Set files are in 'Comments' section.
S Mode is a system that opens trades in grid and works with hidden pending orders. It uses a special algorithm to partially close trades that goes in the wrong direction. For trades that cannot be closed partially it has a compounding system where a portion of each winning trade will be compounded to close loosing trades in full. The system not only focuses on increasing the account balance but also controlling the DD levels.
It is a one-chart-multiple-currencies EA that you can use with as many currencies as you wish by only using one chart. However as the number of currencies go up, so does the risk.
You can backtest using EURUSD H1 and it will ignore the other pairs entered in the 'Currency Pairs' field.
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Minimum recommended funds is $500 and a broker with at least 1:200 leverage recommended.
If your currency pairs are named differently by your broker, you will need to change it on the EA settings. Ex: EURUSDp
It is recommended to take profit every month.
Set files are given in comments section.
Please be careful if you are using this EA with multiple-pairs as it may cause high DD (or use small lot sizes). It best performs with a single pair, EURUSD giving the best performance). Avoid JPY and GBP pairs as they may become uncomfortably volatile.
Please note that the EA settings are all in points, not pips. So, if you wish to enter 10 pips, you should enter 100.
Currency Pairs: Insert here the pairs you would like to trade with in comma separated format. Ex: EURUSD, GBPUSD, USDJPY. Please note that it is not recommended to use it with too many pairs at the same time as it increases the risk.
Distance in points: Distance from the current price to create hidden pending orders.
Seconds to expire pending orders: Once a hidden pending order is opened, it expires after the given timeframe.
Take Profit: Take profit level in points (Default 400 points = 40 pips)
Stop Loss: Stop loss level for each order
Max Spread: If the current spread is above this value, it does not open a new order.
Max Slippage: If the slippage is above this value, it does not open a new order.
Comments: Comment you wish to see on MT4 order
Lot Size Type: You can chose to trade in fixed lot or the EA automatically calculate lot size based on your account balance.
Fixed Lot Size: If you have selected to trade with Fixed Lot Size, insert here what the lot size should be.
Auto Lot Per 1000: If you have selected to trade with Auto Lot Size, enter here the lot size you wish the EA to open per $/£/Eur 1000.
Re-calculate auto lot size only when there are no trades open: If there are already open orders, you can choose not to change the lot size when a new order is opened.
Use TS? : If you wish to use Trailing Stop Loss, enable this.
Trailing Stop: Trailing stop in points.
Trailing Stop Activation: Insert here in points when you wish the trailing stop should be activated.
Activate partial close settings: Keep it as 'true' for this strategy to work.
Max percentage of trades to use (3 stages): For every winning trade, use this percentage to close some losing trades.
Minimum points reached on trades to be partially closed (3 stages): Insert here how many points after a trade goes in loss you wish to apply that percentage.
Activate full close settings: If you wish to close all trades when a specific DD or PL occurs, enable this.
Close all positions everytime the equity goes up by %: It closes all open orders when the equity goes up by that %.
Close all positions everytime the equity goes down by %: Depending on your risk appetite you can choose to close all trades when there is a certain % of DD
Open a new trade when loss reaches multiples of (points): You can set here when you expect an additional trade to be opened when a trade goes in loss.
Level Limit: Maximum number of trades that can be opened per pair.
PLEASE NOTE THAT MARKETS CHANGE ALL THE TIME AND PAST PERFORMANCE IS NOT INDICATION OF FUTURE PERFORMANCE. USE THIS EA AT YOUR OWN RISK AND TRADE RESPONSIBLY.
- To help keep the DD lower, a new functionality has been added to close the last trade in break even or at any positive value if there is only one order left on a pair and the lot size is bigger than the initial size.