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Averaging down EA

This cost averaging Expert advisor (EA) places additional trades in the same direction as the original (manually opened) order when the price goes against you. It can be used as a grid system or as pure martingale system (exponential increasing of lot size) or smoothed martingale (for instance linear increasing of the lot size). Due to the risk involved, this EA is more suitable for intermediate to advanced traders who are well aware of how to handle risk management and trading an already profitable strategy or EA.

The EA can manage any manual or other EA trade for the symbol on which this EA has been loaded.


Features

  • Many options to select from when an averaging down (grid) order should be opened.
  • Possibility to open a lock (hedge) order for fixation of the floating loss.
  • Information about the actual status of the order basket is showed in the upper right corner of the chart.

The EA supports ECN accounts and complies with NFA FIFO regulations. The EA can be used with a US broker account only when Lock (hedge) order is disabled.


It is recommended to test this EA on a demo account for a week to get a clear picture of how it behaves with different settings.


Input parameters

Please find the description and explanation of the input parameters here.


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Версия 1.5 2019.08.20
- added the possibility to use a distance multiplier
Версия 1.4 2019.04.22
- added an option to let the EA set take profit for the first manual order
Версия 1.3 2019.04.01
- added spread filter
- added RSI strategy (for testing the EA in the strategy tester)
Версия 1.2 2019.02.12
- added possibility to use another distance for the first averaging/grid order
Версия 1.1 2018.12.18
- corrected an issue with the FIFO close logic