Product Description
Theorem V5 + Set files
The Theorem expert analyzes the market and automatically determines entry levels based on the identified price fluctuations during calm periods.
The direction of trading is determined by the intelligent adaptive system of the Expert Advisor.
The most powerful part of the Expert Advisor is the Smart Auto-Close function, which was developed on the basis of many years of experience in the market. The function monitors TP/SL breakdowns of open trades and automatically closes them according to market conditions, which means that TP/SL levels are dynamic rather than static.
In addition to this unique feature, the EA also has a static stop loss, which is an additional protection measure for the SmartClose function.
Thanks to the unique intelligent method of transaction support, the EA allows you to minimize the drawdown and trade with a minimum deposit of $ 50.
For ease of use, the Expert Advisor contains a minimum number of input parameters.
It is optimized to work with EURCHF, USDCHF, AUDUSD, GBPCHF, CHFJPY, CADCHF pairs
The default settings are selected for eurCHF M5
To get set files for other couples for free, contact me.
For more information, visit our blog https://www.mql5.com/en/blogs/post/683154
Options
- MagicNumber – magic number
- Trade Comment – comment on transactions
- MaxSlippage – maximum allowable slippage
- MaxSpread – maximum spread for opening trades
- AggressiveMode – if False, the smartclose function will close unprofitable trades with additional protection.
If True, the Smartclose function will close profitable trades, i.e. will work in aggressive mode - Enable_Buy – allow long trades
- Algo1 – algorithm 1 for long direction
- Filter1 – filter for long trades
- Enable_Sell – allow short trades
- Algo2 – algorithm 2 for short direction
- Filter2 – filter for short trades
- MoneyManagement – use money management or a fixed lot
- BalancePercentage – the percentage of risk from the balance when using money management
- FixedLotSize – fixed lot size
- TakeProfitBuy – take profit for long trades
- StopLossBuy – stop loss for long trades
- TakeProfitSell – take profit for short trades
- StopLossSell – stop loss for short trades
- TrailingStart – trailing stop distance
- TrailingStep – trailing step
- SmartAutoClose_Buy – unique intelligent AutoClose closing feature for long trades
- Algo3 – algorithm 3 for smart automatic closing
- Filter3 – Filter 3 for smart auto-closing
- SmartAutoClose_Sell – unique intelligent AutoClose closing function for short trades
- Algo4 – algorithm 4 for smart automatic closing
- Filter4 – Filter 4 for smart auto closing
- AutoGmt – computer time should be GMT UTC
- ManualGmtOffset – set the GMT offset manually if AutoGMT is disabled
- StartHour – trading start hour
- StartMinute – a minute of trading start
- StopHour – end time of trading
- StopMinute – minute of trading end
- EnableGui – display information on the chart
If you have any questions, please contact me.
Theorem EA
Theorem EA Analyzes the market and auto determines the entry levels based on the finding of price fluctuations in quiet periods.
The direction of the trade is determined by the EA’s clever adaptive system which has a profit ratio of over %90.
The most powerful part of the EA is the Smart Auto-Close function that has been developed after many years of market experience,
it tracks TP/SL breakouts of the open trades and auto-closes them according to market conditions,
this means that the TP/SL levels are dynamic and not static.
On top of that, Theorem has also another security so that if everything fails, It has the normal Stop Loss which secure your balance
The EA works with Best with EURCHF
It has News WatchDog Filter and the Past News events are injected into the EA code for accurate backtest results.
In order for the “News WatchDog” to function, you should check box “Allow WebRequest” and add “http://news1.gegatrade.com” into your WebRequest URL list
The SET files use +2 GMT which most Brokers use.
Please check your broker GmtOffset if +2
Theorem works best with Spread 30 points (3 pips) or lower on M5 Chart
HOWEVER if your broker has high spread, you can raise spread limit in your setting (Not so recommended)
To check for any error messages
open File/Open Data Folder/MQL4/Files
check your OrderEvent file.
CONTACT ME IN PRIVATE FOR BROKER RECOMMENDATION
Parameters: Theorem v.6
- UseTimeDistanceFilter True means sleep 4 hours after a stop loss
- EAWorkMode — Switch between BacktestMode or LiveMode
- DrawLines Yes/No (Show Past news on chart)
- List of symbols for news filter Currency Symbols to choose for filtering the news, separated by comma.
Example: USD,EUR,GBP,CHF,CAD,AUD,NZD,JPY - Show lines for news in past Old news events will be shown on the chart
- Pause long before a high importance news, minutes Minutes to Pause before a critical news event is released
- Pause long after a high importance news, minutes Minutes to Pause after a critical news event is released
- Pause long before a medium importance news, minutes Minutes to Pause before a medium news event is released
- Pause long after a medium importance news, minutes Minutes to Pause after a medium news event is released
- Pause long before a low importance news, minutes Minutes to Pause before a low news event is released
- Pause long after a low importance news, minutes Minutes to Pause after a low news event is released.
- Pause short before a high importance news, minutes Minutes to Pause before a critical news event is released
- Pause short after a high importance news, minutes Minutes to Pause after a critical news event is released
- Pause short before a medium importance news, minutes Minutes to Pause before a medium news event is released
- Pause short after a medium importance news, minutes Minutes to Pause after a medium news event is released
- Pause short before a low importance news, minutes Minutes to Pause before a low news event is released
- Pause short after a low importance news, minutes Minutes to Pause after a low news event is released
- MagicNumber – Trades ID
- Trade Comment – A comment for each trade
- MaxSlippage – maximum allowed price slippage
- MaxSpread – Maximum spread to allow trades
- AggressiveMode – False means “Smartclose unique feature will act at Stop Loss and close trades as extra precaution”
True means “Smartclose feature will close winning trades only” This is measured as Aggressive - TrailngOn – yes/no
- TrailingStep – trailing in pips when SmartClose activates
- Enable_Buy – Enable long trades
- Algo1 – Algorithm 1 for long direction
- Filter1 – Filter used to allow long trades
- Enable_Sell – Enable short trades
- Algo2 – Algorithm 2 for short direction
- Filter2 – Filter 2 used to allow short trades
- TakeProfitBuy – Take profit for Long trades pips
- TakeProfitSell – Take profit for short trades pips
- StopLoss – Stop loss in pips
- MoneyManagement – Use money management or fixed lot size
- RiskPercentPerTrade- Risk percentage of your balance per trade
- FixedLot- Use fixed lot size
- SmartAutoClose_Buy – Smart AutoClose “Unique feature” for long trades advised to use it to protect your account
- Algo3 – Algorithm 3 used for smart autoclose
- Filter3 – Filter 3 used for smart autoclose
- SmartAutoClose_Sell – Smart AutoClose “Unique feature” for short trades advised to use it to protect your account
- Algo4 – Algorithm 4 used for smart autoclose
- Filter4 – Filter 4 used for smart autoclose
- ManualGmtOffset – Set the GMTOffset of your broker, follow this rule to find your gmtoffset
Broker time minus GMT time = your gmtoffset - StartHourBuy- Time to start trading long direction
- StartMinuteBuy- Minute to start trading long direction
- StopHourBuy Time to stop trading long direction
- StopMinuteBuy Minute to start trading long direction
- StartHourSell Time to start trading short direction
- StartMinuteSell Minute to start trading short direction
- StopHourSell Time to stop trading short direction
- StopMinuteSell Minute to stop trading short direction
- Trade Friday – True or False
- FIFO Compliant – If set to True the EA will open one trade at a time only, useful for USA brokers rules.
- MarketOpenDelayHours This will put a delay before trading on market open hours monday
- EnableGui – Show information on chart Close this function for FASTER backtest

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108
Aaron Chen Li 2017.04.19 13:57 #
I intended to wait for about 2 months before I leave comments here: This is a good EA in general. David has been very supportive about any question also.
EURCHF 5M performs better then other pairs.
Keep up your work David!

395
Svyatoslav Gorokhov 2017.03.28 22:08 #
Excellent adviser! I recommend to all! you will not regret!
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