Standard Expert SXP 1.1 Expert Advisor

1. PURPOSE

The Standard Expert SXP 1.1 Expert Advisor is a set of professionally written programs in the MQL4 language for the TeleTRADER and MetaTRADER trading terminals. The Standard Expert SXP 1.1 advisor allows you to increase the efficiency and safety of trading, partially eliminate the human psychological factor from the game, and free the trader from the need for constant visual control of the order on the market. The Standard Expert SXP 1.1 Expert Advisor implements the classic trading principle, in which the price gates from the SL level to the TP level are discretely moved towards profit with a step equal to SL, which is specified in the input parameters of the Expert Advisor. Only the first step is equal to SL + 10.

2. ALGORITHM OF THE ADVISOR'S WORK Standard Expert SXP 1.1

The operating principle of the advisor is based on the classic trading mechanism, in which the price gates from the SL level to the TP level are discretely moved towards profit with a step equal to SL, which is specified in the input parameters of the advisor. For example, if SL = 30 points, then the first step is correspondingly 40 points. The order is closed in two ways, either by the SL level or by the TP level (in case of a sharp price spike). The Expert Advisor does not guarantee 100% profit on the market, but only allows you to maximize profits and protect the deposit in case of an unsuccessful entry into the market.

3. SET:

Program / document Purpose
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Expert_SXP_BAY.mq4 source code of the MQL4 advisor program for BUY
Expert_SXP_BAY.ex4 compiled EA working program for BUY
Expert_SXP_BAY_test.mq4 source code of the MQL4 Expert Advisor program for BUY for testing on the terminal strategy tester
Expert_SXP_BAY_test.ex4 compiled working program of the expert advisor for BUY for testing on the terminal strategy tester
Expert_SXP_SELL.mq4 source code of the MQL4 Expert Advisor program for SELL
Expert_SXP_SELL.ex4 compiled EA working program for SALE
Expert_SXP_SELL_test.mq4 source code of the MQL4 SELL advisor program for testing on the terminal strategy tester
Expert_SXP_SELL_test.ex4 compiled working program of the SELL advisor for testing on the terminal strategy tester
Technical description of the advisor Manual_Standard_Expert_SXP_1_1.doc

4. IF YOU ARE AN ADVANCED TRADER ...

4.1 For experienced traders, the terminal has a strategy tester. For such traders, there are test variants of the advisor modules: Expert_SXP_BAY_test, Expert_SXP_SELL_test. In these variants of modules, the software question about the need to buy or sell is disabled. The whole operation algorithm is left the same.
4.2 For programmers-traders, the author has specially included the source code of the advisor programs in the package. Based on these texts, you can build your own unique trading system, everything is in your hands!