LR Expert Advisor
The idea behind this Expert Advisor comes from a simple mathematic formula. The Expert Advisor places two opposite orders. When the price moves in some direction, the former order will always have a positive result, and the latter order will have a little more (by the value of a spread) negative result.
If we average it, then the averaging orders are closed, excepting only the winning order, when the price goes in the opposite direction (for only a few spreads)!
You will receive a profit (due to which the Expert Advisor trades) from the winning order and, of course, the averaging orders (especially if you make use of rebate programs that repay a part of spread to you).
Additionally, there is a MA (Moving Average) filter added into the Expert Advisor.
TF – a timeframe of a candlestick chart used to identify trend direction (it is set in minutes – 1, 5, 15, 30, 60, 240 …)
MinStep – minimum step between orders (the value is increased by 10 times, when using 5- and 3-digit trading terminals)
Lot – if it is equal to 0, then the lot size will be calculated as a percentage of free margin for risk %.
risk – percentage of free margin
K_Martin – a coefficient by which the lot size is multiplied for each subsequent trade (you can set the value to 1 to disable lot increase and reduce the load on deposit)
MA – MA filter (orders are placed based on MA: if the price is above the MA, then buy orders are placed and vice versa; if set to 0, then the filter is disabled)
Magic – unique order number of the given Expert Advisor
DrawInfo – displays information on the terminal screen
DigitsLot – lots of orders to be rounded: 1 – up to one decimal place (0.1), 2 – up to two decimal places (0.01)
slippage – slippage
MinProfit – minimum profit in points required to close all averaging orders
Set2 – if true, then two orders are placed without a signal; if false, then the Expert Advisor waits, until the candle closes above/below the previous one
In version LR9 added several features:- allow trading. If you set false during trading, the adviser will end the current series and will not start trading again until you change the parameter. – close the adviser after taking profit the adviser is not particularly sensitive to the quality of quotes, so it can be optimized on the control points of M15, and then check the exact tests for all ticks.