Forex Legend Expert Advisor Forex Robot
Forex Legend Expert Advisor Description
Forex Legend Expert Advisor 2 extraordinary strategies combine to form one easy to use professional trading system
Strategies designed specifically for long term sustainability
Targets a larger number of pips avoiding broker manipulation ( Pip expectancy over 20 pips! )
Entry and exit logic operates on Bar Close only. This filters market noise, dramatically speeds up optimizations, avoids stop loss hunting, and ensures proper operation at any broker with a reasonable spread
No short term risky strategies ( scalping, martingale, grid )
Sophisticated exits working together include broker decoy and safety stops, virtual (stealth), trailing, breakeven, partial closings at multiple exit targets
Multiple safety features to keep your account safe from power outages, internet outage or disconnect, broker context busy, platform freeze, and much more
Strategy One
Enable Strategy 1 – Set true to enable
Use Money Management – Select true to use automated lot sizing
MM Risk Setting 1 – Risk Setting for Money management
Lot Size – Fixed Lot size
Max Open Positions – Max Positions for strategy 1
Fast Period – Period of bars for fast measurement
Slow Period – Period of bars for slow measurement
Volatility Factor – Factor for volatility calculation
MA 1 Period – Moving average 1.
MA 2 Period – Moving average 2.
MA 3 Period – Moving average 3.
Target Profit – Virtual (Hidden) Target Profit pips
Stop Loss – Virtual (Hidden) Stop Loss pips
Trailing Stop – Virtual (Hidden) Trailing Stop pips
Break Even Activation Pips – Price must be this far into profit for breakeven activation
Pips to Lock In – Pips to lock in
Broker Target Profit S1 – Set to a number slightly larger than Virtual Target Profit. Sending hard exits to the broker serves a dual purpose as both a decoy and safety mechanism
Broker Stop Loss S1 – Set to a number slightly larger than Virtual Stop Loss.
Use Partial Close – Set to true to close positions at multiple exit targets
Position Percentage to Close – Percentage to close at each target
Min Profit Pips – Minimum amount of pip before first exit
Pips Between Closings – Number of pips into profit between closings
Max Gap Allowed – If Price Gap exceeds this number of pips trading will be paused
Hours to Pause After Gap – Trading will be paused this many hours after price gap
Magic Number S1 – Use a unique number for each strategy on every instance of Legend
Strategy Two
Enable Strategy 2 – Select true to enable strategy two
Use Money Management – Select true to use automated lot sizing
MM Risk Setting 2 – Risk Setting for Money management
Lot Size – Fixed Lot size
Sample Period – Number of bars for support/resistance algorithm
Look Back Period – Number of bars scanned
Order Offset (Pips) – Entry orders offset
Target Profit – Virtual (Hidden) Target Profit pips
Stop Loss – Virtual (Hidden) Stop Loss pips
Trailing Stop – Virtual (Hidden) Trailing Stop pips
Break Even Activation Pips – Price must be this far into profit for breakeven activation
Pips to Lock In – Pips to lock in with breakeven activation
Broker Target Profit S2 – Set to a number slightly larger than Virtual Target Profit. Sending hard exits to the broker serves a dual purpose as both s a decoy and safety mechanism.
Broker Stop Loss S2 – Set to a number slightly larger than Virtual Stop Loss.
Use Partial Close – Set to true to close positions at multiple exit targets
Position Percentage to Close – Percentage of the original position to close at each target
Min Profit Pips – Minimum amount of pip before first exit
Pips Between Closings – Number of pips into profit between closings
Magic Number S2 – Use a unique number for each strategy on every instance of Legend
Universal Variables
Use Trading Hours – Set true to use trading hours
Hour to Start Trading – Hour to start (GMT time)
Hour To Stop Trading – Hour to stop (GMT time)
Friday Exit Hour – Hour to stop trading on Friday and exit trades. (broker time)
Sunday
Monday
Tuesday
Wednesday
Thursday
Friday
Trade NFP Friday
Trade Thursday Before NFP
Trade Christmas Break
Day To Begin X-mas Break
Trade New Years Holiday
Day To Return after Break
Transparent Display – Set true for transparent display
Trade Comment – Comment to be sent with trades
Order Expiration Minutes – Pending Order Expiration Minutes 0 = Never expires
