PipTick ATR MT5

PipTick ATR MT5

PipTick ATR indicator is really helpful tool for measuring of range of bars. With it you can quickly and easily assess the current spread (range) ATR, which is especially useful for traders who use the VSA. The indicator for the classification of the range bar (candle) applies moving average and its coefficients. Accordingly, the portion where the bar ATR (relatively moving average) is marked as ultra low, low, medium, high, very high or ultra high. Indicator PipTick ATR represented as a histogram.

This indicator calculates the moving average of four ways:

  • SMA – Simple Moving Average
  • SMMA – smoothed moving average
  • EMA – Exponential Moving Average
  • LWMA – linearly weighted moving average

interpretation of values

By default, there are six areas that the user can change. Depending on which zone corresponds to the ATR, the bar of histogram is colored by appropriate color. Thus, you can easily recognize how high ATR (spread / range) compared to the previous bars.

  • Zone ultralow ATR – Gray
  • Low ATR Zone – white
  • Zone average ATR – turquoise
  • High ATR zone – dark sky-blue color
  • The zone is very high ATR – royal blue
  • Zone ultrahigh ATR – blue

Main characteristics

  • A simple classification of bars range
  • Several methods based on selection
  • Ranges zones selected by the user
  • It works on all timeframes (M1, M5, M15, M30, H1, H4, D1, W1, MN)
  • Fast and reliable indicator
  • Adjustable parameters (color, line thickness, period MA …)

Input parameters

  • MA_Method – The method of moving average, SMA, SMMA, LWMA and EMA
  • MA_Period – calculating the period of the moving average
  • ATR_Period – Calculation period ATR
  • Line_Thickness – The thickness of the exit line
  • Histogram_Thickness – Thickness output histograms
  • Low_Coefficient – Coefficient to determine the lowest zone
  • Average_Coefficient – Coefficient to determine the average area
  • High_Coefficient – Coefficient to determine the high band
  • Very_High_Coefficient – Coefficient to determine the very high area
  • Ultra_High_Coefficient – Coefficient to determine the zone ultrahigh
  • Color_Text – LED color text
  • Color_MA_Line – The color of the moving average line
  • Color_Ultra_Low – Color ultra histogram
  • Color_Low – Color histograms low
  • Color_Average – average color histogram
  • Color_High – High color histogram
  • Color_Very_High – Color is very high histogram
  • Color_Ultra_High – Color ultrahigh histogram


output parameters

  • Average ATR Mapping values ​​of the mean period of ATR
  • ATR – Showing ATR values
  • Type – Displays the type of zone numbers. 1 – 6 correspond to zones. Number 1 is an ultra-low, ultra-high 6 means
  • Low – Displaying values ​​lower zone. Otherwise, the value is zero
  • Average – Displaying values ​​of the middle zone. Otherwise, the value is zero
  • High – Showing high zone values. Otherwise, the value is zero
  • Very High – Displaying values ​​very high zone. Otherwise, the value is zero
  • Ultra High – Displaying values ​​ultrahigh zone. Otherwise, the value is zero

PipTick ATR MT5

Video

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Three Pair Basket Trader

Three Pair Basket Trader

EA trades basket of three currency pairs one account in part hedged formation. Pair traded simultaneously at a time when their prices are not correlated with each other. Advisor does not rely on network latency between multiple accounts. Advisor is fully automatic and requires no user intervention after the launch on schedule. Basket transactions closes on reaching a predetermined total profit in pips or in satisfying closing conditions.

Note that for testing the program has a free version that will only trade 0.01 lots and execute only part of transactions. This paid version is much more flexible, more sales and has more customizable options.

Advisor is well suited for low-risk trading in the market. Opening the three transactions at the same time partially hedged formation Advisor Protect your account from market fluctuations. transaction time is from several seconds to several days, rather than just a few seconds, as in the arbitration, as our EA less relies on network latency and speed of execution. However, we still recommend a broker with low spreads and fast execution, as these factors still affect the number of transactions and the profit potential.

adviser It can not be tested on history using a tester, so you can test only one pair at a time. I tested the adviser on stories using your own program and real tick data for all three pairs of default: AUDUSD, EURUSD and EURAUD. With the default risk (10) the expected maximum drawdown was 10% at the expected average yield of 5%. Advisor will limit risk to prevent large drawdowns. Results may vary depending on the brokerage commissions and other market conditions. Initially Advisor comes with settings to work with ECN-Broker. Please check whether your broker is ECN-Broker, to use a more appropriate setting.

Options

  • Magic – magic number to identify the advisor orders
  • Lots – fixed lot size if auto auction is not used, the EA will limit this value to avoid high risks.
  • useAutoLot – If true, the lot size is based on the account balance and risk settings
  • autoLotRisk – minimum percentage margin account when basket trading currencies
  • ProfitMult – the sum total of the number of pips * 10 to take profit when trading 3 pairs.
  • LossProfitMult – the total number of pips * 10 for the stop-loss
  • SpreadAllowed – the maximum spread
  • TakeProfit – fixed take profit for each pair of the loss of communication with the server
  • StopLoss – a fixed stop loss for each pair
  • fileRecord – True if all recorded tick data

Additional built-in security features

  1. Each transaction is accompanied by a fixed stop-loss and take-profit to the case of strong price movements or loss of communication with the brokerage server.
  2. All transactions are automatically closed if opened less than three transactions or an adviser can not open a transaction within the basket. This is important, since you can manually close a deal, and the program will immediately close the other, to keep the profits and protect the account.
  3. Commercial terminated upon reaching a predetermined number of consecutive loss trades.

Recommended use

  1. Run adviser on the chart with the highest number of ticks. As a rule, it EURAUD.
  2. Timeframe is not important. Advisor uses tics trade.
  3. Start with a small risk, to assess the work of the adviser with a specific broker.
  4. Use a low risk value to protect your accounts from drawdown.
  5. Do not close the transaction manually after the weekend, otherwise you risk losing your profits.
  6. For greater efficiency it is recommended low spreads, low commission and high-quality execution.
  7. The minimum deposit for trading 500 USD, the recommended 2,000 USD.
  8. Run adviser in a separate account, as it uses a very important margin depending on the risk values.

to my customers

Please contact me if you have any questions, I will be glad to help.

Author

Benjamin Patry – an expert on programming in the development, design and optimization of automated trading programs with over seven years experience in the Forex and more than ten years of trading experience.

Three Pair Basket Trader

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