Hey everyone,
I wanted to share this EA with you all because I believe it's more beneficial to put it to use rather than letting it gather dust in my archive.
I've got several versions of this EA running live, but this particular one can also be profitable once you've nailed down the right settings and pairs. It even works with Offline Renko charts.
While it might not be the absolute best out there, you can rely on it to consistently generate earnings since it's 100% automated. Consider it my way of giving back to the community.
This EA is inspired by:
https://www.forexfactory.com/thread/...lping-strategy
The concept:
Trade will start once the distance of price to MA reach a certain pip value after candle closed.
All open trades will close once price hit the MA.
EA will open succeeding trades based on specified pips distance from the previous trade.
After numerous backtest we then get the ideal and consistent setup that keeps repeating itself.
We also get the likely drawdown incase of extreme market condition and this is where we based the equity stoploss.
In this setup we have EURUSD - M30
Fixed lot at 0.01
Max drawdown is $170
8years of 99.9% quality backtest with variable spread 
With the right compounding and big starting capital, you can maximize the potential while running it on different pairs.
Please don't run this live unless you understand how it works.
The given set file is only for EURUSD M30. You need to research other pairs if you want to use it other than EURUSD.
(Important: Test done without variable spread is useless)
I wanted to share this EA with you all because I believe it's more beneficial to put it to use rather than letting it gather dust in my archive.
I've got several versions of this EA running live, but this particular one can also be profitable once you've nailed down the right settings and pairs. It even works with Offline Renko charts.
While it might not be the absolute best out there, you can rely on it to consistently generate earnings since it's 100% automated. Consider it my way of giving back to the community.
This EA is inspired by:
https://www.forexfactory.com/thread/...lping-strategy
The concept:
Trade will start once the distance of price to MA reach a certain pip value after candle closed.
All open trades will close once price hit the MA.
EA will open succeeding trades based on specified pips distance from the previous trade.
After numerous backtest we then get the ideal and consistent setup that keeps repeating itself.
We also get the likely drawdown incase of extreme market condition and this is where we based the equity stoploss.
In this setup we have EURUSD - M30
Fixed lot at 0.01
Max drawdown is $170
8years of 99.9% quality backtest with variable spread
With the right compounding and big starting capital, you can maximize the potential while running it on different pairs.
Please don't run this live unless you understand how it works.
The given set file is only for EURUSD M30. You need to research other pairs if you want to use it other than EURUSD.
(Important: Test done without variable spread is useless)
.
