Crazy Lock V3 EA

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Product Description

 

Expert Advisor Recommendation

Скачайте Торговый робот (Expert Advisor) ‘Crazy Lock’ для MetaTrader 4 в магазине MetaTrader Market (mql5.com)

https://www.myfxbook.com/members/dj_ermoloff/crazy-lock/8402212

Crazy Lock V3 EA Description

Currency pairs: EURUSD

Recommended deposit: 20 000 money (min. 10 000)

Timeframe: does not matter

Trading time: European session, on the American finalizes the opened transactions

 

Description of the strategy.

Since 2013, many sites have been actively discussing the crazy name Crazy Lock expert advisor I developed. The idea of the robot came to me when I was talking about how to make money on any market movement, in whatever direction it moved. The strategy of locking martingale (or Swing) was taken as a basis. Now I want to present you a modified and more functional version of this robot.

The bottom line is this.
1. We trade only during the hours of the active phase of the market, so as not to get into a protracted flight and not to collect many orders. I also recommend disabling the Expert Advisor during the holidays in Europe and America, when most likely the market will not be very active, it is also better not to trade during Non Farm paroles (the release of data on employment in the United States. Release date: Friday following the first Wednesday of the month), the market may not be predictable, the EA simply may not have time to place orders correctly.
2. To launch the strategy in a given period of time, we begin to look at the ATR indicator, which shows the average volatility. As soon as the indicator goes into growth, we enter the market in the direction of the signal candle.
3. For the first order, set a profit of 10 points and immediately the opposite order at a distance of 20 points from the first order with a lot increased by 2.2 times.
4. If the market does not go in the direction of the first order, but opens the opposite order, then we set the Take Profit of the second order at a distance of 30 points. There we also put a stop of the first order. Thus, with the simultaneous closing of a total of two transactions, we will get a positive trading result.
5. If the market catches the second order, immediately put another opposite, also increasing the lot by 2.2. And so on ad infinitum, until the market reaches profit. In practice, more than 9 orders are not required, the market begins to move somewhere and allows you to close profits in total for all orders.

6. In addition to the first order channel, we can open additional channels. As soon as we open the first order at a distance of 10 points from it, we place a pending order to launch another channel next to the already open one. We open it at a distance, so that the channels do not coincide.

Thus, we collect profit in any scenario, in whatever direction the price goes, we turn over and take the profit. The main thing is that the price does not move in a small channel of 35-55 points for a long time. And this is unlikely with the current dynamics of the market. The main thing is to look at the economic calendar in time and turn off the Expert Advisor during the holidays and when there is no news on the market for Europe and America. Well, if there is news, then most likely they will move the market somewhere.

What is in this version that is not in the one that has already managed to disperse on the Internet?

1. Now you can disable the filter on the time of trading and run the robot for round-the-clock trading.

2. You can choose several strategies to start at the beginning of the day.

3. AtR indicator parameters are displayed in external settings.

 

Description of expert advisor parameters.

Continuation Order Type – sets the type of order to continue trading

First TakeProfit – the size of the first TakeProfit

Channel size and second TakeProfit – размер канала и второго TakeProfit

Distance to the next channels – distance to the next channel

MM (% from balance) – money management (percentage of the first order from the deposit)

Lot – the size of the initial lot (0 – calculated based on the balance and MM)

Max. number of channel orders – the maximum number of orders in the channel

MagicNumber – unique EA number

Enable trading time – enable time trading

GMT broker – broker time

Trading start time – trading start time

Trading end time – trading end time

Start strategy – starting strategy

Timeframe – indicator timeframe

Selected direction – choose the direction of opening (at Start strategy = Selected direction)

ATR period – ATR indicator period

ATR power-on level – ATR level for the start of the Expert Advisor

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