Market / MetaTrader 4 / Experts /

Benefit EA

9 600 USD

Demo downloaded: 1 535

Published: 16 February 2016

Current version: 5.1

Benefit EA

Experts
Vsevolod Merzlov
Version: 5.1
Updated: 4 May 2021
Activations: 5

Benefit EA is a non-indicative flexible grid adviser with special entry points that provide a statistical advantage, revealed through the mathematical modeling of market patterns.

The EA does not use stop loss. All trades are closed by take profit or trailing stop. It is possible to plan the lot increments.

The "Time Filter" function is set according to the internal time of the terminal as per the displayed time of the instrument's server, not the operating system (can match). This function allows for 100% automation of the trading process, without manual intervention and management (if every technical aspect is working properly and as intended). The "time filter" status is displayed as a text in the upper left corner of the trading window.

There are multiple settings for professionals and a flexible system of settings for different trading styles.

"Selling short", "scalping", "trading flat", etc.

There are buttons for semiautomatic trading. Using the buttons, it is possible to block the operation of one or both trade directions. Text notifications on the trade blocking status are available.

Trading any instrument on any timeframe in automatic or semiautomatic mode.

Situations of connection losses are handled accordingly and do not affect the trading process.

The default EA settings are for GBPUSD M15 50 000 1:500.

Base deposit: 5000-10000 (depending on the instrument)
Leverage: 1:20-1000
Timeframe: M1, M5, M15, H1
Recommended currency pairs: GBPUSD, USDJPY, EURUSD, EURJPY, USDCAD, USDCHF, AUDUSD

Parameters

Base settings

New_Cycle – enable/disable opening order series in cycles
MAGIC – magic number, should be changed if the EA is used on multiple currency pairs on the same account
Slippage - Forex price slippage, the default value is 3. Do not change the value unless you know what you are doing
Max_Trades - the maximum number of orders opened in a series (Max 17)
Max_Lot - the maximum lot size

TP settings

TP Buy - Take profit level in points for closing Buy positions
TP Sell - Take profit level in points for closing Sell positions
Trailing_Start – level in points to activate Trailing
Trailing_Size – the number of points for trailing the Trailing_Start level or for closing

Risk Reduction System

RRS – enable/disable the Risk Reduction System
RRS_oOrder – number of an order in a series to activate the Risk Reduction System
RRS_cOrder – number of an order in a series to deactivate the Risk Reduction System
RRS_TP – Take profit in points for closing orders corresponding to the Risk Reduction System
RRS_Trailing_Start – level in points to activate Trailing for orders of the Risk Reduction System
RRS_Trailing_Size – the number of points for trailing the RRS_Trailing_Start level of the Risk Reduction System
RRS_Profit_Percent – tool for exiting a prolonged drawdown (70-90% recommended)

Buy and Sell settings

Step_Buy(Sell) – step for opening a new order in a series in points
Step_Coef_Buy(Sell) – increase coefficient of the step for opening subsequent orders
Step_Coef_Start_Order_Buy(Sell) – number of the order to activate Step_Coef_Buy(Sell)
Step_Mass_Buy(Sell) – the default step for opening orders (in points), if Step_Coef_Buy(Sell) is equal to 0
Min_Lot_Buy(Sell) – the minimum lot size of the first order
Lot_Exp_Buy(Sell) - lot increase coefficient of Min_Lot_Sell for the subsequent orders

Time filter settings

Time_Filters - enable/disable working within the specified time intervals

more...

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