Regal Spear MT4 V1.1

Fully automatic trading robot Regal Spear is the result of many years of monitoring the behavior of the market. Analyzing the received data, I came to the conclusion that it is necessary to give all the available information to some automatic system, which will estimate a possibility of market entering at one moment of time or another by itself.

The result of this work was the creation of a neural network template that can be launched in various market conditions and receive ready-made trading systems.

This Expert Advisor – Regal Spear – is one of the systems that I received in this way. That is, my neural network template found it by itself, and I only had to correct it. And now I want to share this find with you!

Not martingale, not grid, not arbitrage.

“Set and forget” system, no user participation required.

Broker and deposit

Currency pairs, timeframe, terminal

Trading on EURUSD is recommended.

Timeframe – М5.

Terminal – MetaTrader 4.

Parameters

• AutoLot – if “true”, the EA chooses lot size for trading by itself, depending on account balance.
• Lots – lot size is set by a user, if AutoLot=”false”.
• Risk – percentage of a deposit, used for the automatic calculation of the lot.
• DD – the maximum drawdown as a percentage of account balance, at which all positions of the EA on current currency pair will be closed.
• SafeTrades – if “true”, the EA will use safer market entry points.
• Visible_TP_SL – if “true”, TakeProfit and StopLoss levels will be visible for broker.
• AutoTakeProfit – if “true”, the EA will determine TakeProfit value by itself.
• TakeProfit – TakeProfit value in points. If “0” – disabled.
• StopLoss – StopLoss value in points. If “0” – disabled.
• TrailingStop – TrailingStop value in points. If “0” – disabled.
• PendingOrders – if “true”, the EA will use pending orders, when possible.
• OrdersMaxNumber – maximal number of simultaneously opened orders.
• ZeroPositions – if “true”, the EA will open positions only if there are no other open positions on the trading account.
• MaxSpread – maximal value of spread for the EA to open positions.
• VirtualSpread – if “true”, additional control of the spread will be carried out by modeling it.
• Direction – allowed types of orders.
• CommentOfOrder – comment to orders. Can take any value.
• EAidentifier – identifier of the EA, which allows it to distinguish its positions from others.
• Lasting of positions in minutes – maximum holding time of an open position, in minutes.
• WaitForProfit – if “true”, the EA will try to wait for the position to become profitable, regardless of the “Lasting” parameter.
• EndOfMonthStop – if “true”, the EA will stop trading at the end and beginning of a month.
• InformationPanel – if “true”, the information panel will be displayed on the chart of the traded pair.
• Panel_Language – language of the information panel.
• TextColor – font color of the information panel.

Default parameters are for EURUSD.