Fishing 2 Expert Advisor | MT5 EA Download - MetaTrader 5 Resources

Fishing 2 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

A trading system that combines many different strategies. The EA has several trading modes.

Modes for opening positions and pending orders. Opening positions in the specified step.After the price passes the specified distance, 1 step up-sells, 1 step down-buys. Thus, a network appears that you close with your hands using the adviser's buttons or give the profit to the adviser's discretion by clicking the auto-trading buttons.

Opening a network of pending orders orders are opened depending on the settings. You can set any combination of buystop sellstop buylimit and sellimit orders.In the Upper part, set the size of the corridor at which all orders are deleted. network even if there is a market", then the EA will close all.

Opening pending stop orders that move behind the price opens pending buystop and sellstop orders and follows the price along the candle extremes. As soon as the price on the rollback catches the order, the next one is placed and also follows the price until it is triggered.

Trading mode during the news, set the distance from the price, 2 lines appear in the chart field, then set the time in seconds after which the adviser moves these lines behind the price. As soon as the price crosses the line, the EA opens a position (at this point, the opposite line stops). You can also set the moving step between orders in the settings. if the price continues to go further, the EA opens another position, ie creates a network based on the trend… Then everything is closed: either by profit, or by trawl, or by any other method that exists in the expert Advisor. If the price does not have time to close and turns around and opens orders in the opposite direction, then the overlap is activated. You can help the expert Advisor by moving the line with your hands. After opening a position, the lines are fixed and can only be moved by hand. Only buy positions are opened above the blue line, and only sell positions are opened below the red line. in the course of price movement, but also when the price is rolled back.

For example:The screenshot above shows a situation where the price goes up and 3 buy positions are opened sequentially, then the price rolls back down a step and the 4th buy position is opened. This 4 position can only be opened if this parameter is set to true. Mode without opening new positions (only support for already opened positions)

this mode is designed to support “other people's” positions opened by hands or other expert advisors.

Level of trade

In the expert Advisor, you can specify the levels between which positions can be opened. Levels are set separately for Buy and Sell positions.In the “from” field, set the lower price level, in the “to” field – the upper level. If it is specified to sell from 1.12345 to 1.15605, then only in this range will sales be made.

Modes for closing positions.

Closing positions in manual mode

Positions can be closed at any time. When you click the X buy button, all buy positions are closed. When you click the X sell button, all sell positions are closed.

Closing positions with a profit trawl

If the corresponding auto buttons are pressed, the closing occurs automatically when the specified profit is reached. The profit is set in the input field (to the left of the auto button).

Transfer of open positions to no loss

When the specified profit is reached by the order, its stop loss is transferred to its opening price plus the profit specified in the settings. After the transfer to no loss and the price rollback, this position is already guaranteed to close at zero or at the specified plus.

You can specify the transfer to no loss and simultaneously the entire series of one direction buy or sell.

Trailing stop loss of open positions

The trawl works in the beginning as a stop loss, but then as the profit increases, the stop loss follows the price in the direction of increasing the position's profit. In addition to the length of the trawl and the minimum profit in points, you can also set the trawl step. This is the number of points through which the stop loss will move.

Overlap of unprofitable positions at the expense of the profit of others

In this mode, the EA finds the most unprofitable long/short positions and tries to close them at the expense of the profit of other open positions. The overlap occurs on a counter, so in this case we also win a part of the spread.Buy Sell – choose which positions we are trying to close

In the loss field, specify the minimum loss in points so that the position with a smaller loss is not taken into account.} this button is used to close the farthest/closest buy together with the farthest/closest sell at once. Ie when it is pressed, we calculate the loss from two directions at once and close it with this in mind.Qty – how many unprofitable positions to close

Start – with what profit in the Deposit currency the trawl starts

Rollback – at what decrease in profit in the currency we close positions

Far – select the farthest unprofitable ones for search near – select the closest unprofitable ones for search

You can choose which positions” at the expense of buy “or” at the expense of sell ” to cover losses. If both directions are clicked at once, we use all the profit from the current profitable positions.

The expert Advisor uses the inverted closure to reduce the cost spread Some brokers prohibit this and an error occurs when closing 3. The error is not critical because after several attempts the EA will close orders in the usual way (not counter). To avoid such situations, I added a function that disables the counter-closing.

CloseBy = false;//allow counter closing (overlapping by counter positions). A more detailed description can be found in the Russian version of the page

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.