Digger | Foreign exchange EA download - MT4/MT5 resources | MT5 EA download - MetaTrader 5 resources

Hello, I would like to share my excavator with you.

You can read some information about him here: https://www.forexfactory.com/thread/...8#post13994978.

I have been using it for more than half a year, and so far the profit it has brought me every month is at least 2%-10%... sometimes even up to 30%

I invented and wrote it myself. I put hundreds of hours and thought into it.
The code is written in MQL5, it's not top of the line for ideal coding, but it works and I'm constantly improving it.

I share it with you, without any obligation, except for three requirements

1. You use it at your own risk
2. How would you use it, share your thoughts here
3. How would you modify it please share the changed code and new version with us

The version attached here is the complete version of the signal, but a simplification of MM .
My MM system is in a separate external software and I'm still developing it.
However, there is nothing special except smart stops, portfolios and risk management for expected profits

Looking for setup ideas:
1. Trend
2. Price impact in trend direction
3. Callback (callback)
4. to refuse something
5. Profit

As a pullback/retracement I'm looking for something like this

A typical field setup looks like this



More detailed rules (classic settings)

Timeframe: M30 or H1 (I started with M30 and got great results, but recently started using H1)

Buy <br> Trend: The entire fractal is above EMA13 Price Action:
a) The three candles on the left side of the fractal are rising, but hh does not cross the hh of the fractal
b) The five candles on the right side of the fractal (consolidation) hh do not exceed the hh of the fractal, but at the same time ll does not exceed EMA13
Entry: After the close of the fifth candle
SL (Classic): Highest hh in consolidation
TP: 2RR or Fractal HH

Sell <br> Trend: The entire fractal is below EMA13 Price Action:
a) The three candles on the left side of the fractal are trending downward, but ll does not cross the ll of the fractal
b) The five candles on the right side of the fractal (consolidation) ll do not exceed the ll of the fractal, but at the same time hh does not exceed EMA13
Entry: After the close of the fifth candle
SL (Classic): Lowest LL in Integration
TP: 2RR or Fractal LL

Note that this is one of the setting definitions, the classic one that started it all. You will notice that it is the price compression between EMA13 and the HH/LL fractal that creates something like a flag pattern.

The included version of Digger gives you even more variations on this setup.

My observations on testing various systems (and Digger)
1. It is easier to find a better entrance, but it is difficult to find a good exit.
2. The performance of this setup and its win rate depend heavily on the Stop Loss/Take Profit distance and only partially on the entry point.
3. According to MM, the most important thing to me is:
a) For portfolio trading, I use 30 instruments
b) Consciously and dynamically manage exposure (risk)
c) Only trade the instrument when it is most cost effective. I formulated the formula: Position Efficiency = PositionPlannedMargin / (PlannedProfit - SpreadLost).
d) Manage expected profit and adjust EA according to 3b
e) Setting conditions works like filters, so overall by increasing the quality of settings we limit the quantity
f) It should be noted that there should be a little freedom in the settings, some filters are disadvantageously combined with others

Open Excavator (MQL5 only)


You can use it not only as a signal provider but also for automated trading

I don't promise you the development of Digger and a lot of activity in this thread, as I barely have time to do everything. Discussions and reflections are welcome and I will try to reply to them regularly.