[EA] Charles-1.3.3 - MQL4 Code Base

EA MQL4

Name:	[EA] Charles-1.3.3
Author:	afabiani (2012.06.20 08:16)
Rating:	8
Downloaded:	6502
Download:	Charles1_3_3.mq4 (20.0 Kb) View  Charles1_3_5.mq4 (20.1 Kb) View  Charles1_3_8.mq4 (20.7 Kb) View  Charels1_3_9.mq4 (25.7 Kb) View  Charles2.0.3.mq4 (45.2 Kb) View
Author: afabiani (AlFa) Description: The EA starts looking for prices and break-outs. After that it continues trading by placing orders progressively aiming to reach a global profit. It also scalps pips in when a positive amount is reached and tries to aument the gain when the market is tranding. It should work on most pairs and all periods. The profit factor is not "galactic" since it tries to protect the capital as much as possible with a small but constant profit increment and a small draw down. Moreover there is a protection when the profit falls below the balance risk-percent. It places hedge orders in order to block the loss and looks for some indicator trying to catch the good direction in order to exit the stall. Of course it can be improved a lot and it may require manual intervention and/or some parameters tweaking basing on the market condition. In general however it should be quite stable. If you like this EA and you have some expertise in Forex trading, I would be greatefull for hints and ideas on how to improve it. Also if you have time to test it and find bugs, please report them to me. Image: Parameters: Anchor[250]; PIPS displacements for up/down orders xFactor[0.7]; Lots xFactor multiplier for further orders Amount[1.0]; Initial profit target (indicative, the EA computes it automatically) RiskPercent[10]; Account Balance percent you want to risk (I recommend to not go above 10%) LotPercent[10]; Lots percent Lots[0.01]; Lots amount, considere only when LotPercent is 0 Slippage[2]; Orders slippage Macd;"Quick, Slow, Signal" - Qema[10]; Quick MACD EMA period - Sema[32]; Slow MACD EMA period - Signalmacd[4]; MACD Signal period Ema;"fast close, slow open." - Fastema[8]; Fast EMA period - Slowema[14]; Slow EMA period AllOrders[false]; wheather or not consider ALL the orders for the Symbol, also the manual ones LogToFile; wheather or not log to a file into the MT4 folders

[EA] Charles-1.3.3 - MQL4 Code Base