Multi Timeframe Cash MT4
- Experts
- Obinna Stanley Osuji
- Versão: 1.0
- Ativações: 7
Multi Timeframe Cash
This Expert Advisor (Multi Timeframe Cash - MTCash) can be used to trade most currency pairs. Significantly high profits were recorded with GBPJPY, XAUUSD(Gold) and GBPAUD pairs. Generally, the EA is recommended for trading GBPJPY, XAUUSD(Gold), GBPAUD, GBPUSD, GBPNZD, AUDUSD, EURCAD, EURJPY, USDCAD, USDCHF and NZDUSD. Get the MT5 version here. Kindly connect with our Telegram Group for regular updates.
The signals of this Expert Advisor are derived from the interaction between 5 Technical Indicators in different Time Frames. Machine Learning was used in the selection of Indicator/Time frame combinations which yield the best results while considering risk.
RISK MANAGEMENT: The user can choose between using a Hard Stop Loss and Martingale. Using Hard Stop Loss is safer. However, using martingale achieves more trades and significantly higher returns. It should be noted that martingale is significantly riskier hence smart position sizing and other risk reduction strategies were integrated into the martingale system in this EA. Precisely, the Martingale Trade Management system implemented in this EA includes Draw-down Reduction and Recovery Technologies which make it much less risky. Additionally, Trailing Stop Loss is also implemented.
Links to the Set files for the best settings will always be updated in the comments tab of this page and here.
SETTINGS DESCRIPTION
Attach EA to 1 minute chart of the desired currency pair.
Please note that most default values are stated inside the EA inputs settings. Set Files are also provided here.
Indicator Settings
Set Indicators Time Frames, High & Low limits as well as Tolerances. Default values are provided inside the EA input settings
SL & TP Settings
The EA has two ways to take profit/stop loss. The EA chooses the best of the two during a trade. The first method is based on ATR (Average True Range) of the market at the time of the trade and the second is a hard TP/SL in points. (Points is Pips * 10). The EA defaults are fine.General Settings
If "Use Martingale & Recovery?" is set to True, manually change "Use Stop Loss" to False and vice-versa.
Lot Multiplier and Max Lot Size are only used if "Use Martingale & Recovery" is set to True
Recovery Settings
These settings only work if "Use Martingale & Recovery" is set to True. Default values are fine.
