Author of the Idea: Pavel Smirnov, MQL5 Code Author: barabashkakvn.
Introducing the Gazonokos Trading System—this automated trading system, which translates to "Lawnmower," is designed for traders looking to make consistent, albeit modest, profits. With tight Stop Loss and Take Profit parameters, the system is set up to close trades quickly based on minor price swings. While it's not a scalping tool, you can expect one or two trades per day, making it a practical choice for traders who prefer a more relaxed approach.
Trading Rules:
- Enter the market during price rollbacks.
- Exit trades based on Stop Loss or Take Profit levels.
To effectively utilize this system, first, assess the price action or momentum using various available methods. Look for rollbacks, and then seize the opportunity to enter the market.
This EA is optimized for testing on the EUR/USD H1 chart, allowing you to experiment with the underlying trading strategy. The EA performs detailed price movement analysis within the bar, so ensure you conduct tests in the "Every tick based on real ticks" mode—this is crucial for accurate results.
The code comes well-commented and structured, making it accessible even for beginners who are just dipping their toes into automated trading.
Input Parameters for the Expert Advisor:
- magic: A unique identifier for the EA to manage its trades.
- TakeProfit: The take profit level in points for all positions upon opening.
- Otkat: The pullback value in points; the EA activates trading when the price moves back this distance.
- StopLoss: The stop loss level in points, set similar to TakeProfit when opening positions.
- t1: The bar number used to gauge price movement.
- t2: Another bar number for assessing price action.
- delta: A value for measuring momentum.
- lot: The size of each position.
- active_trades: The maximum number of trades that can be open simultaneously.
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