Central Core Expert Advisor - Comprehensive Guide

Overview

Central Core is a sophisticated Forex EA that combines envelope indicators with moving average analysis to identify high-probability trading opportunities. The EA uses pending stop orders to enter trades when price breaks through dynamic support/resistance levels.

Key Features

Envelope Breakout Strategy: Uses iEnvelopes indicator to identify trading ranges

Moving Average Filter: Additional MA confirmation for trade direction

Advanced Risk Management: Adjustable stop loss, spread filters, and money management

Time Filter: Allows trading only during specified hours

Spread Monitoring: Avoids trading during high spread conditions

Optimal Settings

// Trade Settings

extern int Filter = 150;              // Minimum price range filter (in points)

extern int StopLoss = 60;             // Stop loss in pips

extern double MinLots = 0.01;         // Minimum lot size

extern double MaxLots = 100000.0;     // Maximum lot size

extern double Risk = 10;              // Risk percentage per trade

extern double FixedLots = 0.01;       // Fixed lot size if not using MM

// Indicator Settings

extern int Env_period = 5;            // Envelope period

extern double Env_deviation = 0.02;   // Envelope deviation (2%)

extern int MAPeriod = 15;             // Moving average period

extern int MAMethod = 1;              // MA method (0=SMA,1=EMA,2=SMMA,3=LWMA)

// Risk Controls

extern double MaxSpreadPlusCommission = 12; // Max allowed spread+commission

extern int Distance = 30;             // Trailing stop distance

How It Works

Calculates upper/lower envelopes and moving averages

Waits for price to break through envelope boundaries

Places pending stop orders beyond the breakout point

Uses MA direction to confirm trade bias

Implements trailing stops and spread filters

Manages trade size based on account balance or fixed lots

Trading Logic

Buy Signal: When price breaks above upper envelope and MA confirms uptrend

Sell Signal: When price breaks below lower envelope and MA confirms downtrend

Filter: Only trades when price range exceeds Filter setting (avoids flat markets)

Money Management Options

extern bool UseMM = TRUE;  // Enables/disables money management

// When UseMM=TRUE:

// Lot size = (AccountBalance * Risk%) / (MarketInfo LotSize)

// When UseMM=FALSE:

// Uses FixedLots value

Time Filter Configuration

extern int StartHour = 0;    // Trading start hour (0-23)

extern int StartMinute = 0;  // Trading start minute

extern int EndHour = 23;     // Trading end hour

extern int EndMinute = 59;   // Trading end minute

Recommended Usage

Best Pairs: EURUSD, GBPUSD, USDJPY (major pairs with good liquidity)

Timeframe: H1 or H4 (works on M15 but requires optimization)

Account Type: ECN accounts recommended (lower spreads)

Broker Requirements: Fast execution, minimal requotes

Slogan

"Central Core - Precision Trading at the Heart of Market Movements!"

Important Notes

Requires proper backtesting and optimization before live use

Works best in trending market conditions

Includes spread monitoring to avoid unfavorable trading conditions

Consider adjusting envelope deviation based on market volatility

Always test with small lots first in live environment