Machine
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Machine X3 EA is designed to trade at multiple price action levels simultaneously. Instead of avoiding draw down, this EA embraces it and takes advantage of it.
This system uses 3 independent baskets of positions to employ more opportunities that may arise. The more draw down that occurs, the more the 2nd and 3rd baskets of this EA operate.
Machine EA is designed to open all 3 baskets when long trends occur, utilizing retracements. Entry levels are based on tight Bollinger Bands and distances. Due to the nature of the design, at times this EA may use the majority of available margin for its strategy. The settings for this EA can be utilized to be as aggressive or as conservative as one would prefer.
If you like this free Machine X3 EA, please leave a review. Also, Machine Wizard is now available, an 11 basket system instead of 3. Click link below.
Recommended Usage:
- Timeframe recommended M15. Aggressive M5. Very Aggressive M1.
- Pair: EURUSD
- Leverage 1:200 Minimum
Indicator Parameters:
- Both Directions- When TRUE the EA will trade in both directions simultaneously.
- Friday stop opening trades after (hr)- The hour at which the EA will stop opening new baskets of trades on Friday.
- Max Spread- The maximum spread allowed that the EA will open a trade.
- Slippage- The Maximum slippage allowed that the EA will open a trade.
- Original Magic- The Magic number for the First basket.
- Basket 2 Magic- The Magic number for the Second basket.
- Basket 3 Magic- The Magic number for the Third basket.
- Use Unit- The option to use Pips or Points for the figures of the EA.
- Strategy is ON- When on True the EA is on. If the basket has open trades and this gets turned to False, the EA will continue to open counter trades until the basket is closed.
- Reverse Mode- When set to True the EA will open in the opposite direction of it's original design.
- Wait for 2nd and 3rd closure- When to set True, the original basket will wait to re-open a an initial trade until basket 2 & 3 have both closed.
- Forex Freedom is ON- When set to True, the original basket is using the Forex Freedom indicator as part of its initial entry.
- Bollinger Bands is ON- When set to True, the original basket is using Bollinger Bands as part of its initial entry.
- Max Buys- the maximum number of counter buys allowed for the original basket.
- Max Sells- the maximum number of counter sells allowed for the original basket.
- Position size- the size of the initial and counter positions in order.
- Distance between positions- the distance between the initial positions and counters.
- Profit per position- the amount of profit for the initial and counter positions opened in order.
- Profit Trail Start for Buys- The dollar amount for which the EA will begin the trail.
- Profit Trail Stop for Buys- The dollar amount for which the EA will lock.
- Profit Trail Start for Sells- The dollar amount for which the EA will begin the trail.
- Profit Trail Stop for Sells- The dollar amount for which the EA will lock.
- Start after original Buys- The number of counter buy trades the original basket needs to have open before basket 2 will open its initial buy trade.
- Start after original Sells- The number of counter sell trades the original basket needs to have open before basket 2 will open its initial sell trade.
- Minimum Distance from the 1st- The minimum number of pips that basket 2 looks at from basket 1's initial position before it can open and re-open an initial trade.
- Gap between the lines of bars- The gap distance between the line of the bars used.
- Period_1- The timeframe to which the EA will use as a condition of the indicator.
- Period_2- The timeframe to which the EA will use as a condition of the indicator.
- Period_3- The timeframe to which the EA will use as a condition of the indicator.
- Period_4- The timeframe to which the EA will use as a condition of the indicator.
- Auto Display- when set to True the display of the indicator will be shown.
- Bar Index- The number of bars used.
- Period- The period at which the bands will be used.
- Deviation- The Deviation number at which the bands will resemble.
- Bar Index- The number of bars used.
- Show Panel- When True, the display panel will be on the chart used.
I tested Machine on gold with my own input parameters and the results are positive so far. Stable performance and good trades. Appreciate the author.