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Spiderling EA

Spiderling EA is a smart moving averages robot that uses moving averages as main trigger with several other indicators as confirmation. This is an averaging and martingale type trading advisor. It can be used on every trading pair, but it fully tested on AUDCAD, EURGBP, NZDCHF, CADCHF, AUDCHF, EURCHF, AUDNZD , EURUSD, USDJPY, and USDCAD.

   
Setting Parameters:
  • Expert Name - EA name and trades comment.
  • Magic Number - EA identification number to identify trades. 
  • Lots size - Fixed lot size.
  • Auto Lots - True if you want to activate auto lot size calculation
  • Auto Lots Calculation - Risk calculation to calculate auto lot size.
  • Martingale Multiplier - Lot multiplication for martingale.
  • Trailing for First Order - Trailing order if there is only one order exist.
  • Grid Step to Average - Step to trigger averaging orders. 
  • Slippage - Slippage. 
  • Maximum Order - Maximum order sent for every symbol.
  • Indicator settings.
  • Start Time - Default is equal to two hour before Asia Market open.
  • Stop Time - Default is equal to US Market close time.

Recommendations:   
  • Pair: AUDCAD, EURGBP, NZDCHF, CADCHF, AUDCHF, EURCHF, AUDNZD , EURUSD, USDJPY, and USDCAD.
  • Time Frame: 1 Hour.
  • Account that support hedging.
  • Account leverage at least 1:500
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Turn any trading strategy into a position trading strategy or trade the proven RSI & ADR based position trading strategies, including automated drawdown control system for positions that move against you. This EA is an evolution and a simplification of the MRA EA that has been used for position trading strategies taught on the Market Structure Trader website for many years. See my profile for a link to the website, free position trading course and other products. The EA will automatically scale
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Version 1.1 2024.03.22
* Periodic update.