Platform: MetaTrader 4
Year: 2024
Manufacturer: ARGO lab
License type: Freeware / Donateware
Timeframe: any
Advisor category: assistant/averager
This is not an advertisement, as you might think. This advisor performs very well. But remember, always test something new on demo accounts; only when you’re confident can you start trading on a real account.
New in version 3.0. A bug in filter BuySell is corrected. A bug in filter Ticket is corrected. Note: if you are using several copies of AA onthe same currency pair, they SHOULD HAVE DIFFERENT MAGIC NUMBERS.2. A bug of display of negative target profit in info panel is corrected.3. Added a flag for immediate closure of all orders CloseAllNow. Note: this flag closes all orders that are allowed byfilters + orders opened by EA. E.g., if BuySell = Buy, EA will close only Buy orders.4. Added a feature CheckMargin, which calculates how many grid levels can be opened with available margin. IfMaxDD, MaxDDPercent are set, the calculation will be done for the margin allowed for trading by these variables.5. Information panel now displays BuySell (when Buy or Sell), MaxDD, MaxDDPercent (when > 0), GridStepPips,LotMult, MaxGridLevels
Description of capabilities:
Auxiliary averaging advisor. Used for automatically averaging positions opened manually or by another advisor.
This advisor will help you work with an order pyramid.
The ArgoAverager advisor will allow you to significantly reduce the time spent at the monitor and increase the income from your trading.
The settings in this section select the orders that the advisor will average. With the default settings, the advisor will average all open orders for the given currency pair.
BuySell (Buy/Sell/All): Buy – average only buy orders; Sell – average only sell orders; All – average both buy and sell orders.
Ticket: Average only the order with this number. If 0, it is disabled.
Magic: Average only orders with this magic. If 0, disabled.
Grid parameters:
GridStepPips: grid step.
TakeProfitType (FixedTakeProfit/DistanceFromBE): selects the method for calculating the take profit.
- FixedTakeProfit – the take profit is calculated from the last market order (the order with the best price);
- DistanceFromBE – the take profit is calculated from the breakeven level.
TakeProfitPips: take profit.
LotMult: lot multiplier.
MaxGridLevel: the maximum number of allowed grid orders.
SetTPAtOnce (TRUE/FALSE): if TRUE, the advisor will set a common take‑profit for all open orders immediately; if FALSE, the advisor will set a common take‑profit after the first pending order enters the market.
These parameters enable the locking mode. If the maximum number of grid orders is open and the price has passed LockDistPips pips from the last order against the basket, the advisor opens an opposite order with a volume equal to the total volume of all open orders (fully locking the position) and removes all stop‑losses and take‑profits. As a result, the position becomes completely neutral, and the advisor is disabled.
UseLock (TRUE/FALSE): enable/disable the locking option.
LockDistPips: the distance for placing a locking order.
This function closes all orders when the maximum drawdown is reached.
MaxDD: Maximum allowable drawdown, in units of the base currency (if 0, disabled). If the open drawdown equals or exceeds the set threshold, all open orders are closed and trading is stopped.
MaxDDPerCent: The same as MaxDD, but expressed as a percentage of the deposit balance. For example, if MaxDDPerCent = 30, then trading will be stopped when the open drawdown reaches 30% of the balance. If it’s 0, then it’s disabled.
Additional parameters:
MagicEA: magic for averaging orders.
MagicLock: magic for locking order.
comment_color: text color in the information window.
box_color: background color in the information window.
colBE: breakeven line color.
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