AW BW strategy based MT5

Overview of AW BW Strategy Based MT5

The AW BW strategy based MT5 is a fully automated trading robot designed to execute trades based on a combination of indicators developed by Bill M. Williams. This strategy incorporates several key features and settings to optimize trading performance across various market conditions.

Key Features

• Automatic lot calculation
• Trailing system
• Stop loss
• Averaging function
• Flexible settings for various trading scenarios

Indicators Used

• Alligator: Displayed as three moving averages on the chart
• Fractal Indicator: Shown as up or down arrows
• Awesome Oscillator (AO)
• Accelerator Oscillator (AC)

Market Entry

The advisor receives a signal when the fractal indicator is broken. If the price breaks through the level of the previous fractal, it indicates a potential trade:

• Downward breakout: Sell signal
• Upward breakout: Buy signal

This signal is then confirmed by the Alligator indicator and further validated by the AO and AC oscillators. Only after all confirmations, the advisor opens a trade.

Trade Management

Once a trade is opened, the AW BW strategy employs several mechanisms to manage the position:

• Trailing Stop: Activates if the position moves in a profitable direction
• Averaging: Applied if the position moves into a loss-making direction
• Virtual Stop Loss: Works from the breakeven price for the entire basket of orders

Input Variables

The advisor offers a range of input variables to customize the trading strategy:

• Size of the first order
• Enable Autolot calculation
• Autolot deposit per 0.01 lots
• Alligator settings: Jaw Period, Jaw Shift, Teeth Period, Teeth Shift, Lips Period, Lips Shift, MA Method, Applied Price
• Averaging settings: Use averaging, Multiplier for size of orders, Step for grids
• Take Profit settings: Trailing Start, Trailing Step
• Stop Loss settings: Stop Loss (0-not use)
• Protection settings: Maximum slippage in points, Maximum spread in points, Maximum size of orders, Maximum number of orders, Enable One order per bar filter

Advantages

• Suitable for any type of instruments and timeframes
• Configurable indicators in the input settings
• Automatic calculation of trading volumes
• Pluggable averaging
• Built-in trailing system and StopLoss
• Adjustable scenarios for the advisor

Conclusion

The AW BW strategy based MT5 is a robust and versatile trading robot that leverages the power of Bill M. Williams' indicators to provide reliable trading signals. With its comprehensive set of features and customizable settings, it is well-suited for traders looking to automate their trading strategies and manage risk effectively. 🚀📈