Aurora EA - Comprehensive Guide

"Trade Smarter, Not Harder – Let Aurora Light Your Path to Profits!"

🔹 Overview

The Aurora EA is an advanced Forex trading expert advisor developed by R.KH 1001. It combines price action analysis, candlestick patterns, and risk management to execute trades automatically. The EA is designed to work on multiple currency pairs and timeframes, with features like martingale, trailing stop, and time-based trading filters.

🔧 Key Features

✅ Multi-Timeframe Analysis (M1, M5, M15, M30, H1, H4, D1)

✅ Martingale & Lot Multiplier (Controlled risk management)

✅ Trailing Stop & Take Profit (Dynamic profit locking)

✅ Time-Based Trading Filters (Avoid trading during high-impact news)

✅ Pinbar & Candlestick Pattern Detection (Reliable entry signals)

⚙️ EA Settings & Configuration

1. General Settings

MagicID = Unique trade identifier (Default: 12345678)

LOTS = Base lot size (Default: 0.01)

Max_OP = Maximum open positions (Default: 5)

SL = Stop Loss in pips (Default: 500)

TP = Take Profit in pips (Default: 150)

2. Money Management (MM)

LotMultiply = Martingale multiplier (Default: 1)

risk = Risk percentage (Default: 100 – Fixed lot if 0)

UseTralling = Enable trailing stop (Default: false)

TrallingStart = Trailing start in pips (Default: 10)

LockProfit = Lock profit distance in pips (Default: 5)

3. Time-Based Controls

UseTimeFilter = Enable time-based trading (Default: false)

Start = Trading start time (Default: 00:00)

End1 = Trading end time (Default: 15:00)

4. Trading Logic

OP_BySignal = Trade by signal (ON/OFF)

Jarak_OP = Distance between averaging trades (Default: 50 pips)

Close_Signal = Close opposite trades on new signal (Default: false)

📊 Trading Strategy

The EA uses pinbar patterns, WPR (Williams %R), and AO (Awesome Oscillator) for trade signals:

Buy Signal:

Bullish pinbar detected

Price above support level

WPR & AO confirm uptrend

Sell Signal:

Bearish pinbar detected

Price below resistance level

WPR & AO confirm downtrend

Martingale Strategy

If a trade loses, the next trade’s lot size increases by the LotMultiply factor.

Jarak_OP determines the distance between martingale trades.

📌 Important Notes

⚠️ Risk Warning: Martingale can increase drawdown. Use proper risk management.

⚠️ Backtest First: Always test in a demo account before live trading.

⚠️ Broker Compatibility: Works best with low-spread ECN brokers.

📜 Developer & Source

Developed by: R.KH 1001

Source: RoboMQL (https://www.robomql.com)