True Range EA 4.20

Accurate Night Scalping & Smart Grid System

Features

• 100% automated trades
• Hard stoploss for everyposition
• Spread control
• Manual & Auto volume
• Easy to use & ready to go
• 2017-2019 99% tick quality backtests

Expectedperfomance (default settings)

• Growth: 10-20% / mo
• Max drawdown: <35%

Presets

• eurusd m5 (default), https://www.mql5.com/en/blogs/post/726783

Monitoring

• Signal True Range MT5
• Signal True Range (MT4)
• Signal Traffic Crazy (MT4, True Range EA combined with Traffic Pro EA)

Recommendations

• Time: GMT+3
• Deposit: $300-500 / 0.01l
• Hedging ECN account
• Leverage: 1:400+
• Fast VPS
• ForexChief DirectFx account
• IC Markets Raw Spread account

Input parameters

• Magic – magic number
• Comment – comment
• Slippage – max allowed slippage, point
• Order Max – max allowed amount of positions for each direction
• Lot Max – max allowed volume of each position, lot
• Spread Max – max allowed value of the spread for opening / modifying / closing a position, point
• Timeframe – timeframe
• Direction – allowable positions type
• LongAndShort
• OnlyLong
• OnlyShort
• Takeprofit on Bar – getting takeprofit on bar / tick
• — Volume —
• Volume Type
• LotManual – based on Lot Main
• LotAuto – based on Factor Auto
• Lot Main – main lot (valid with LotManual / LotAuto), lot
• Factor Auto – account funds per each Lot Main value, lot = ACCOUNT_MARGIN_FREE / Factor Auto * Lot Main (valid with LotAuto), $
• Progression Type
• PrgrNone – no progression
• PrgrArithmetic – arithmetic progression (Lot=LotLast + Progression Factor)
• PrgrGeometric – geometric progression  (Lot=LotLast * Progression Factor)
• Progression Factor – progression value
• — Levels —
• Stoploss – stoploss of each position, point
• Takeprofit – takeprofit of the basket, point
• Grid – min grid step, point
• — 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
• — Indicators —
• RSI Period – period of RSI
• RSI High Level – upper level of RSI
• ATR Period – period of ATR
• ATR Counter – counter of ATR
• ATR Factor – last ATR to total ATR ratio
• — Overlap —
• Overlap – overlap of the first order by the last
• Overlap Number – number of orders to start overlapping
• Overlap Percent – last order profit to first order loss ratio
• — Drawdown Stop —
• Drawdown Type
• DDNone – not active
• DDCurrency – by account currency
• DDPercent – by account equity
• Drawdown Value – max drawdown value to close orders when a drawdown is reached
• — Graphics —
• Color Buy – Buy levels color
• Color Sell – Sell levels color
• Display Trades – enable / disable to display the trades