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
To learn more about how you can get the key, read the following article: How can I get a key for a Demo Expert Advisor?