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MegaHit GT2 Expert Advisor

MegaHit GT2 EA is an advanced trading Expert Advisor.

Multiple layer filters are applied to enter (go short (sell)/go long (buy)) to reduce noisy signals.

This automated EA is fully focusing on breakouts whether upside or downside with pre-optimized parameters and powerful algorithm applied to produce profits.

Every single entries (go short/go long) are triggered by predetermined multiple filters to detect up or downside movement.

Every trade is secured with the fixed stop loss (SL) and take profit (TP) values.


Important settings for traders

MegaHit GT2 is best optimised for EURUSD M15 time frame

Only few parameters (the lot size to enter and open max lot numbers) to be set by traders depending on the traders’ equity balance from the EA properties settings.

Starting Lot size and open max lot numbers are dependent on the users’ equity balance.

For example:

0.1 lot is for over $10,000 with the bigger size of the starting lots

0.05 lot is for around $5000

0.01 lot size for $1000


Features

  • Already optimized, no need to optimized.
  • Genuine winning formula applied
  • Strong auto-cruising trades
  • Magic numbers used to identify orders
  • Does not use grid, averaging, scalping
  • Limited usage of the semi martingale
  • Not sensitive to spread expansion;
  • No carrying Floating Losses due to strict fixed SL values


Settings in EA Properties Parameters

  1. Expert Advisor Name
  2. Account is micro (Define if account is micro or standard)
  3. CompletedBars (Define execution by bars or ticks)
  4. True allows trading (Define execution. true allows trading, false sends Alerts)
  5. Sends mail with orders (If true, sends mail with order execution info)
  6. Plays a sound when orders (If true, Plays a sound when orders/alarms are executed)
  7. Sound to be played
  8. When trading time start
  9. Trading TimeStart (i.e 9 = 9 am)
  10. Trading TimeEnd (i.e 16 = 4 pm)
  11. Action before/after Trading Hours (Action before/after Trading Hours)
  12. Open orders with TP/SL is added (If false, orders are opened and later TP/SL is added)
  13. Max open positions
  14. Max Order Retry (When an error, retries MaxOrderRetry)
  15. Use Maximum PercentageatRisk
  16. Max size trade = 2 = 2% of equity (i.e max size of trade = 2 = 2% of equity)
  17. Turns on/off risk ratio
  18. RiskRatio=3 means TP/SL=3 (RiskRatio=3, TakeProfit/StopLoss = 3)
  19. Turns lot management
  20. 1 - Uses Decrease factor
  21. For money management lot
  22. Turns martingale
  23. i.e 2 = double next lot size
  24. Use martingale after losses
  25. Use martingale after Win
  26. Minimum slippage accepted
  27. Sell value Lot Size (Used to change value for Lot Size)
  28. Value Take Profit (Used to change value for Take Profit)
  29. Value Stop Loss (Used to change value for Stop Loss)
  30. Value Trailing Stop (Used to change value for Trailing Stop)
  31. Buy value Lot Size (used to change value for Lot Size)
  32. Value Take Profit (Used to change value for Take Profit)
  33. Value Stop Loss (Used to change value for Stop Loss)
  34. Value Trailing Stop (Used to change value for Trailing Stop)
  35. MagicNumber Long (Identifies long positions)
  36. MagicNumber Short (Identifies short positions)
  37. Show Warnings (Set to false if you do not want warnings/alerts)
  38. To count bars (Checks trailing stops every tick)
  39. Trailing stops every tick (Checks trailing stops every tick)
  40. Time based trailing stop (True means use time based trailing stop)
  41. Every TimeBasedTS minutes (Every TimeBasedTS minutes)
  42. Hedge (Allow hefging variable)

Following items(14, 28, 32) are set by users depending on users’ equity balance.

  • 14. Max open positions (1 to 3 positions)
  • 28. Used to change value for Lot Size (Buy entry, 0.01-0.1)
  • 32. Used to change value for Lot Size (Sell entry, 0.01-0.1)


Recommendations

  • Before using on a live account, test MegaHit GT2 with basic given setting
  • VPS or ECN account recommended for better operations
  • For best results, leverage of 1:200 and more
  • Low spreads offering brokers recommended
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