Recruitment of participants Trading Chaos Expert MT5

Trading Chaos Expert MT5
V7.2

This software has no equals in the world and represents a universal trade "console" covering trading signals, automated market entry, setting of Stop Loss and Take Profit, as well as Trailing Profit for multiple trades at the same time in a single open window. Intuitive control of the Expert Advisor in "three clicks" ensures a comprehensive use of all its functions on different computers, including tablets PCs.

Interacting with additional signal indicators that mark the chart to give a real market picture, the Expert Advisor allows you to make the right choice and to be on the winning side in most cases. A built-in money management algorithm, as well as automatic calculation of the lot size, trading virtual orders, and a number of other "know-how" features will save the trader from the account collapse. It is not a "black box". It is, rather, a well thought out trader's assistant which is not easy to do without, having tried it in action at least once.



The EA represents a panel with a built-in functionality of a trading robot which automates market entries based on trading signals visually estimated by the trader in full accordance with Bill Williams strategies "Trading Chaos: Second Edition" and "New Trading Dimensions". The Expert Advisor identifies directed price momentum that can be used to trade in a fully automated mode on a specific symbol and time frame in a separate window, as well as on multiple instruments simultaneously.

It concurrently analyzes all trading symbols displayed in the MetaTrader 5 "Market Watch" window. Parameters of open positions and pending orders are stored in RAM. After restarting MetaTrader 5 and reconnecting, the Expert Advisor completely restores its logic and trading orders and continues managing open positions.

It consists of two interconnected panels. The "signal panel" is displayed directly on the chart. The main functions of the signal panel are:

• 
  
  
  • Analysis of indicator data and bar (candle) patterns on a selected time frame and trading signal display in the signal table.
  • Selection of the trading signal display mode and grouping of signals by type.
  • Selection of the time frame for the purpose of getting trading signals and trading.
  • Opening (closing) of the "Trading panel".
  • Opening a chart for the required symbol and time frame in a single window.

The Expert Advisor can recognize the following major trading signals by strategies and mark them in the signal panel as follows:

1. 
   
   
   • "First Wise Man" signal, bullish (bearish) divergent bar (BDB) with angulation, including SQUAT bars. This is the first-ever formalization and implementation of the concept of angulation in MT5. The search for reversal bars is based on robust algorithms. You will always get a signal on the forming SQUAT bar with signs of reversal, as such bars can reverse the market in 85% of cases. However not every SQUAT bar is reversal. It has a measurement function. A particularly strong reversal signal appears in the AO indicator divergence zone, which you will also be able to see in the panel.
   • "Second Wise Man" signal. “Blue Light Special” signal is an improved "Second Wise Man".
   • "Third Wise Man" signal is a formation and breakout of the 'important' fractal. The Expert Advisor identifies important fractals lying outside the Alligator's jaws using three distinct reliable algorithms. A fractal breakout is considered to be the start of a directed impulse wave.
   • 'Waves' is an Awesome Oscillator histogram divergence signal.
   • 'Infinity' is represented by "Saucer" buy and sell signals. This signal indicates the transition of a currency pair in a directed motion after a period of correction presumably into the third wave or a wave C.
   • 'Cross' is a signal of Awesome Oscillator histogram crossing the zero line. "Blue Light Special” is an improved signal of such crossing.
   • Trend start signals (TSS) are marked in the signal table using yellow and gold crosses. The trend start signal appears upon opening of the Alligator's jaws, i.e. when the distance between the red and blue indicator lines increases after intertwining. The upper histogram of Gator Oscillator grows after a period of occurrence or a color change from red to green. This signal intensifies other trading signals in the strategy, both toward the main trend, and in the opposite direction.
   • 'Star' is a breakout of a 20-period Donchian channel. The Expert Advisor uses the MultiRange_PCH indicator with the period of 20. This indicator is available free of charge. Download it, copy to the clipboard, then go to the MT5 terminal, click "File" - "Open Data Directory" - "MQL5" - "Indicators" and save the file to this folder. After restarting MT5, it will appear in the list of available indicators in the "Navigator" window. Add it to the chart. You will be able to see the breakout of the 20-period channel, which indicates a possible flat range breakout and the start of the directed movement - trend.
   • By clicking on the 'Hand', a trader can manually place a pending virtual Stop order, set virtual Stop Loss and Take Profit, or open a position at market prices at any time without any signal. The Expert Advisor will then start trailing the profit. If the position is already open, you can click on the 'Hand' to modify Stop Loss, Take Profit, as well as the Trailing Stop method.
   • Highlighting of the time frame is a special signal that determines the presence of directed impulse in the market, i.e. a formation of a special graphic zone whereby you should receive any trading signals for the given strategy to enter the market in the direction of the price movement on a particular time frame. Signal is set up as follows. The price breaks above the 20-period channel. The Awesome Oscillator crosses the zero line in the breakout direction. Fractal is formed outside the Alligator's jaws. After the fractal formation, the Time Frame button is highlighted in the relevant color. A click on the Time Frame button opens the trading panel that allows you to automate the market entry based on the first performed signal in the direction of the impulse. A trader only needs to click "Apply". "Saucer"-based market entries are especially good under such circumstances, i.e. presumable transition of the price into the third wave or a wave C. After pressing the "Apply" button, the time frame icon is outlined, indicating that the EA is ready to enter the market using trading signals.

Different colors of pointers marking signals allow you to see whether a signal has already been or is just being formed. Light tones of the icons suggest the future signal on active period. Dark tones indicate that there is a formed signal on closing. Filled icons mean that the breakout of the signal level is taking place. After entering the position, the name of the currency pair in the signal table changes its color. If the pair is sold, the name is displayed in red, if it is bought, it is shown in green.

The preliminary signal reflection function gives time to the trader to visually examine the signal for being in full accordance with the strategy, check how the signal fits into the market picture on a senior period, calculate the targets based on wavelengths and to place a pending virtual Stop order for entry, as well as a Stop Loss well in advance by means of the Expert Advisor, by clicking on the "Apply" button. If the preliminary signal does not come off on a closed period, the Expert Advisor will independently stop the signal monitoring and not enter the market.

dll msimg32