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Indicator: Pair Power Matrix https://www.mql5.com/en/market/product/37449

Note:  this EA is designed for those who bought/rent and installed  Pair Power Matrix in MT4.  If you do not
buy/rent this indicator, EA will not work in your MT4.

1. EA Strategy

  1. Open sell orders for the weaker pairs,and open buy orders for the stronger pairs.
  2. Use Moving average line to filter the range market.
  3. Use stochastic indicator as entry signal.

2. EA Inputs

  • TradeType —  4-option: No_Trade, Sell_And_Buy,Sell_Only,Buy_Only
  • MagicNumber — the magic number of EA
  • Lots for Forex Symbol — the lots for the 28 forex symbols 
  • Lots for Additional Symbol — the lots for the additional symbol
  • ATR Multiplier for StopLoss — the StopLoss is the result of daily ATR multiply this multiplier
  • ATR Multiplier for TakeProfit — the TakeProfit is the result of daily ATR multiply this multiplier.
  • Use_MA_Filter — if ture, EA will use the setting MA to filt the range market, false EA will not use this filter.
  • Use_Stoch_Entry_Signal — if ture ,EA will use Stochastic as entry signal.

3. Use MA Filter

  • To open sell orders, EA needs to check whether the price is below the moving average line.
  • To open buy orders, EA needs to check whether  the price is above the moving average line.

4.Use_Stoch_Entry_Signal 

  • To open sell orders, there must be a signal of the main stoch crossed up the signal stoch,the cross is below the oversold level.
  • To open buy orders the re must be a signal of the main stoch crossed down the signal stoch,the cross is above the overbought level.

5. The nunber of order

  • EA only open one sell order for every pairs in the weak pairs
  • EA only open one buy order for every pairs in the stronger pairs.

6. Order StopLoss /TakeProfit

  • EA set StopLoss /TakeProfit for order when the order is opened.
  • for buy order,  StopLoss = Open Price – Daily ATR * multiplier,  TakeProfit = Open Price + Daily ATR * multiplier
  • for sell order,  StopLoss = Open Price + Daily ATR * multiplier,  TakeProfit = Open Price – Daily ATR * multiplier.
  • Daily ATR —  it is the daily ATR ,Periods is 20.

       

        

6. EA Input Screenshot



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