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New Generation EA MT4

1

EA Description :

This is a High-Frequency Trading EA. EA is supported by a strong signal finding algorithm. Most of the algorithms are smart and automatic. You need to adjust only 3 parameters to optimize the signal engine of the EA. Thus optimizing and using EA is very simple and easy.


    Supported Symbols and Timeframes :

    All timeframes and pairs are supported by EA.

    The best operation of EA is on all 28 Major and Cross Pairs of Forex.

    The best timeframes are M15,M30,H1


    EA Inputs
    • General Options
      • Trade Type
      • Maximum Number of Open Trades any time
      • Minimum Distance to Open New Position (Type/Points/ATR Multiplier) : Minimum distance from existing position to open new one if signal conditions meet
      • Minimum Distance to Open New Position (Minutes) : Minimum time from last trade to open new one if signal conditions meet
      • Maximum Spread to Open Position (points)
      • Take Profit ( Type/Points/ATR Multiplier )
      • Stop Loss (Multiplier of Take Profit)  : SL is defined based on the multiplier of TP. Any value (even smaller than 1.0) is accepted.
      • Close All on Total Profit/Loss (0:Disable)
      • Magic Number
      • Comments of Orders
    • Signal Settings
      • Wait for Stronger Signal (Points) : The amount of points to wait to make sure signal power is enough.
      • Entry Signal Period
      • Verification Signal Period Multiplier : Any value larger than 1 or equal with 1
    • Trailing Stop and Break Even
      • Trailing Stop Loss
      • Trailing Start (Points)
      • Trailing Stop Loss (Points)
      • Trailing Step (Points)
      • Break Even
      • Move TP to Break Even After Loss Amount (Points)
    • Volume
      • Volume Mode : Available options : Constant,Risk Percent of Balance/Equity,Auto Lots Based on Balance/Equity
      • Constant Lots (if above selected)
      • Risk Percentage (if above selected)
      • Auto Lots Per 1000 Balance or Equity (if above selected)
    • Notifications
      • PopUp Alerts
      • Push Notifications
    • Trading Time

    • News Filer
      • To enable news filter, On the Tools/Options/Expert Advisors Click and enable Allow Webrequest option and add http://ec.forexprostools.com/ to the list
    • ATR Settings
      • ATR Timeframe and Period used for distance of orders and TP if you set the mode=Based on ATR


        Recommended Settings for Optimization 


        For optimizing EA you can select these values as a typical ranges :

        - On the inputs below : First number is Start. 2nd is Step. 3rd is Stop values of tester optimization values.

        - Leave other inputs as their default values.

        - Volume Settings : Start with lower volumes. After finding the best settings, increase volumes.

        • Minimum Distance to Open New Position (points) : 100,100,200
        • Minimum Distance to Open New Position (Minutes) : 30,30,90
        • Take Profit (points) : 400,200,600
        • Stop Loss (Multiplier of Take Profit)  : 1,1,4
        • Wait for Stronger Signal (Points) : 10,10,50
        • Entry Signal Period : 10,5,25
        • Verification Signal Period Multiplier : 2,1,3


        Using EA

        • Using EA is very simple. All above settings can be changed in the inputs tab. You can attach EA to any chart with any timeframe. You can customize EA by attaching on more than one chart and setting different inputs.
        • If your account balance is low, you can use EA on micro/cent accounts.
        • Important : The EA has large consecutive losses. Don't use large and aggressive volumes for trading. It is recommended to use about 10% of volumes you find on backtest or optimization for real trading.


        Growing the EA


               I will update and make the EA better and better. You can help by contacting me for any new feature needed on your trading. I will consider the next updates of EA.


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        Sadasoft
        1889
        Sadasoft 2022.03.04 12:06 
         

        Even if the Ea looks in some way promising the author is not answering some basic things related to the optimization. The backtest looks overfitted and that may drive to the non-good live result observed. If the author will be cooperative and giving real complete information about how the settings are made, the periods of optimization "in sample" and "out sample" and therefore the way the EA reacts and the proper way to make it work I will change my stars to a better evaluation. Right now I do not feel the EA is worthy the money and its not recommended from my side.

        After almost 4 months of use, the graph is terrible.

        Every SL eats the profit of multiple TP

        Thje Ea is clearly over optimized and making huge losses

        Daniel Smith
        483
        Daniel Smith 2022.02.11 05:22 
         

        El usuario no ha dejado ningún comentario para su valoración

        Respuesta al comentario
        Versión 1.16 2024.02.03
        Trading engine updated.

        Some small fixes reported by users.
        Versión 1.15 2023.09.07
        Close on Opposite Signal added.
        Some minor fixes based on report of users.
        Versión 1.14 2023.06.25
        Minor updates regarding reports of users.
        Versión 1.13 2023.03.05
        Signal engine upgraded.
        Versión 1.12 2022.11.20
        Some optimizations of news engine and entry filters.
        The strategy is upgraded to operate better on some specific market conditions.
        Versión 1.11 2022.09.25
        - Added more options to close all on TP/SL.
        - Optimized performance of the EA.
        Versión 1.10 2022.08.07
        Upgraded to fix some reported issues from users.
        Versión 1.9 2022.06.27
        Some minor improvements applied.
        Versión 1.8 2022.06.03
        Signal engine upgraded to operate more better.
        Versión 1.7 2022.03.26
        - Enabled decimal values for ATR Trailing and BE
        - Added Stop Trading Option
        - Added option to enter on Strong Signals Only
        - Optimization on Performance of Signals
        Versión 1.6 2022.02.19
        This is urgent update of EA because news source is changed from http:// to https://
        Please update the EA and enter below link on terminal allowed webrequest list :
        https://ec.forexprostools.com/
        If you are not using news, no need to update the EA.
        Versión 1.5 2022.02.13
        - Added panel display on chart
        - Added more options on notification feature
        - Added TimeFrame option to the inputs
        - Added Trailing Stop and BreakEven based on ATR
        - Optimized performance of the EA
        - Added risk control based on equity and free margin

        Versión 1.4 2022.01.08
        Added options and settings :
        - Trade Type
        - Close All on Total Profit/Loss
        - Comments of Orders
        - Customizing Notifications
        - TP and Distance entry based on ATR
        Versión 1.3 2021.12.24
        News Filter Added.
        Some Improvements on Trading Signals.
        Versión 1.2 2021.12.17
        Added Different trading time for each day.
        + some optimizations on trading engine
        Versión 1.1 2021.12.15
        Trading Time Filter Added