• Overview
  • Reviews (3)
  • Comments (130)
  • What's new

Ea Monster Multiple Strategies

Attention EA monster users: This EA works best with the optimized setting files provided in the comments area.

Please go to this link and watch the 15 Videos showing the 15 NEW Setting Files tested from 2015 to 2018.
Each Setting File is available for DOWNLOAD in each Video Blog Posting.
https://www.mql5.com/en/users/scottfredeman/blog

Please download the PDF Owners Manual at this link:
https://www.mql5.com/en/market/product/21797#!tab=comments&page=7&comment=6771402

Please download these 27 optimized D1 set files and 27 templates in comment #106:

https://www.mql5.com/en/market/product/21797#!tab=comments&page=6&comment=6534172

Please download these optimized H4 and D1 set files in comment #105:

https://www.mql5.com/en/market/product/21797#!tab=comments&page=6&comment=6515614

Stochastic Cross Open and Level Close set files are in comment #93 are at this link:

https://www.mql5.com/en/market/product/21797#!tab=comments&page=5&comment=6212630

EA Monster Multiple Strategies with Customizable Features

  • Default Setting works on H1 EURUSD AUDUSD USDJPY.
  • Many more set files for other currency pairs are in comments area.
  • See comments area for the full list of inputs.

This EA was designed to give you the flexibility of combining multiple strategies to fit your unique style of trading. You are able to have multiple ways to open a trade, close a trade and/or filter a trade. You can even back-test these various settings to find the perfect settings for your favorite currency pair. You are welcome to message me in the comments area for set files that I have tested. I am also forward testing strategies and posting results in the comments area to confirm the back-tests.

Main EA Settings

  • ECN Account True/False
  • MagicNumber
  • EA Comment
  • lot
  • Place orders if under max spread
  • Maximum price slippage for buy or sell orders
  • Attempts to resend order if error
  • Attempts to close order if error

Strategies

  • Increase lot size by a factor of X after loss
  • Incremental Lot Size Money Management System that will adjust your lot size by Balance Equity Increments.
    Example: $50 Balance = 0.01 Lot Size; $100 Balance = 0.02 Lot Size; $150 Balance = 0.03 Lot Size
  • Trailing Balance Equity System that will trail a percentage of your balance.
    Example: If set to 70% the Balance will trail 30% and if it draws down around 30% it will not trade anymore and preserve 70% of the highest Balance since EA was turned on.
  • If trading account gets down to X$ it stops trading
  • Stop Trading when Free Margin is below X$

Daily, Weekly, Monthly target strategies

This feature will stop trading for the day,week, or month when the target is hit and resume trading when the next period begins.

Set your targets to 5 or 10 pips below your TP or SL.

  • Target Xpips profit(Set to 5000 to disable)
  • Target Xpips loss(Set to 5000 to disable)

Setting for MA Cross and MA Trend

  • MA averaging period
  • averaging method
  • applied price

Invert Trades Settings

  • invert trades

Pending Orders Settings

  • Open 2 buy orders or 2 sell orders
    • A buy order will open a pending buy X pips above and a pending buy X pips below
    • A sell order will open a pending sell X pips above and a pending sell X pips below
  • Open 1 buy order and 1 sell order
    • A buy order will open a pending buy X pips above and a pending sell X pips below
    • A sell order will open a pending buy X pips above and a pending sell X pips below
  • Invert open 1 buy and 1 sell
  • OCO input (Open pending order will close the other pending order)
  • Delete pending orders after X seconds

Pending Buy/Sell

  • X pips above
  • X pips below

Open Trades Section

Default Open Trades Feature

Body of the candle is X% greater than the previous X number of candles
Open a buy trade if bull candle. Open a sell trade if bear candle.

  • On/Off
  • Look back # of candles
  • Greater than X%
  • Candle body must be more than X Pips in size
  • Candle Shift(0 opens immediately)

Close trades by X pips in X seconds close reverse - different speed than open

Close trades by RSI top line closes buys, bottom line closes sells

Close trades by RSI top line closes sells, bottom line closes buys

See Comment #104 at this link for an explanation of these features
https://www.mql5.com/en/market/product/21797#!tab=comments&page=6&comment=6640263


Open Trades by MA cross MA

  • On/Off
  • 0 - Opens Immediately, 1 - Opens on Candle Close
  • 1st MA Avg Period
  • 1st Avg Method
  • 1st Applied Price
  • 2nd MA Avg Period
  • 2nd Avg Method
  • 2nd Applied Price

Close Trades by MA cross MA

  • On/Off
  • 0 - Opens Immediately, 1 - Opens on Candle Close
  • 1st MA Avg Period
  • 1st Avg Method
  • 1st Applied Price
  • 2nd MA Avg Period
  • 2nd Avg Method
  • 2nd Applied Price

Close Trade by Bollinger Bands

  • Avg Period
  • Std Deviations
  • Bands Shift
  • Applied Price
  • 0 - Closes Immediately 1 - Close on Candle close
  • Close buys & sells on Upper Band
  • Close buys & sells on Lower Band
  • Close only buys on bottom band
  • Close only sells on upper band
  • Close only buys on upper band
  • Close only sells on lower band
  • Close only buys on re-entry upper band
  • Close only sells on re-entry lower band
  • Close all on cross middle band

Bollinger Bands filter allows trades only inside bands

Stacked MA Filter - 1st MA > or < 2nd and 3rd Filter Trade
(Only allows Buy trades when 1,2,3 are stacked)
(Only allows Sell trades when 3,2,1 are stacked)

See Comment #104 at this link for an explanation of these features
https://www.mql5.com/en/market/product/21797#!tab=comments&page=6&comment=6640263

See comment #113 at this link to download the entire list of all parameters

https://www.mql5.com/en/market/product/21797#!tab=comments&page=6&comment=6640093

remsgits
458
remsgits 2018.06.06 01:41 
 

Hi i start use this Ea a month ago had good trades so far , Scott very helpful !

will update next month.

cashoncommand
63
cashoncommand 2018.02.07 05:01   

Excellent work. Scott has been amazing. He is very supportive and helpful.

He is always trying to better his EA's to help us make money with his system.

Love his work ethics and dedication to helping others.

Thanks Steve you are a Gem.

rhapsody1
1009
rhapsody1 2017.09.19 16:19 
 

Five stars to begin with. will update later !!

Version 2.2 - 2018.06.29
- Added the ability for decimals in "X Seconds" Inputs for the "X Speed per X Seconds" open trades feature.
Version 2.1 - 2018.06.21
- Added Option for ECN Accounts
Version 2.0 - 2018.03.01
- New Feature that Stops trading if free margin is below X$ to avoid margin calls
- New RSI Feature to close only Buys on Top and Sells on Bottom Level
- New Close Trades when X Pips per X seconds speed reverses
- New Bollinger Bands Filter Trades only Inside Bands
- New 3 Stacked Moving Average Filter
- Bollinger Bands Open Fix on Close of Candle
Version 1.9 - 2018.02.05
- New input for Open on Candle Close for MA cross MA Open
- New input for Close on Candle Close for MA cross MA Close
Version 1.8 - 2018.02.01
- New Moving Average Cross Moving Average Opens Trades
- New Moving Average Cross Moving Average Closes Trades
- New Bollinger Bands Open Buy from Upper Band
- New Bollinger Bands Open Sell from Lower Band
- New Bollinger Bands Close Buys on Upper Band
- New Bollinger Bands Close Sells on Lower Band
- New Bollinger Bands Close Buys on Re-Entry Upper Band
- New Bollinger Bands Close Sells on Re-Entry Lower Band
Version 1.7 - 2018.01.16
- New secondary stochastic close settings. This will allow trades to be opened with one Stochastic setting and a different setting to close trades.
Version 1.6 - 2017.12.18
- Under the "Risk Management" section the default "Incremental Balance Amount" input was changed from 50 to 200. This was changed to make it less risky. 50 or 100 would be very aggressive or risky.
Version 1.5 - 2017.12.01
- New Incremental Lot Size Money Management System that will adjust your lot size by Balance Equity Increments. Example: $50 Balance = 0.01 Lot Size; $100 Balance = 0.02 Lot Size; $150 Balance = 0.03 Lot Size

- New Trailing Balance Equity System that will trail a percentage of your balance.
Example: If set to 70% the Balance will trail 30% and if it draws down around 30% it will not trade anymore and preserve 70% of the highest Balance since EA was turned on.

- New Candle Wick Open Trade Feature that will open trades based on the size of the wick of the candle to the size of the body of the candle. This can open trades on new candle (Candle Shift 1) or open immediately (Candle Shift 0) on the same candle. If you back test with Shift 0 you must make sure you are back testing with every tick. You can test with Open Prices if Shift is set to 1.

- New Open Trades Feature when High or Low has been reach on X Number of Candles.
Version 1.4 - 2017.09.05
- Fixed Open Trade Once per Bar
- Added Day of Week Filter
Version 1.3 - 2017.08.07
- New Default Strategy for H1 EURUSD AUDUSD USDJPY

- New Feature that opens trades when a Candle is X% Larger than Previous X Number of candles
(Buy on Bull Candle, Sell on Bear Candle)

- New On/Off Filter that restricts trading to only once per bar if set to True

- New Bollinger Bands Feature that allows trading only outside of the Upper or Lower Bands. No trading will be allowed inside of the bands if set to True.
Version 1.2 - 2017.06.06
- Added input for changing magic number
- New input instructions are added above some inputs
- New Speedometer that Displays current speed per Seconds
- New Display showing highest speed since EA was turned on
- RSI Open Trades Feature
- RSI Block Feature
- RSI Filter Feature
- New Moving Average Feature that allows up to Xpips distance, then blocks
- Fixed Stochastic Cross Issue
- Martingale now multiplies lots by a factor of X
- Better Error Checking
Version 1.1 - 2017.04.19
Added a new Bollinger Bands Open trades strategy and a new moving average strategy. Also changed the default strategy.