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Consistent Gains with EA Avtoforex: Test and Evaluate Results
And this has given consistent results. Always wins little, but wins. Lose too. Let's test as you see fit.
I forgot to attach the file. Sorry, I do not know what happened! Good luck!
avtoforex.rar 35.78 kb, 42 downloads since 2016-12-19
Download Avtoforex EA
https://mt4talk.com/viewtopic.php?pid=31909#p31909
This EA primarily focuses on managing risk and optimizing trade sizes. It offers multiple strategies for money management:
Fixed Lot Size (MMType = 0): In this mode, you specify a constant lot size for each trade. This strategy is straightforward and suitable for those who want precise control over their trade sizes.
Exponential Lot Sizing (MMType = 1): This strategy calculates lot sizes using an exponent (LotExponent). As your trading history evolves, the lot size increases or decreases exponentially. It's a dynamic approach that adapts to your performance.
Dynamic Lot Sizing (MMType = 2): Here, the EA adjusts lot sizes based on your trading history. If you've been profitable, it may increase the lot size; if you've experienced losses, it may decrease it. It's a risk-aware strategy.
The EA also offers options like closing trades when they reach a certain profit (UseClose), adding new positions to existing ones (UseAdd), and trailing stops (UseTrailingStop).
Adjustable Parameters:
Let's explain these parameters in more detail:
MMType: This parameter determines the money management strategy (0 for fixed lot, 1 for exponential, 2 for dynamic).
UseClose: Decide whether you want the EA to close trades when they reach a certain profit.
UseAdd: Enable this if you want the EA to add new positions to existing ones.
LotExponent: This is used in exponential lot sizing to control the rate of lot size increase or decrease.
Slip: The maximum slippage allowed when placing orders.
Lots: For fixed lot sizing, this is the constant lot size you'll use.
LotsDigits: Choose the precision of lot sizes (2 for 0.01, 1 for 0.1, 0 for 1.0).
TakeProfit: Set the profit level at which the EA will close trades.
PipStep: Determine the distance in pips at which the EA considers opening new trades.
MaxTrades: Limit the maximum number of simultaneous trades.
UseEquityStop: If enabled, the EA will halt trading when your equity drops below a certain percentage.
TotalEquityRisk: Define the percentage of equity that, if lost, triggers the stop if "UseEquityStop" is on.
UseTrailingStop: Activate this to have the EA automatically adjust stop losses to lock in profits.
UseTimeOut: If set, the EA will close all trades after a specified number of hours.
MaxTradeOpenHours: Determine the maximum time (in hours) a trade can stay open if "UseTimeOut" is enabled.
Effective Strategies:
This EA is versatile and can be effective in various trading strategies, including:
Trend Following: It can be used to ride trends by setting appropriate lot sizes and trailing stops.
Range Trading: You can employ it to trade within a defined price range, closing trades when they hit a certain profit level.
Scalping: The EA's ability to open multiple trades and manage risk can be valuable for scalpers looking to capture small price movements.
Swing Trading: For traders holding positions for a longer period, the dynamic lot sizing can help manage risk as the market fluctuates.
Risk Management: The equity-based stop and dynamic lot sizing make it suitable for traders focused on risk management and capital preservation.
This EA is a powerful tool that can be customized to suit various trading styles. Whether you're a risk-taker or a conservative trader, it offers flexibility and risk management options to enhance your Forex trading experience.
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