If you’re on the lookout for a robust trading tool, the UP Bot 1 might just be what you need. This Expert Advisor (EA) operates without the use of traditional indicators, relying solely on the price values from the current and previous bars to make its moves.
The core concept behind UP Bot 1 is pivot point detection. It swoops in with market orders when it senses a trend reversal, giving you the edge in volatile markets.
Each trade is safeguarded with customizable take profit and stop loss settings. If you choose to set the stop loss to zero, the EA automatically calculates it based on the current price and pivot point, ensuring you stay protected as the market shifts.
Plus, you can take advantage of a trailing stop with a defined step or even shift your position to breakeven. There are multiple options at your disposal for closing positions based on specific conditions, all easily adjustable in the settings.
Parameters:
- TakeProfit — Level at which to take profit.
- StopLoss — Level at which to stop loss (set to 0 for automatic calculation).
- HLdivergence — Minimum deviation of two adjacent bars for entry.
- SpanPrice — Price offset from the starting level for opening an order.
- Lots — Size of each lot.
- MaxTrades — Maximum number of open orders at one time.
- Slippage — Acceptable slippage for order execution.
- MagicNumber — Unique identifier for the EA.
Output Settings:
- TrailingStop — Trailing stop for ongoing positions.
- TrailStopLoss — Level for trailing stop loss.
- ZeroTrailingStop — Shift stop loss to breakeven level.
- StepTrailing — Step size for trailing stop.
- OutputAtLower — Exit if the price drops below the previous bar.
- OutputAtRevers — Exit upon trend reversal.
- SpanToRevers — Price offset from the reversal level for closing an order.
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