PS Tsunami EA MT5
The primary focus in the development of this EA was security by eliminating the risk of a large DD (DrawDown) that is generally associated with most grid systems on the market. A great effort was made to make good innings and the strategy was reinforced with a smooth grid. The end result is much higher returns than any other similar system.
The EA works with EURUSD. The EA works in any TimeFrame, that is, you can change the TimeFrame and the strategy will not be affected both on the chart and in the strategy tester.
Live Monitoring: https://www.mql5.com/en/signals/835988
- New Cycles: When true, the EA works non-stop, otherwise, the EA does not open new orders after a series of trades is complete.
- Lots (Balance %): Percentage of Balance used to buy lots. (Example; 0.5% of € 1000 = € 5. € 5 in an account with 500:1 leverage is 0.02 lots)
- Lots (Fixed) ('Lots (Balance %)' = 0): Fixed initial lots.
- Martingale Multiplier (Not recommended)
- DD Closing Mode: Closing of all operations when the DD level selected and the subsequent behavior of the EA. Close & Continue, CLose & Stop, Close & Remove.
- DD Max. (%): Maximum DrawDown in percentage. (Example; Balance = € 1000 and select 30%, when the equity is € 700 all orders will be closed and the EA will be eliminated.)
- DD Max. ($): Same function as the previous one but based on money.
- Strategy Tester Withdrawals: Simulate withdrawal of all winnings in the strategy tester.
- Spread Max.: Maximum spread. If it is higher the EA will not open orders.
- Slippage Max.: Maximum slippage. If it is higher the EA will not open orders.
- Magic Number: Number assigned to trades for the EA to identify its own trades and separate those that you open manually. It must be different in each instrument.
- Panel (Fast Backtesting = false): Show/Hide the information panel. The "PANIC" button closes all operations (not instantly, it will request confirmation).
- Panel Font
- Panel Font Size
- Panel User Comment (Max. 25 chars): Personalized comment as a Post-it in the information panel.
- Line Style (TP/SL/Grid/BE)
- Line Width (TP/SL/Grid/BE)
- Line Color TakeProfit (TP/SL/Grid/BE)
- Line Color StopLoss (TP/SL/Grid/BE)
- Line Color Grid (TP/SL/Grid/BE)
- Line Color Breakeven (TP/SL/Grid/BE)
- MQID© Push Notif. (TP/SL/DD): You will receive push notifications when the TakeProfit, StopLoss or the DD Max. function is executed.
- Initial deposit: 1000 (In any currency.)
- Leverage: 500:1
- Account type: Hedging. Standard accounts.
- VPS: By the very nature of the EA (TP, SL and Grid are virtual), it is advisable to use a VPS.
Monetary Management Recommendation
- Withdraw profits until you have the initial deposit in your pocket. Then (if you want) make withdrawals of for example 50% of the profits and leave the rest. In this way the exponential factor will come into play.
- Symbol: EURUSD.
- Delay: Select the Ping according to your broker and connection. In my case it can vary between 30 and 100 ms (milliseconds) depending on the broker/server.
- Modelling: Every tick based on real ticks (It is the most accurate. Historical data between 99 and 100% quality.)
- Deposit: 1000 (In any currency.)
- Leverage: 1:500
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All my products: https://www.mql5.com/en/users/mike_explosion/seller#products
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- Added the parameter 'DD Closing Mode' (more info in the product description)
- Added a parameter for the selection of the Broker. (More brokers will be added in future updates)
- Minor corrections and changes in the ordering of the parameters.
- Added profit withdrawal simulation input for the strategy tester.