Yellow Free MT4 EA works based on short-term changes in the trend, creating the price “corridor” set in the parameters. Trading is carried out at the external borders of this corridor by opening positions in different directions with different lot sizes.
Yellow Free is intended for trading any currency pair on the M5 timeframe.
Not martingale, not arbitrage.
Yellow Free MT4 EA
- EAMagic10 – the magic number of the EA. Must have different values for every chart.
- StrategyBlock1 – can be set to true or false. If true, the EA uses the 1-st block of strategies in trading.
- StrategyBlock2 – can be set to true or false. If true, the EA uses the 2-nd block of strategies.
- DD – maximum allowed drawdown.
- CommentOfOrder – comment to orders. Can take any value.
- TakeProfitInPoints – take profit in points.
- TrailingStop – trailing stop in points;
- ZeroPositions – if true, the EA opens positions only if there are no other open positions on the trading account.
- LotMult2way – lot multiplier for the next opened position.
- MaxPriceCorridor – value of the price corridor in points for Yellow Free to open positions.
- PipsOfIncrement – expansion of the price corridor when exiting an unprofitable position.
- StartHour – hour to start trading.
- EndHour – hour to stop trading.
- SafeMode – can be set to “true” or “false”. If “false”, the EA turns off additional filter and opens trades like version 7.2.
Features of free version of Yellow EA:
- Changing of trading lot is not available, the EA trades the 0.01 lot.
- The Stop Loss can not be set automatically.
- Automatic determination of the price corridor is disabled.
- Deposit load reduction by closing the previous position before opening a new one is disabled.
For the EURUSD pair, the recommended settings are set by default.
The settings for other currency pairs are provided in video-guide.
Recommended broker – any.
For the correct operation of the EA, the currency pair history for the H1 and D1 timeframe should be downloaded to the terminal.
Parameters are set as for 4-digits servers. They will be automatically recalculated for 5-digits servers.I will be thankful for your positive reviews and ratings – it inspires me for further improvements of my Expert Advisors.