Realised Price Action Project EA

This is a new released EA of the same author of Candelabrum, True Range, River and others. Price is very affordable $50 with 5 activations, so it would result in a very low price for a joint purchase if there is interest. Below the information of the EA.

Price Action Project
Indicator-free Price Action trading system. 10 free sets included.

Long-term strategy based on trends and patterns with full risk control. Dangerous & risky trading not used.



Price Action Patterns

• Bar Outside
• Bar Pin
• Three Bars
• Three Inside (being tested & optimized)
• Morning/Evening Star (being tested & optimized)
• Bar Power (being tested & optimized)

Features

• Pending orders
• Calculated pattern based SL & TP levels
• Manual/Auto/Risk volume
• Hard/Trailing stop
• Split system
• Saving/Restoring data
• Fibonacci levels
• One pattern per chart

Optimization

• Broker: Forex Chief
• Backtest quotes quality: 99%
• Period: 2014-2020
• Max. balance DD: 5%
• Min. profit factor: 1.5

Monitoring

• Price Action Project MT4 https://www.mql5.com/ru/signals/790413

Recommendations

• Min deposit: $1000
• ECN account Forex Chief DirectFx

Set files

• https://www.mql5.com/en/blogs/post/738140

Input parameters

• Magic - magic number
• Comment - comment
• Slippage - max slippage, point
• Lot Max - max volume of every position, lot
• Spread Max - max allowed value of the spread for opening / modifying / closing a position, point
• Range Min - min allowable size of a model, point
• Range Max - max allowable size of a model, point
• File Name - data storage file name, must be different for each chart, if empty the name will be automatic (path C:\Users\[UserName]\AppData\Roaming\MetaQuotes\Terminal\[Terminal]\MQL5\Files\[filename.bin])
• Timeframe - timeframe
• Direction - allowable positions type
  • LongAndShort
  • OnlyLong
  • OnlyShort
• --- Volume ---
• Volume Type
  • LotManual - based on Lot Main
  • LotRisk - based on Factor Risk
  • LotAuto - based on Factor Auto
• Lot Main - main lot (valid with LotManual / LotAuto), lot
• Factor Risk - max allowable loss for each position in % of AccountBalance (valid with LotRisk), %
• Factor Auto - account funds per each Lot Main value, lot = ACCOUNT_BALANCE / Factor Auto * Lot Main (valid with LotAuto), $
• --- Levels ---
• Takeprofit - takeprofit, %
• Stoploss - stoploss, %
• --- Time ---
• Hour Start - hour to open a position, hour
• Hour End - hour to stop opening a position, hour
• Hour End Friday - hour to stop opening a position on Friday, hour
• --- Patterns ---
• Pattern Bar Outside
• Pattern Bar Pin
• Pattern Three Bars
• --- Pattern Settings ---
• Trend Period - trend period, bar
• Trend Ratio - trending bars ratio, %
• Bar Period Pending - pending order time, bar
• Bar Ratio - body to size ratio, %
• Bar Close - close to size ratio, %
• Bar Period Avg - period to calculate an average size, bar
• Bar Ratio Avg - signal bar to average size ratio, %
• Pattern Close - close to pattern size ratio, %
• --- Active Stoploss ---
• Stoploss Type
  • Regular - hard stoploss
  • Trailing - trailing stop
    • Trail Start - start level of trailing stop, %
    • Trail Stop - distance of trailing stop, %
• --- Split ---
• Split - enable/disable
• Split Start - start level of Split mode, %
• Split Step - step of Split mode, %
• Split Lot - percent of the remaining order volume closed at each step, %
• --- Graphics ---
• Color Buy - Buy levels color
• Color Sell - Sell levels color
• Display Trades - enable/disable to display the trades

Follow/Join

• MQL5 Smart Forex Lab.
• Telegram @smartforexlab

Sellers website: https://www.mql5.com/en/market/product/52164#!tab=overview

https://clubbingbuy.com/threads/price-action-project-ea.3234/