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Opposite

The EA "Opposite" is a full automated trading expert. The EA uses the hedging strategy as follows: He opens a buy and a sell position at one moment and closes one of the positions after reaching the take profit. Then he opens again two orders in two directions, but in one direction the lot size is bigger than in the other one. Thus one has two possibilities: Either one takes the profit in the direction with less lot size or one takes the profit in the direction with bigger lot size. In the last case, all positions will be closed. All further orders will be opened multiplied by a chosen factor.


Live Monitoring

https://www.mql5.com/en/signals/305467


Basic facts

  • Minimum deposit: 1000 EUR / USD (for AUDCAD a smaller deposit is possible)
  • Timeframe: all timeframes allowed, it does not matter
  • Spread: as always, the lower the spread the better the profit
  • Currency Pairs: actually all pairs are possible, but best results found with EURUSD. Pairs including JPY need a larger balance


Settings

  • method: two methods are available, I recommend to choose the 2nd method, which allows closing all positions. Please check the difference by using the strategy tester.
  • round: two possibilities:
    • 'yes' means that a new cycle of orders is allowed
    • 'no' means that the current cycle of orders will be continued until the take profit is reached, then no orders will be opened.
  • Lots: initial starting lot size
  • maxLot: maximum allowed lot size
  • magic: magic number, for every new chart you have to use a different magic number
  • multiplication: factor by which the next position will be opened
  • TakeProfit
  • slippage
  • Percent: i.e. when set to 80%, then all positions will be closed then Equity divided by Balance is 80%.
  • Per: close orders in direction of higher lot size when reaching the profit calculated by TakeProfit times Per, example: Per=0.5, TakeProfit=300, then the positions will be closed after 150 winning pips.
  • add: after closing a position with take-profit, the EA adds the value to the TakeProfit. After a cycle is completed, the EA restarts with initial TakeProfit.
  • SLequity: the maximum allowed loss. When Balance minus Equity is larger than SLequity the EA closes all positions.
  • SLposition: EA closes a position if the loss of this position is larger as the value you have set.


My recommendations

(for balance = 1000 EUR / USD): I recommend the following settings for EURUSD or AUDCAD,

  • Use Method 2!
  • Round: 'Yes'
  • Lots: 0.01
  • multiplication: 1.1, a factor of 1 is possible too
  • TakeProfit = 300 or 200 for AUDCAD
  • Percent = 0
  • Per = 1
  • add = 50
  • no SL option


Note

In a long trend, the drawdown can be high! So be careful with the multiplication factor! By a simple calculation, one can show that the minimum recommended balance is enough to "survive" the last year (01/2016-01/2017). In 2014, during the Greek crisis, the balance is not enough. Use the strategy tester for individual settings for other currency pairs!

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Introducing our MT5 EA: Designed with advanced algorithms and utilizing deep learning technology, our Expert Advisor (EA) is crafted to assist you in the intricate world of forex trading. The system analyzes market behaviors and conducts transactions based on specific criteria, empowering you to engage with market trends more effectively. With the backing of nearly a decade of data, the EA employs deep learning to examine past market conditions, aiming to provide enhanced decision-making. Recom
Big Forex Players MT4
Marzena Maria Szmit
4.6 (20)
We proudly present our cutting-edge robot, the  Big Forex Players EA  designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the   biggest Banks   (p ositions are sent from our databas
Dragon Multi EA MT4
Mansour Babasafary
4.71 (14)
3 experts in 1 expert Strategy based on price action Made specifically for the best forex currency pairs Can be used in the best time frame of the market at a very reasonable price This expert is basically 3 different experts. But we have combined these 3 experts in 1 expert so that you can use 3 experts at the lowest price. All three strategies are based on price action. But based on different trends. Long term, medium term and short term The price will increase by 100$ after every 10 p
One Inch Slap
Inrexea Limited
No Backtesting is allowed: (OIS IS NOT A HFT Strategy, Will not be violated by Prop firm rules) We don't rely on backtest results. The backtesting environment can't access our database to retrieve historical data. We aim to provide clarity to EA traders and not mislead them. The best approach is to monitor our signals. If you're wondering how to verify that it works with your broker, the response is the same: backtesting results alone don't prove effectiveness. "OIS" : The Final product of ours
Index Scalping Pro
Julia Lopez
4.33 (3)
Index Scalping Pro is a  indices trading Expert Advisor (EA). What sets us apart from others? This EA utilizes 3 real trading strategies . Unlike many EAs that have filled their systems with flashy yet risky grid systems and heir own martingale systems (often disguised as "neural network/artificial intelligence/machine learning" and manipulated in tests to achieve higher sales), Index Scalping Pro relies on a simple approach. It employs a highly effective strategy based on daily support and res
Luna AI PRO
Profalgo Limited
4.5 (2)
Launch promo: Only 1 copies available at 399$ Final price: 2000$ There will be only a limited number of copies sold of this EA Luna AI is a very advanced night scalper and one of the best you can find on the market.  It was developed using years of experience in live trading with the mean-reverse strategy, and selected only the best pairs and techniques to be included in this EA. Since the EA is build upon existing technology that was developed over the years, the EA is very effective and has
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Version 1.2 2017.06.30
Added different types of StopLoss
Added possibility to add TakeProfit Step