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Challenger EA

Challenger EA is a fully automated Expert Advisor. The EA is a medium-term scalper.

Our EA has been created to work confidentially. So, it can close orders with actual account currency value at profit or loss. Also works with stop loss. The EA's strategy has been improved to make reasonable and low-medium risk profit. But, you can also increase your risk, although we do not recommend doing that.

The EA opens trades when these events occur;

  1. The EA searches a main trend. Then, waits for a medium trend to be exhausted at OBOS levels (pullback).
  2. It confirms that medium trend reversal with the indicators.
  3. The EA opens a trade with or without take profit.
  4. If the first trade is at loss and you have not set "Max Orders" to 1, the EA waits for new trade opportunities at that symbol. If you did set Min Distance, the EA will not open any trade until that value, even if the EA finds a good trading opportunity.
  5. When the EA finds a good trade and reaches that Min Distance value, the EA opens a second trade. The EA will renew this process until Max Orders value or Profit To Close value are reached.
  6. The EA always monitors profit and loss each tick. If profit or loss reaches that value, the EA closes all that symbol's order(s). But, we do not recommend setting small values for Loss To Close, since the EA's best feature is loss recovery system.


Requirements

  • Digits: Any
  • Broker: ECN or any
  • Server: VPS with low ping to your broker server
  • Balance&Lot: $1000 for 0.01 lot. If Risk (1%) is 0.01, that will open 0.01 at server min lot 0.01 with $1000 balance. If Server Min Lot is 0.10, the balance must be 10k. Try at the strategy tester first!


Best Symbols, Timeframes, Lot Types

  • AUDCAD - M15 - No Martingale-Lot Multiplier
  • AUDCHF - M15 - No Martingale, H1 - No Martingale-Lot Multiplier
  • AUDUSD - M15 - No Martingale, H1 - No Martingale-Lot Multiplier
  • CHFJPY - H1 - No Martingale-Lot Multiplier
  • EURAUD - H1 - No Martingale
  • EURCAD - M15 - No Martingale, H1 - Lot Multiplier
  • EURCHF - M15 - No Martingale-Lot Multiplier
  • GBPCAD - M15 - No Martingale
  • GBPCHF - M15 - Lot Multiplier
  • GBPUSD - M15 - No Martingale, H1 - No Martingale
  • NZDUSD - M15 - No Martingale, H1 - No Martingale-Lot Multiplier
  • USDCAD - H1 - No Martingale
  • USDCHF - M15 - Lot Multiplier, H1 - No Martingale
  • USDJPY - H1 - No Martingale-Lot Multiplier

Note: For example, AUDCHF - You can use 'No Martingale' Lot Type at M15 and H1. Also, Lot Multiplier at H1. Other Lot Types and Timeframes are unrecommended at AUDCHF.


Important:

What is important difference between traditional averager system and our EAs' system? Averager Systems open orders according to pips distance or equity value. But, Our EA's difference is that our ea opens orders, if a trade opportunity occurs and reaches pips distance. This provides more success and less DD% on trades.


Parametres

General settings

  • Take Profit (Pips): Take Profit for the first order. If that opens the second trade, the system will modify the take profit to 0.
  • Stop Loss (Pips): Stop Loss for the first order. If you did not set Max Orders to 1, the EA will disable stop loss and the system will open new trades in the same direction to average losses.
  • Fixed Lot Size: If Risk 0, the EA will open fixed lot size.
  • Risk 0.1x1000$€ = 0.1 lot (if 0 then OFF): Risk calculated by FREE MARGIN. 0.01 means 1%. 0.1 means 10% of your free margin.
  • Max Spread (If 0 then OFF): Maximum allowed spread.
  • Show Info Panel: YES/NO. The EA will show some details about EA, trades, server and symbol on the left.
  • Magic Number: Unique magic number for EA's trades.
  • Order Comment: Special comment for orders.

Multiple order settings

  • Max Orders: Maximum number of opened orders at the symbol. 0 - Unlimited. 1 - No Multiple Orders. 0-2-3-4-5... - Multiple orders.
  • Min Distance in Orders (Pips): Will not open any trade until reaching that value, even if the EA finds a good trade opportunity. If 0, OFF.
  • Lot Martingale Type: No Martingale / Lot Multiplier / Lot Addition.
  • Lot Multiplier: Multiplies lot size by previous order. HIGHLY UNRECOMMENDED FOR LOT STEP 0.1 BROKERS.
  • Lot Addition: Adds lot size by previous order.
  • Max Lot (If 0 then OFF): Max Lot protects your balance. The EA will never open a greater order lot than Max Lot. The EA will stop at Max Lot while calculating Lot Size. This is not valid for Fixed Lot Size.

Close Settings

  • Profit To Close (If 0 then OFF): When the current profit reaches that value, the EA closes all symbol orders.
  • Loss To Close (If 0 then OFF): When the current loss reaches that value, the EA closes all symbol orders.
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Gold Fox EA is a highly effective trading advisor created specifically for the MT4 platform and focused on the gold market and major currency pairs. Using complex algorithms, it analyzes market trends and price fluctuations in real time, ensuring maximum profit with minimal risk. The effectiveness of Gold Fox EA is confirmed by long testing periods, where it demonstrated outstanding results even in conditions of high volatility. Unique strategic approaches underlying the advisor allow it to a
Sequoia mt4
Yvan Musatov
3.67 (3)
The Sequoia Expert Advisor is a professional market analyst working using a specialized algorithm. Based on the analysis of prices over a specific time interval, it reveals the strength and amplitude of prices using a unique indication system based on real data. When the strength of the trend and its direction changes, the expert closes the current position and opens a new one. The bot's algorithms include signals about overbought and oversold markets. A purchase occurs if the signal falls belo
Quantum Algo Trading MT4
Lo Thi Mai Loan
5 (5)
Check out the live results here: $50K Personal signal:   [Click Here] Small Personal signal: [Click Here] Prop firm live signal:   [Click Here] MT5 version here:   [Click Here] Buy Quantum Algo Trading and get Diamond Titan and US30 Scalper for free => Message me after purchase for details. Welcome to   Quantum Algo Trading MT4 EA . This EA is designed to be more than just a mechanical system; it will be your companion on your trading journey throughout your life. The EA utilizes a breako
Richter mt4
Yvan Musatov
A Richter Expert is a professional market analyst working using a specialized algorithm. By analyzing prices over a specific time period, it determines the strength and amplitude of prices using a unique indicator system based on real data. When the trend and its direction change, the expert closes the current position and opens a new one. The bot's algorithms take into account signals about overbought and oversold markets. Buying occurs when the signal falls below a certain level and then rise
Live Signal-1 :   Click here MT5 Version :   Click Here Get Quantum Pip for free (for 2 trade accounts) -> contact me after purchase Welcome to Nasdaq Algo Trading This EA (Expert Advisor) is created and designed by a team with over 13 years of programming and trading experience. The EA focuses on developing a system that can deliver long-term and stable profits. It employs risk-free strategies, avoiding Martingale, Grid, and Hedging methods, as well as strategies using excessively long sto
Hercules AI MT4
Aleksandr Chebotaev
2 (1)
Hello, my name is Alexander. I would like to introduce you to my new development, the Hercules AI advisor. The advisor is synthesis of Price Action Method and Artificial Intelligence technologies.  It doesn't use  any indicators. The EA works well on Gold  pair. The advisor has shown stable performance for more than 10 years. It does not use dangerous trading methods such as martingale, etc. All transactions are protected by take profit and stop loss. I tried to make the advisor as easy to insta
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Version 2.10 2017.08.29
Removed the forced closure before reaching the broker's Stop Out level.
Version 2.0 2017.08.21
Magic number controls improved.