Expert Advisor for trading the GBP/USD on the M5 timeframe. It is based on the strategy of “waiting out”, the market entry (and exit) points are determined on the basis of correlation of a number of indicators. The trading volume for opening a position depends on results of previous trades. It is possible to limit the amount of risk (AutoMM parameter). It is also possible to set the maximum spread, above which the EA will automatically pause trading (MaxSpread parameter).

Settings

• TakeprofitS – take profit for sell orders.
• StoplossS – stop loss for sell orders.
• TakeprofitL – take profit for buy orders.
• StoplossL – stop loss for sell orders.
• FixedLot – fixed lot size.
• AutoMM – limit on the amount of risk (in percents).
• MaxSpread – maximum spread, trading will be paused when exceeded.
• MagicNumber – any unique number to identify this EA.