• Información general
  • Comentarios (1)
  • Discusión (16)

EagleWings

EagleWings EA is a fully automated Expert Advisor based on mathematical functions and some MetaTrader 4 standard indicators to determine the start of high price movement, where in this position, the EA will make a transaction.

EagleWings EA uses no grid, no martingale, no arbitrage, and the best part is running fully automatic.

The EA allows you to trade a fixed lot, as well as includes the money management unit for automatic lot calculation based on the preset risk per trade.

Please use this EA on pairs with low spread and low stop level.

Your trades will be protected by stop loss.

Best results are obtained on EURUSD, USDJPY and GBPUSD pairs, and you can run on several instruments simultaneously.


Requirements and Recommendations

  • Please use this EA on M5 timeframe
  • The recommended account leverage is 1:500
  • If you want to have only one pair triggered at a time, please use the same Magic Number for all pairs.
  • VPS hosting 24/7 is strongly advised.


Parameters

  • MagicNumber = 8888 - used to identify an order.
  • OrderCmt = eaglewings - comments on each trades.
  • Stoploss = 7 - stop loss for Breakout trades in pips. 7 is 7 pips.
  • TrailingStop = 2 - trailing stop size in pips.
  • TrailingStart = 3 - trailing start in pips.
  • Buffer = 5 - distance in pips between running price and pending order.
  • AggressiveLevel=NORMAL - aggressiveness in trade.
  • MaxSpread=2.0 - maximum spread accepted to trade in pips.
  • MoneyManagement = true - set to true to enable auto money management. If false, ManualLotsize is used.
  • Risk = 2.0 - risk value for trade.
  • ManualLotsize = 0.01 - lot value used if MoneyManagement is false.


ibrahim041987
29
ibrahim041987 2018.10.06 22:33   

This expert is RUBBISH!!!

This expert place stop order at previous high/low and waiting for the market to break these high/low. Using the mechanisem of spliting the order to secure the profit.

The historical data strategy test is totally meaningless!! As it assumes the spread does not change. However, the market does not work that way, there are ususally big amount of pending order around the previous high/low, when market price break those high/low, the pending order are triggered, and the because of the amount are usually much bigger than other price, the break through reasult in spread change, and this sudden change may last only a few tick, but enough to distroy the EA system, and result in loss. Afther this, the market did pass through the high/low, but you were kick out of the market!!

This EA is very badly designed! I run it for a few weeks, not even a single week results in profit.