Forex expert advisors; Flyer EA

Posted by just me Thursday, February 26, 2009

Flyer EA

Parameters

These are all the parameters that are user adjustable. The defaults are as given and optimized for the EUR/USD.

** Please Note: The EA may be installed on ANY chart time frame, M1, M5, M15, etc…. Use your preference. The EA runs independent of what chart you put it on.

Also, at the time of writing. ONLY EUR/USD, GBP/USD, and USD/CHF have been tested fully enough to have settings that generate a profit on the EA.

Settings for the specific pairs:

EUR/USD : S/L = 47, TimePeriod = 30
GBP/USD : S/L = 58, TimePeriod = 30
USD/CHF : S/L = 58, TimePeriod = 30

The remainder of the settings are predetermined in the code. Feel free to modify those if you determine something that is more profitable.



General Parameters to be set at run time:

TimePeriod = 30 : Chart time frame EA uses for calculations. May be
: changed for different performance values. Note: this
: is different than the chart time frame the EA is installed
: on. EA may be installed on any chart time frame.
MinVal = 5000 : Minimum value account will be reduced to in case
of drawdown (in dollars). 

Trading will not continue below this value.
MarginVal = 100 : Margin ratio for account.
FixedLots = 0 : Values are 0 or 1. 0 = EA will adjust lot sizes according
: to equity. 1 = Use fixed lot size as listed in “MyLotSize”
MyLotSize = 1 : If using fixed lot sizes, set to your desired lot size.
BrokerMinLotSize = 0.01 : Minimum lot size your broker will allow.
LotValue = 0 : Used for Standard or Mini Accounts. If Standard account
: where 1 lot = $100,000 use LotValue = 0, if mini account
: where 1 lot = $10,000 use LotValue = 1.

download Flyer EA (MT Expert Scripts)

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