Dealers Trade v 7.51 RIVOT - MetaTrader 4 Expert - MT4/MT5 Resources
Dealers Trade v 7.51 RIVOT EA is based on the multi-hand scalping algorithm. The EA has been repeatedly tested on real accounts.
The opening direction is selected based on the RIVOT indicator line integrated into the EA. Only buy if the price is above the RIVOT line. If it is lower, sell accordingly. Next, the EA then opens positions, each subsequent position being 1.5 or 2 times larger than the previous one. This parameter is selected in settings. The interval between opening positions (in points) can be set in the EA parameters. The order batch will be closed when the last (closed by TP or trailing SL) position (by volume) reaches a positive result, regardless of the profitability of previously opened positions.
Generally speaking, the profit of the last order makes up for the losses of the previous open orders (if any), making the overall profit. The EA can work on any time frame, it is recommended to choose parameters for each currency pair. Attached is the actual test report.
Attachment download
📎 dealers_trade_v_7.51_rivot.mq4 (11.91 KB)
Source: MQL5 #7104
Dealers Trade v 7.51 RIVOT - MetaTrader 4 Expert - MT4/MT5 resource usage and screening suggestions
This content can be used as a data entry for foreign exchange EA, indicators, trading systems or quantitative strategies. When reading, it is recommended to make a judgment based on the platform version, trading type, time period, risk control method and historical discussion background. Do not use it directly based on the title or a single point of view.
If the content involves MT4/MT5, ForexFactory, MQL source code, TradingView indicators or strategy discussions, you can give priority to the parameter logic, backtest environment, market stage, execution cost and failure conditions, and then decide whether to continue downloading, reviewing or secondary development.
Risk warning
For any EA, indicator or automatic trading strategy, it is recommended to first conduct historical backtesting, simulation account verification and small capital testing. Grid, Martin, high frequency, recovery and examination strategies especially require setting the account risk upper limit, single variety risk upper limit and manual deactivation conditions.
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