This a unique Expert Advisor incorporates several established profitable strategies based on support and resistance levels pertinent to the selected timeframe, derived from a proprietary algorithm, and also Locking and Martingale methods, seamlessly integrated into a single strategy that accommodates fully automated conservative trading across multiple instruments, what promotes diversification of the trading portfolio, significantly increasing profit potential.
Upon activation, the expert generates support and resistance levels on the chart for the selected timeframe, derived from our unique algorithm. The initial two orders are executed simultaneously in both BUY and SELL directions, with Take Profits set at the nearest support and resistance levels. For conservative, fully automated trading, it is advisable to operate solely based on these levels on the H4 timeframe. This entails setting "Open after TP" to true and "Open by distance" to false. In this configuration, upon executing the first two orders at the nearest support and resistance levels, limit pending orders will also be established in accordance with the predefined multiplier. Consequently, regardless of price movement after opening the first two orders, the trader is positioned to profit from one of them, which will close at the designated Take Profit. The remaining order will trigger a limit pending order at the same level, followed by averaging orders at subsequent support or resistance levels. For H4 trading, a multiplier of 1.5 and a Take Profit range of 200-300 p. is recommended. Typically, this strategy facilitates the closure of negative grids through 2-5 averaging positions, after which two new BUY and SELL orders are activated, continuing the cycle. This strategy allows simultaneous trading across multiple instruments, making it particularly effective in the Forex market. Optimal results have been noted when executing the strategy across all available currency pairs, although it is prudent to avoid trading low-volatility instruments on timeframes of H1 and higher or to utilize smaller lot sizes for such instruments. Additionally, traders should employ risk management filters to regulate the number and total volume of open orders, as well as the permissible level of deposit drawdown, at which point the expert's algorithm adjusts to the specified timeframe conditions. For instance, when operating on the H1 timeframe, transitions to H4 and D1 may be appropriate, while for H4, D1 and W transitions are advisable. Implementing these filters can effectively manage deposit drawdowns in a fully automated mode.
The Expert Advisor encompasses the following functionalities:• Time Control: Allows selection of operational periods.
• Min Points to Level: Sets the distance for opening orders while ignoring automated settings.
• Timeframe and Lot Size: Specifies the current timeframe and initial lot size for trades.Multiplier:
• Defines the multiplier for subsequent
orders.•
Open by Distance: Offers options for distance-based order opening, with associated risks.
• Take Profit: Sets Take Profit levels for remaining orders post-closure.
• Max Positions: Regulates the number of open orders in one direction.
• Max Lot: Limits lot sizes for further orders to manage drawdown.
Other settings:• Show information on all symbols
• Magic Number - If you work with several instruments simultaneously on one terminal, you need to specify different numbers for each instrument. Also, if the expert has already opened positions, then when changing the number, the expert will start working again, and new positions will not be compared with the previous ones.
• Font size - changing the font in the expert panel
Traders can establish two Drawdown Filters in percentage. These filters govern when the algorithm should automatically switch to higher timeframes, mirroring the functions of previously mentioned parameters.
Additionally, the chart indicates the breakeven level of all open orders as a yellow line, providing crucial insights.
This advisor employs a universal panel displaying essential information for traders, including:
• Ticker of the traded instrument.Count of open BUY and SELL orders.
• Current unrealized drawdown or profit, color-coded for clarity.
• Fixed profit amounts for the current day, week, and month.
• Buttons for manually closing all open BUY or SELL orders as desired.