Expert Dollar Cost Averaging Strategy Version 3
- Experts
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Van Quang Nguyen
I am a programmer specializing in MT4 and MT5 trading software. I have experience in developing automated trading tools (EAs) and custom technical indicators for individual investors and brokerage firms. I am proficient in using the MQL4 and MQL5 programming languages to create effective and - Version: 1.0
- Activations: 10
This EA allows for customizable input configurations:
1. The number of DCA times
2. The volume for the first entry
3. The number of pips for DCA
4. The money-based stop loss limit
5. The equity drawdown-based stop loss limit
6. The percentage of price retracement compared to the first entry position to close all orders.
The trading strategy is as follows: if the order list is empty, both buy and sell orders will be entered simultaneously with a TP position equal to the DCA pip range. When one of the two initial orders reaches TP, the DCA direction will be determined and both buy and sell orders will be entered immediately with a volume that increases according to the Fibonacci sequence multiplied by the initial volume. When the price moves back according to the configured ratio or meets the stop loss limits, all orders will be closed to start a new entry cycle.
