Market / MetaTrader 5 / Experts /

For The Bold

300 USD

Demo downloaded: 53

Published: 5 September 2022

Current version: 1.40

For The Bold

Experts
Slim Ouederni
Slim Ouederni
Tunisia

252
2 topics
Version: 1.40
Updated: 8 September 2022
Activations: 20

*This EA is made to trade mainly GOLD /GBPUSD (Micro Recommended) .

*it trades only one position a time , both Long and short . All positions will be placed with TP and SL.

*SL levels are calculated depending on the volatity of the market with the help of The ATR indicator .

*TP levels are calculated depending on the Chosen Risk Reward ratio.

*Signals are obtained using candlestick patterns ( engulfing ,inverted hammer and hanging man) and filtred with Bollinger Bands and Heikin Ashi Candles .

*For Money Mangement the EA start risking a fixed percentage of the balance per trade (set to 0.41% by default) that increase with a multiplier in case of a loss without exceeding a limit and reset to the initial value after a win .

*SL levels are calculated depending on the volatity of the market with the help of The ATR indicator .

*TP levels are calculated depending on the Chosen Risk Reward ratio.

*Recommande accounts : ECN or ultra low spreads accounts .

*Timeframes : M10, M15 , M30 , H1 ,H4

Inputs

1 RR : Risk reward ratio per trade.

2 initialriskpct : the initil risk % of a trade's sequence.

3 ATRmultiplier : the ATR multiplier for stop loss level calculation .

4 riskmultiplier : the risk perrcentage multiplier in case of a loss .

5 ATRperiod : the period for ATR calculation .

6 riskpctlimit : the limit of risk % in case of a consecutive losses .

TrailingStop and time filter will be added on the next update.

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This EA uses a very simple strategy by using Envelopes indicator to detect potential reversal signals filtred with n time crossover with upper and lower envelopes bands . It uses Martingale for money management . Inputs : SMA_Period : The smoothed MA period on close prices for Envelopes indicator Envelopes_deviation : the % deviation of the upper and lower envelopes bands SL_Pips : the stop loss in pips RR : the used risk reward ratio lots : the initial lot to use in martingale sequence lot

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For The Bold

Slim Ouederni