Tomgoodcar Ivanka EA
- Experts
- Version: 1.0
📘 Tomgoodcar Ivanka EA: User Manual
Tomgoodcar Ivanka EA is an automated trading tool designed to assist with trade management. This EA utilizes a combination of Price Action analysis and a mathematical grid-based recovery system. Please note that this EA is a tool for executing your strategy and is not a guarantee of financial success.
⚠️ Risk Warning (Please read carefully)
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Market Risks: Forex trading involves high volatility. The use of grid-based or Martingale strategies carries a significant risk of capital loss, especially during periods of strong, one-sided market trends.
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No Profit Guarantee: Historical backtests or past performance data are for statistical reference only. They do not represent or guarantee future results.
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User Responsibility: The user assumes full responsibility for all trading activities. The developer is not liable for any financial losses incurred while using this software.
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Testing First: It is mandatory to thoroughly test this EA on a Demo Account for a minimum of 2-4 weeks to understand its risk management, drawdown behavior, and grid mechanics before applying it to a Live Account.
🛠 Recommended Configuration
To ensure the system operates within its intended risk parameters, please use the following setup:
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Account Type: Cent Account.
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Recommended Capital: 5,000 CENTS.
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Note: Starting with 5,000 CENTS provides better flexibility for risk management. It allows the EA to execute smaller lot increments and maintain higher margin availability during market fluctuations.
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Timeframe: H1 (1 Hour).
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Note: We recommend the 1-hour timeframe to better filter out short-term market noise and identify more consistent trend movements.
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⚙️ How the System Works
The EA operates based on four core logical components:
1. Trend Filtering and Smart Entry (SMC Logic)
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The system uses an Exponential Moving Average (EMA) to determine the primary market trend. It will primarily look for Buy opportunities in an uptrend and Sell opportunities in a downtrend.
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Entry Logic: Instead of entering randomly, the system looks for "liquidity sweeps" or "fakeouts," where the price briefly exceeds previous highs or lows and reverses, signaling a potential trend continuation or correction.
2. Recovery Grid
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If an initial position moves against the trend, the EA employs a grid-based recovery strategy. It opens additional positions at predetermined intervals (GridDistancePoints) to average the entry price.
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The system applies a multiplier (GridMultiplier) to subsequent lots to facilitate recovery, while maintaining a strict MaxTrades limit to prevent over-exposure.
3. Anti-Drawdown (Anti-DD)
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When enabled, this feature aims to reduce portfolio stress. When multiple orders are open, the EA can pair the first order (oldest) with the last order (newest). If the net profit of these two orders meets the AntiDrawdownProfit target, the EA closes them, reducing the total open position count and drawdown.
4. Safety and Daily Targets
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Daily Targets: The EA includes daily profit and loss limits (in USD). If the daily goal is reached or the max loss threshold is hit, the EA will stop trading for the remainder of the day.
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Broker Protection: The system monitors real-time market spreads and slippage. If market conditions are unfavorable (spread > MaxSpreadPoints), the EA will suspend trading to protect the account from poor execution.
💡 Best Practices
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Consistency: Keep the EA running on a reliable VPS (Virtual Private Server) 24/7 to ensure the grid recovery system functions correctly without interruption.
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Risk Management: Do not set the lot size or multiplier too aggressively. A conservative approach is generally safer for grid-based strategies.
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Capitalization: Ensure your account balance is sufficient to handle the grid steps. Using a Cent account (as recommended) helps maintain a safer margin level.
Disclaimer: By using this EA, you acknowledge that you have read and understood the risks associated with automated trading and the specific strategies employed by this software.
