Market / MetaTrader 4 / Experts /

Quincy EA

45 USD

Demo downloaded: 596

Published: 3 August 2017

Current version: 1.0

Quincy EA

Experts
Metin Hussein
Version: 1.0
Activations: 5

My aim is to design an EA that trades with the trend and not against it like most EA.

Quincy EA uses a grid to open long/short in the direction of movement catching small profits immediately and closing trades. This will only work if you have a good low spread chart and preferably trending pair.

See its potential: https://www.mql5.com/en/signals/316939

How It Works

Quincy EA will open trades in a grid format with a long or short trade depending on the direction of the particular market. It does not use any indicators but relies on mathematics to close a large number of small profits. Once the overall profit of all trades open hits the specified 'Take profit', it will close all trades.

Quincy EA has a built-in safety mechanism that will close trades earlier if there are too many opened, this is refered to as 'Emergency Mode' and can be customized via the Parameters accordingly.

Note:

This EA will open and close hundreds of trades per day. You can trade multi-currency pairs. However, be aware of your brokers 'Maximum open trades'.
This EA should be run 24/5 for the best results.

Parameters

Magic Number - for use of multi-currency traders
Take Profit - default pips to close all trades
Lot Size - default lot size
Step - step on a grid before opening another trade
Step Opposite - step before opening a trade in the opposite direction
Emergency mode after - number of trades open to trigger 'Emergency mode' with Reduced TP
Emergency mode TP - take profit when too many trades are open (use a negative value)
Auto random 1st order - enable this, so the robot can start trading, later versions might have new entry options added

Safety Rules

Use trending currency pairs with low spread
ECN account only
Preferably tiny spread
Due to the nature of the EA, there is no Stop-out. However, as it hedges its position, there is plenty of time to exit manually
Contact me if you need help

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