Description
No optimization is necessary; the best options are set as default.
Main features of the EA:
There is no Grid or Martingale.
Standard TP/SL ratio
Stop-loss orders for each trade
Capital risk management
User-friendly expert advisor
Advanced Fibonacci Strategy
Default Optimized Settings
Simple installation using drag-and-drop.
A full-service forex system that manages all elements of automatic trading.
Live signals: Check mql5 signal.
Link to MT5 version: https://www.mql5.com/en/market/product/90520
EA Parameters:
Symbols setting
- symbols = Name of the pairs on which you wish the bot to trade
- symbol suffix = A string to be appended at the start of a pair name
- symbol prefix = A string to be added at the end of a pair name
Performance
- balance risk % = The percentage of the balance that will be used for each deal
- minimum lot size = The minimum trading lot size
- maximum lot size = The maximum trading lot size
- trade on Friday = Puts a stop to all trade on Friday
Bot identification settings
- magic number = A special value associated with each position this EA takes
- order comment = If desired, write a brief comment to the orders
Martingale main settings
- Turn on Martingale = This option activates the martingale.
- Method for calculating TP for martingale* = You may select how to set the TP of martingale orders using these inputs
- Set on average of all TPs = Establish the closing level in the average of all TPs *
- Set all TP at initial TP = Put every TP at the final order TP level
- Set TP on previous order open price = TPs are set to the last order open price
- Distance of previous order open price = Set the TP in percentage terms from the last order open price and the current price
Continue Martingale base on signal settings
- Only continue Martingale when signal comes = This option uses the RSI to determine when to begin new trades
- Timeframe_rsi_martingale_signal = RSI timeframe setting
- RSI period = Period of RSI for filtration
- RSI low value = Low filter value level for RSI
- RSI high value = High filter value level for RSI
- Reverse RSI = In this case, the high and low numbers are reversed
Profit calculation setting for Martingale
- Profit type = How much money you’ll make after all martingales are closed. where you can select whether it’s in percent of the balance or in US dollars
- Profit (USD) after closing Martingale positions = If you choose USD, the profit is calculated using this number
- Profit (% of balance) after closing Martingale positions = If you choose % of balance, this amount is used to determine the profit
Recommendations:
- Recommended pairs: AUDNZD, USDCAD, CHFJPY, CADCHF, GBPCAD, GBPCHF
- Recommended setting: Run the expert on AUDNZD H1 chart
- Recommended Lot and Risk: 1%.
- Brokers: all brokers offering these 6 recommended forex pairs.
- Minimum capital: 1000 USD
- Minimum leverage: 1:30 or higher with a specific setting
Future success is not always assured by past success. This EA does not make predictions about the future; rather, each trading robot is built on the foundation of manual mass testing and extensive back testing using historical data.