Big Black Cat EA
The principle of the Big Black Cat EA operation is in scaling the positions as the trend becomes stronger. The TakeProfit and StopLoss values are calculated and set by the EA for each order based on the analysis of the statistical data of the currency pair over the last month. Orders are closed either when the TakeProfit level is reached, or when an opposite signal appears, or by the StopLoss. The maximum allowed number of simultaneously opened Buy orders is defined by the MAX_BUY_POSITION input parameter, the Sell orders - by the MAX_SELL_POSITION parameter. The default value of 30 is set, assuming that the deposit is at least $5000 for Lots=0.1. At the deposit of $1000 - the maximum allowed number or orders is limited to with Lots=0.1. The EA does not use martingale or hedging, and does not require complicated configuration. The EA works 24/7 in a fully automated mode. Suitable for trading instruments with 5 and 3 decimal places. Optimized for working on EURUSD M15.
- Ready to go without any particular setup.
- Any currency pair, preferably with low spread.
- Scales positions as the trend becomes stronger.
- Automatically calculates and sets the TakeProfit and StopLoss for each order.
- Does not use standard indicators.
- The maximum allowed number of simultaneously opened positions must be set based on the size of the deposit.
- Works best on EURUSD M15.
- No Martingale.
- No Hedging.
- Easy to use - no complicated settings.
- It supports any execution type.
- Works on Standard and ECN accounts.
- Trade - trading settings.
- Magic - unique ID of the EA's orders. When the EA operates on multiple pairs, it is necessary to set individual value for each pair.
- Lots - lot size. Suitable value is 0.1 at a deposit of $5000 and maximum allowed number of orders limited to 30.
- Slippage - slippage, pips. Suitable values are from 0 to 3.
- MAX_BUY_POSITION - the maximum allowed number of Buy positions. If set to 0, the number of positions is unlimited.
- MAX_SELL_POSITION - the maximum allowed number of Sell positions. If set to 0, the number of positions is unlimited.
- Recommended pair: EURUSD.
- Timeframe: M15.