Technical Indicators for MetaTrader 5
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MetaTrader 5
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Overview
One Direction Pro is a combination of hedging, Grid averaging, pyramiding, lot martingale - anti martingale strategies, which aims to enter and exit the market as quickly as possible so as not to be trapped by unexpected market changes.
Expert parameters:
1. Manage Open Positions
- One cycle per day: When activated, the bot only allows one trade cycle per day
- Trade Buy: allow buy
- Trade Sell: allow sell
- Select Entry Method
- Period in bars for indicators : Average period
- Distance from High & Low Bands & Envelopes(in pips) : Distance form high and low to start trade
- Minimum Wave : Minimum wave to start trade
- Maximum Wave : Maximum wave to stop trade
- Reverse: Reverse main signal
- Trend Filter: Trend filter for main signals
- Reverse Trend Filter
2. Manage Lot and Money
- Lot Type: Select lot type
- AutoLot (ex. 1000 $ = 0.01): Manage lots
- if AutoLot = true, fill in Money to manage, $: Fill in money to manage (Ex. Balance 5000, fill in 1000, Autolot = 0.05)
- if Autolot = false, fill in Start Lot: fill in the initial lot
- Multiplier for Martingale 3/Anti Martingale 2/Mix Lot: Multiplier lot coefficient
- Maximal Lots: max lots per trade
- Maxtrade: Max trade allowed
- Open Next Grid only on a new bar
- Open Next Grid on Trend Direction
- Step (in pips): Distance to open the next position
- Total Buy to Start Expanding Step Buy
- Total Sell to Start Expanding Step Buy
- Expanding Step Coefficient: step multiplier coefficient
- Change Step: allow change step
- Coefficient lot to start changing step
- Change Step to(in pips)
- Expanding Step Coefficient: step multiplier coefficient for change step
- Use Stoploss and Take Profit, in pips
- Stop Loss(in pips), 0= no stoploss
- Take Profit(in pips), 0= no take profit
- Averaging Trailing, in pips: Trailing all in pips
- Trailing Start (in pips): Trailing starts in pips
- Trailling Size (in pips): Step trailing in pips
- Use Break Even: Enable Break even
- Break Even Start, in pips
- Break Even Step, in pips
- Use Auto Close Partial:
- Select Close Partial Method:
- Close partial buy & sell: partial close by bringing 1 buy loss & 1 sell loss
- Close Partial Buy/Sell 1: means the bot will close partial far loss 1 buy or 1 sell position.
- Close Partial Buy/Sell 2: meaning the bot will close partial far loss 2 buy or 2 sell positions.
- Close partial all 1: A combination of close partial buy & sell and close partial buy / sell 1.
- Close partial all 1: A combination of close partial buy & sell and close partial buy / sell 1.
- Number of trades to activate partial close: Minimum open positions to start partial close.
- Select Partial Takeprofit Method : Pips or Money
- Minimum profit to close partial : Minimum profit to do partial close
- Use Auto Close Partial, in percentage: Close partial in percentage
- Number of trades to activate partial close: Minimum open positions to start partial close.
- 1st Percentage profit to close partial 2, %: Minimum profit 1st last position to do partial close.
- 2nd Percentage profit to close partial 2, %: Minimum profit 2nd last position to do partial close.
- Use Close : enable/disable close method
- Select Close Method : Select between close by opposite signal or close in the middle
- Cut loss if loss, $: close all positions when the cutloss target is reached, in money.
- Cut loss if Drawdown, %: close all positions when the drawdown target is reached, in percentage.
- Use time control: restrictions on trading hours and days, this only applies to opening a new cycle. Timing use broker's server time.
- Trade Start Time: Time to start trades
- Trade End Time: The time the trading session ends
11. Manage News
- Stop Trade by News: Allow news filter
- Show News Only This Chart Currency: False if you want to display news from all currencies
- Indent after News, minutes
- Indent before News, minutes
- Enable light news
- Enable medium news
- Enable hard news
- Auto GMT : enable auto GMT
- If Auto GMT= false, Fill in GMT Offset
- Currency to display the news (empty - only the current currencies)
- Show timer before and after news.
- Period news updates in seconds
12. Manage Others
+ Max Spread (in Pips): spread allowed
+ Magic number : EA identifies open positions based on this magic number. Fill in 0 (Zero) so that ea can recognize all positions opened manually or by other eas.
