I am posting my PowerSM EA and my PowerSM Calculator for those who have followed the thread by FXTradepro on the forum. For those who are a little disheartened after finding out you had to pay to use his FXTradepro EA, this is for you. Below is the link to the thread to get familiar with the concept. Please read over first if you have not used the EA before.
FXTradepro: Strategy using a “Semi-Martingale” Position Sizing
Before I start, I want to say I am not disrespecting or in any way discrediting FXTradepro for his efforts because I feel he has a very profitable tool for the traders to use. In my own opinion, I feel you should never post something for free only to wet a persons appetite, then bring people to your site and start charging you to use your product, that's all I'm going to say about that.
Also, I will only be posting the EX4 file since I have, out of my own pocket, personally paid to have this EA made to my specifications and plan to commercially market this outside of this forum (don't worry, the EA will be free to all forum users!). For those who want more info can pm me but I will not advertise it here on the forum. The EA itself will have an expiration date one year from today's date for those who would like to use it to trade with or to demo it with other settings to use on other pairs (This is for repaying those who have helped me on this forum and I do not expect or will accept payments, donation, or any other form of compensation for this, it is for you guys to use as you wish!). After the first year I will post a new EA with a one year expiration on it to keep some sort of control on it.
For those who have not seen or used this EA, it is simple and straight forward. The EA opens a trade in three different ways
1.) With the Time and Price entry set to false the EA will open a trade on the next tick.
2.) With the Price entry set to true you can have the EA open trades starting at a set price point.
3.) With the Time entry set to true you can have the EA open trades at a certain time (my preference).
The EA will open the first trade above and either a) hit the take profit level you set or b) hit the stop. When a stop is hit a trade is immediately entered in the opposite direction with the next lot progression up to 24 progression levels. The link above will give you more details about the trading aspect of the EA.
Some changes I made to fit want I wanted the EA to do is:
a.) There is no longer a hibernation function.
b.) The Time entry was modified to also have a stop time for those who want the EA to trade during more volatile hours, for example from London open at 08:00 GMT to London close at 17:00 GMT.
c.) I have added a Breakeven function where you can move the stop after "X" number of pips. This does sometimes affect your total profit when hit as you do not lose money when you stop is hit once you stop is moved. I will explain this a little later in the thread.
d.) I have also added also added extra functions like the ability to add an expiration date and to be able to code the EA to use specific account numbers (This is only activated on the commercial end for those who manage multiple accounts for their clients and for those outside the forums who only want to lease it).
I will also post my demo statement daily to show the trade progress starting with yesterdays sequence on EUR/USD. I will only show the trades for that day as not to clutter up the statement. I will also be testing it out on USD/JPY and USD/CHF starting this morning using similar take profit and stop levels.
FXTradepro: Strategy using a “Semi-Martingale” Position Sizing
Before I start, I want to say I am not disrespecting or in any way discrediting FXTradepro for his efforts because I feel he has a very profitable tool for the traders to use. In my own opinion, I feel you should never post something for free only to wet a persons appetite, then bring people to your site and start charging you to use your product, that's all I'm going to say about that.
Also, I will only be posting the EX4 file since I have, out of my own pocket, personally paid to have this EA made to my specifications and plan to commercially market this outside of this forum (don't worry, the EA will be free to all forum users!). For those who want more info can pm me but I will not advertise it here on the forum. The EA itself will have an expiration date one year from today's date for those who would like to use it to trade with or to demo it with other settings to use on other pairs (This is for repaying those who have helped me on this forum and I do not expect or will accept payments, donation, or any other form of compensation for this, it is for you guys to use as you wish!). After the first year I will post a new EA with a one year expiration on it to keep some sort of control on it.
For those who have not seen or used this EA, it is simple and straight forward. The EA opens a trade in three different ways
1.) With the Time and Price entry set to false the EA will open a trade on the next tick.
2.) With the Price entry set to true you can have the EA open trades starting at a set price point.
3.) With the Time entry set to true you can have the EA open trades at a certain time (my preference).
The EA will open the first trade above and either a) hit the take profit level you set or b) hit the stop. When a stop is hit a trade is immediately entered in the opposite direction with the next lot progression up to 24 progression levels. The link above will give you more details about the trading aspect of the EA.
Some changes I made to fit want I wanted the EA to do is:
a.) There is no longer a hibernation function.
b.) The Time entry was modified to also have a stop time for those who want the EA to trade during more volatile hours, for example from London open at 08:00 GMT to London close at 17:00 GMT.
c.) I have added a Breakeven function where you can move the stop after "X" number of pips. This does sometimes affect your total profit when hit as you do not lose money when you stop is hit once you stop is moved. I will explain this a little later in the thread.
d.) I have also added also added extra functions like the ability to add an expiration date and to be able to code the EA to use specific account numbers (This is only activated on the commercial end for those who manage multiple accounts for their clients and for those outside the forums who only want to lease it).
I will also post my demo statement daily to show the trade progress starting with yesterdays sequence on EUR/USD. I will only show the trades for that day as not to clutter up the statement. I will also be testing it out on USD/JPY and USD/CHF starting this morning using similar take profit and stop levels.
Attached File(s)
I put in my normal timed entry at 6:00 GMT and let her ride and went all the way to the 24th entry! Luckily price went my way and it closed out for a nice profit of $1579.88. 
Anyone with any other ideas or options? 
