Sl-Stoporders Expert Advisor | MT5 EA Download - MetaTrader 5 Resources

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Sl-Stoporders Expert Advisor review and download instructions

This article organizes EA related to CMillion Expert Advisor. The content has been removed from the Russian language and external website promotion information, and has been reorganized according to the common concerns of foreign exchange EA users, making it easier to judge whether it is suitable for real trading or testing environments.

strategic positioning

This type of EA is usually used in automated trading scenarios of MT4 or MT5. Before formal use, you should first confirm the trading variety, cycle, spread, slippage, leverage and broker execution conditions to avoid directly treating a single historical performance as a future profit expectation.

Testing recommendations

It is recommended to test separately in a demo account and a small capital account first, focusing on observing the maximum drawdown, continuous losses, holding time, news market performance, and the sensitivity of parameters to different market stages.

Key points of English page

At the start, the EA places two pending stop orders, forming a channel. If one order is triggered, then the second one is reset to its SL with an increase in the lot. When the TP is triggered, the Expert Advisor starts the cycle from zero.

Optimization of the Expert Advisor on forex-testing the Expert Advisor on various settings to increase its profitability and efficiency. Trading conditions, as you know, change periodically, so the Expert Advisor needs to be reconfigured periodically. Optimization can be performed directly in the MT4 or MT5 terminal

It makes no sense for us to optimize the volume of orders (Lot). It is easier to install it immediately in accordance with the size of your deposit. For example, for a deposit of less than 500 usd, we set the minimum lot 0.01

The size of the lot increase (Plus_Lot ) is set depending on the initial lot size. We will take the starting value 10 times less, the increment step is the same and the maximum value is equal to Lot 0.01 step = 0.01 stop 0.1

The lot increase coefficient (K_Lot ) is usually taken in the range from 1 to 4. In this case, I would recommend taking from 1.5 in increments of 0.5 to 2.5;

Distance to stop orders (LevelStop ) we measure it in points and for 5 digit quotes I take 50/50/500. For 4 digits, respectively, you can take 10 times less than 5/5/50

Exactly the same selection criteria are used for the following two parameters Stoploss and Takeprofit

Magic and Slippage do not need to be optimized

Pay attention to the optimization checkbox, if it is not selected, there will be only one run through the settings from the first column! For MT4, it is also necessary to update the quotes beforehand (press F2 and upload the history for the desired pair and TF) Then run the optimization and wait

We get a table of results:

We choose the most suitable of them and conduct a single test with the found parameters. If everything suits us, we save the parameters in a set file and use it on real trading!

Risk warning

EA cannot eliminate market risk. Grid, martin, scalping, arbitrage, and high-frequency strategies are particularly dependent on the trading environment. Stop-loss logic, order quantity limits, and capital occupation under abnormal market conditions should be separately evaluated before placing a firm offer.