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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
- Open sell orders for the weaker pairs,and open buy orders for the stronger pairs.
- Use Moving average line to filter the range market.
- 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.
- 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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