Havana MT4 EA uses reverse trading strategy. The EA will take the trade when the price goes to the oversold or overbought area (which area is determined by 'Over Sold/Bought factor' parameter).
It will add more trades if the market goes against the previous trade, however, this is not martingale or grid EA. It will close all trades at the best price.
Please refer to the MetaTrader 5 version here: https://www.mql5.com/en/market/product/27863
This is a traditional medium-term Expert Advisor. This EA is very easy to use and can apply for multi-currencies. It works on accounts with 4 and 5-digit quotes.
This EA is very strong against the news events. However, with the news with extremely high impact on the market (Brexit, US President Election), it is better if you turn off the EA.
Start with tiny amount of money (200 USD/0.01 lot). Therefore, you can divide your money to a few accounts and trade a few pairs for each account. This EA is recommended for the M30 timeframe.
The default settings are optimized for EURUSD.
Please use the setting value in the table below for these pairs: GBPUSD,USDCAD, USDCHF, USDJPY, AUDCAD, AUDCHF, AUDJPY, CADCHF, CHFJPY,EURAUD, EURCAD, EURGBP, EURNZD, GBPCHF, GBPNZD, NZDCAD, NZDCHF and USDSGD.
VPS is required for uninterrupted operation.
- BASIC SETTING
- Basic LotSize=0.01 - starting lot size (recommended 0.01 lot per 200 USD)
- Increase Lotsize?=false - if 'true', the EA will increase lot size each trade.
- Maximum Lotsize=0.03 - maximum lot size (in case 'Increase Lotsize?'=true).
- Min Profit in Points=200 - minimum potential profit in points.
- Over Sold/Bought factor=6 - oversold/overbought area factor. For almost all pairs, it oscillates between 5-8.
- Orders Step=400 - minimum distance between two trades.
- Acceptable Spread in Points=30 - maximum acceptable spread to take the trade.
- Slippage=5 - maximum slippage.
- IsTradeSameSymbol=true - if 'false', the EA will not open the trade in case this symbol is already opened in this platform (ex: the EA will not open EURUSD trade if the pair USDJPY is opening).
- Comment=Havana - comments.
- MagicNumber=999 - magic number.
- FORCE CLOSE
- Use force close?=false - if 'true', the EA will close all trades if the total loss exceeds a certain value.
- Max Loss Value=200 - maximum loss (use force close?= true).