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 loss covering system is integrated to allow the recovery of orders that are too distant from the current price. It is possible to filter the opening of a new cycle with an indicator.

It can work on both sides at the same time, but it is interesting to have it work on markets that have a rebate to maximize  profits over the long term.

Results are good on EUR/USD but you can use it everywhere by adjusting the settings. Timeframe H1.
Live signal: 
Share your best configuration set or find help on the discord: 
MT5: https://www.mql5.com/en/market/product/
Recommended Broker:  reviews) 

Inputs:

  • Buy enabled - Allow the EA to Buy.
  • Sell enabled - Allow the EA to Sell.
  • Rebate mode - Allow the EA to Buy or Sell only if there is a positive swap.
  • Maximum orders - Maximum order the EA can take simultaneously.
  • Start new cycle - Tell the EA to start a new cycle at the end of the current one.
  • Use indicator to start a new cycle -  Only start a new cycle if the indicator is overbought (for sell) or oversold (for buy) in the selected timeframe & period.
  • Indicator - Indicator to use (RSI, MFI or Stochastic).
  • Indicator Timeframe - Timeframe for the indicator.
  • Indicator Period - Period for the indicator.
  • Lot multiplier for martingale - Lot multiplier for martingale.
  • Initial martingale lot - Initial lot for martingale.
  • Initial martingale lot per balance - Balance per initial lot. (Ex: if Initial martingale lot = 0.01 & Initial martingale lot per balance 1000, lot will be 0.01 at 1000, 0.02 at 2000, 0.1 at 10000)
  • Grid lot - Lot for grid orders.
  • Grid lot per balance - Balance per initial lot. (Ex: if Grid lot = 0.01 & Grid lot per balance = 1000, lot will be 0.01 at 1000, 0.02 at 2000, 0.1 at 10000)
  • Maximum lot - Maximum lot the EA can use for an order.
  • Global TakeProfit - TakeProfit for the martingale. (It will also close grid orders)
  • Global StopLoss - StopLoss for the martingale. (It will also close grid orders)
  • Grid TakeProfit - TakeProfit for grid orders. 
  • Grid StopLoss - StopLoss for grid orders.
  • Distance between grid orders - Distance between two grid orders.
  • Distance between martingale orders - Distance between two martingale orders.
  • Distance added every new martingale order. Distance added every new martingale order from last.
  • Order number for loss covering. Must be >= 2 - Number of martigale orders that need to be open for activate the loss covering system.
  • Loss covering TakeProfit - Loss covering TP
  • Magic number - The magic number.
  • Show buttons and informations - Display buttons and informations box in the chart.

Recommended balance: low risk: +10,000$, medium risk: +3,000$, high risk: ±500$.

WARNING: I sell all my products only on the official MQL5 website. If you see it somewhere else, it's a scam.


   

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