Smart Strategy EA
- Experts
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Ahmad Bin Fawzi Bin Al-akhdar Al-fazai
Ahmed - independent trader and MQL5 developer.
8+ years of experience in the Forex and Gold markets.
I develop Expert Advisors and indicators for MetaTrader 4 and MetaTrader 5, built on rule-based logic and risk management. I also provide Forex trading signals. - Versione: 1.0
- Attivazioni: 20
Smart Strategy EA — MetaTrader 5 Expert Advisor
Smart Strategy EA is a multi-mode Expert Advisor for MetaTrader 5. It offers three trading modes in one program: signal-based trading, a recovery mode and a grid mode. Please note that the recovery and grid modes use martingale-type lot progression and can hold several positions at the same time, which increases risk significantly. The signal-based mode trades single positions.
Signal sources
Signals can come from any custom indicator that provides Buy and Sell buffers, or from the built-in Trend Breakout Catcher, an ATR-based breakout detection that uses only closed bars and does not repaint.
Trading modes
Signal-based mode opens a trade on a buy or sell signal, closes it on an opposite signal, and manages stop loss, take profit, breakeven and trailing stop. Stop loss and take profit values can also be read from custom indicator buffers.
Recovery mode starts with a base position and adds positions at increasing distances with a progressive lot multiplier (1.5 by default). Positions are closed together at a global take profit in money or percentage, and a maximum number of levels can be set.
Grid mode places trades at configurable price steps, either in both directions (pure price grid) or in the direction of the indicator bias (directional grid). It uses a lot multiplier per level and a basket take profit.
Risk controls
Available controls include a maximum drawdown limit (30% by default), maximum spread, maximum number of positions, maximum daily trades, maximum lot per trade, minimum free margin, time and day filters, and a news filter based on the economic calendar. Lot size can be fixed or calculated from a risk percentage and the stop-loss distance. Trailing stops can be fixed or ATR-based, and breakeven can lock a set number of points.
These controls limit exposure but do not prevent losses. In recovery and grid modes, losses can grow quickly when the market moves strongly in one direction.
Control panel
The on-chart panel shows the EA status, current mode, buy and sell position counts, total lots, current profit or loss, drawdown and trades today. Buttons allow you to pause or resume new trades, close all positions and switch the trading mode without restarting the EA. A custom optimization criterion is included for the Strategy Tester.
Requirements
MetaTrader 5, a demo or real trading account, and an internet connection for the news filter. The EA can run on Forex pairs, metals, indices and other instruments with standard symbol properties. Test your settings on each symbol before live use, because spreads and point values differ between brokers.
Risk disclaimer
Trading involves substantial risk of loss, and martingale and grid methods carry a higher risk of large drawdowns. Past performance does not guarantee future results. Always test on a demo account first, start with conservative settings, and never trade with money you cannot afford to lose.
Support
For product questions, please use the product comments or MQL5 private messages.
