This is an auto-trading program based on Martingale and price action setup.
How It Works
An initial trade is opened when a price action setup is detected. When the price moves in favour of a trade, the Expert Advisor uses price action setup and swing points to identify the most recent support/resistance level and place stop loss on the logical level. If the price move against the opened order, the next order with same direction with first order is opened only if any price action setup is detected, with the lot greater than that of previous, at which lot size would be auto calculated by EA.
The buy and sell order are standalone, EA would monitor and control buy and sell positions separately without interfere each other. Buy order is opened only if bullish price action setup detected and sell order is open if bearish price action setup detected.
The EA is trading using martingale system. Instead of blindly open recovery position, it use price action setup to detect any potential reverse point before place an initial order and following recovery orders for cover loss.
MFE and MAE Distribution Point Graphs
Maximum profit (MFE) and maximum loss (MAE) values are recorded for each open order during its lifetime. These parameters additionally characterize each closed order using the values of the maximum unrealized potential and maximum permitted risk. MFE/Profit and MAE/Profit distribution graphs display each order as a point with received profit/loss value plotted along the X-axis, while maximum displayed values of potential profit (MFE) and potential loss (MAE) are plotted along the Y-axis.
Place your cursor over parameters/graph captions to see the best and worst trading series. Find out more about MAE and MFE distributions in the article Mathematics in Trading: How to Estimate Trade Results.
The average slippage based on execution statistics on real accounts of various brokers is specified in points. It depends on the difference between the provider's quotes from "XM.COM-Real 16" and the subscriber's quotes, as well as on order execution delays. Lower values mean better quality of copying.
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