Looking for a Lower Risk EA? Try out this EA today (See attachment for a FREE Copy!!!)
THREE EAs In One!!!!
This EA can trade 3 different Pairs.
EURUSD + GBPUSD
AUDUSD + EURUSD
EURUSD + USDCHF
The Automated EA program trades two currencies in a partial hedge formation using signals from three currency pairs at the same time. The program is a fully automatic program requiring no user interaction once set up on a chart of choice. The program closes the trade once the Profit Target in Overall Pips is met or when specially designed closing conditions are met.
Results may vary based on broker, broker fees and other market conditions. Due to the nature of the EA algorithmic calculations, the program is designed to be as efficient as possible thus you will not see a flashy display on the chart.
Note: I have a Premium Version that will allow Bigger Trades and MORE Trades for Sale at => https://www.mql5.com/en/market/product/117602 See the link for some results you can expect. This EA should trade on average of 10-50 trades a week but also depends on broker and settings used. This EA targets lots of small wins to help prevent large Drawdowns. Please try multiple brokers to find best results. A broker with low spreads and fast execution is ideal. Optimization Testing is needed to get better results, change TP, SL, and Strength variables for backtesting. Backtest results show show about a 60% win rate or higher, but actual win rate of the full trade (both pairs traded) should be over 90%. See Recommendations below on how to backtest. Message me with questions.
Parameters
- EAcom - note made on each trade to identify trades.
- Magic - magic number to identify trades by EA
- MaxOrders - Maximum Number of orders than can be open at one time, Minimum of 2, Maximum of 10. Recommend 4. Will open 2 at a time and open more if trade is still open if more signals are seen after TickCountSpacing Time period.
- FixedLotSize - fixed lot size per each pair in a trade.
- ClosePipProfit - Target in Pips to Close Trade in Profit. (Recommend setting of 1-2.5 Pips depending on broker).
- ClosePipLoss - Target in Pips for worst case Trade in Loss. (Negative Number Needed Here).
- TickCountSpacing - Minimum number of ticks between non-winning trades.
- SignalStrength - Recommended range of 0-10, higher value = stronger signal and less trades. Change in increments of 0.1 to 0.5 recommended.
- AutoTrade - Set to True to have EA trade.
- PairsToTrade - Choose the pairs you wish to trade. 1 = EURUSD + GBPUSD, 2 = AUDUSD + EURUSD, 3 = EURUSD + USDCHF.
- Pair1 - name of first pair, such as GBPEUR. Must match chart name if you have a prefix or suffix.
- Pair2 - name of second pair, such as EURUSD. Must match chart name if you have a prefix or suffix.
- Pair3 - name of third pair, such as GBPUSD. Must match chart name if you have a prefix or suffix.
Additional Protections Built into the Program Include
- A hard TP and SL price are set with each trade opened in the event of very large market swings or loss of connection with the broker’s server.
- When losses occur, the EA will delay between trades if market is taking wild swings.
Recommendations on Usage
- Run on the chart that has the most ticks, the EURAUD chart will generally see more ticks than the other pairs. Run Either on EURAUD or EURUSD chart.
- A timeframe does not matter, the EA uses ticks to trade.
- Start Risk small to watch program in action and determine if broker you are using will be profitable.
- Keep Risk low to protect your account from drawdown.
- Do not close trades over weekend as profit can be lost.
- Low spreads, low commission and high quality execution will help earn more profit.
- Minimum of $200 USD deposit on account to run.
- Run EA on its own account as it will use a large amount of margin per trade based on risk.
- Do not have any other trades open on the account while using this EA to avoid conflicts.
- If you have a commission on your account per trade and smaller spreads, then increase trade ClosePipProfit by that commission value.
- For Testing, I recommend increasing the TP value by 1 pip increments to find your optimal profit. Testing from 1-6.
- For Testing, I recommend changing the SL value by -20 pip increments to find your optimal SL level. Test from -40 to -80.
- For Testing, I recommend increasing the strength by 1 unit until you find one that works well with your broker. Test from 2 to 7. This is very broker dependent.
- If you want to test one of the strength variables at a time, set the other to 999. You can trade both individually by running two copies of the EA with different Magic numbers.