Author of the concept — Bluesky, developer of the MQL5 code — barabashkakvn.
The Very Blonde System is a unique Expert Advisor (EA) designed for MetaTrader 5 that opens reverse positions while placing a grid of orders to back them up. It analyzes price fluctuations over a set number of bars.
This straightforward EA waits for a significant price movement of X pips within Y bars (you can tweak the "Change in Price" setting for the value of the price change and the "CountBars" setting for the number of bars). Once the conditions are met, it opens a reverse position along with a grid of limit orders to reinforce it (the "Grid" setting is adjustable).
All positions will close when a specified target is reached (the "Amount" setting can be customized). You can also set the EA to close positions based on this logic: if(getProfit() >= AccountBalance()/1000){CloseAll();} if you want your profits to align proportionally with your balance.
However, be warned: this strategy carries significant risk, as it might expose you to large lot sizes. To mitigate this, consider enabling the "LockDown" feature, which automatically closes your positions after hitting a certain number of pips (a recommended setting is 400 = 40 pips). But keep in mind that using this EA in live trading conditions is not advisable — it merely demonstrates the potential risks involved.
The EA can be applied to any chart and timeframe, but make sure to optimize it first. The provided example shows its performance on the EURUSD M1 chart, although you might find better results on EURJPY.
Happy trading!
Cheers,
David
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