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Egoola EA 5

150 USD

Demo downloaded: 22

Published: 8 January 2024

Current version: 1.10

Egoola EA 5

Experts
Wieslaw Stanislaw Golec
Version: 1.10
Updated: 14 April 2024
Activations: 5

Egoola EA it is a fully automated “reversal” trading system. It can also be called "trend continuation" system as when first trade with trend goes into profit, EA will be scalping it all the way to top (multiple consecutive entries and getting profit on the way(.

Advisor contain settings to protect your equity (equity stop loss) and margin. Additionally after equity stop loss gets trigger there is an option to disable trading for number of hours, which make it suitable for prop firms.

You can also trade together with this Advisor. If allowed, EA can treat manually placed order as their own and continue with EA logic based on them.

When an advisor goes into a bigger draw-down, its goals shift from "making a profit" to "keeping a deposit" and, in order to reduce risks, exits positions at the slightest opportunity based on "draw-down management" settings. This approach allows this EA to work for years without blowing up your account. The main profit comes from situations when draw-downs are not deep and trend is being scalped. If the draw-down is deep, then positions will be closed with a minimum profit to unload the deposit by closing the positions with a minimum profit.

Settings + Manual can be found here

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Version 1.10 2024.04.14

Improved Draw-down Reduction Algorithm (added new method).

Version 1.9 2024.03.11

Fixed issue with "Use Distance based Lots Multiplier Logic coefficient".
Fixed minor issue with "Support Manual Orders".
Added "Total Aggregate Lot Exposure" option.

Version 1.8 2024.02.26

Added "Direction of re-entry on Break-even" option.

Version 1.7 2024.02.19

1. Replaced Vertex strategy with MAC-D based one which better fit with existing strategies.
2. Improved Momentum based strategy.
3. Add "Manual Trading only" option to "Signal Logic" to allow to use EA as Trading Assistant like tools

Version 1.6 2024.01.24

Improved hard stop loss management (when Hidden TP & SL is disabled)
Improved breakeven calculation method to include fees (swap + commission)

Version 1.5 2024.01.17

Added "Fibonacci sequence" strategy for "Lots multiplier".
Added "Equity Stop Loss New Series Disable Period" feature.

Version 1.4 2024.01.16

Added additional lots size scaling option while scalping trend via re-entry on Take Profit after each consecutive win.

Version 1.3 2024.01.15

Refactored whole EA code to significantly optimize back-testing speed.

Version 1.2 2024.01.12

Fix re-entry on Take Profit logic.

Version 1.1 2024.01.12

Added new strategy (VZO).
Added Margin Protection Algorithm.