White Walker

White Walker is fully automated expert advisor trading two majors: EURUSD and GBPUSD.

It's looking for a strong market movements followed by trend consolidation, enters the market by the trend.

It can be optimised to work on different pairs and timeframes - all relevant parameters are available for tweaking and optimisation.

The advisor is ready for 4 and 5 digits accounts, can work on 3 and 2 digit pairs (such as XXXJPY and XAUUSD)

It can be configured to use grid/martingale, but long-term tests show much better recovery with grid disabled.

Set files

General Settings

• Order comment: comment that EA will use for the order
• Magic number: Magic, can be the same across pairs

Money Management

• MM strategy: Fixed lot or or dynamic proportionate to Balance, Equity or Free Margin
• Base lots size: If a fixed lot strategy chosen, that will be the volume of every deal. Otherwise this is a base for dynamic allocation
• Account currency per base lots size (when MM is on): Balance/Equity/Free margin amount per Lot in case of "MM strategy" isn't "Fixed lot"

Safe Guards

• Draw down stop (in account currency per min lot): Equity protection, EA will close all positions if negative floating profit exceeds this limit. Recommended for grid only.
• EquityHardStop (in account currency): Equity protection, EA will close all positions if account equity goes below this level. Recommended for grid only. 
• Open sell orders: EA will open sell orders if this flag is set to true
• Open buy orders: EA will open buy orders if this flag is set to true

Common Exit Settings

• Stop Loss, pips: Stop loss for every order
• Take Profit, pips: Take profit for every order
• Take profit, account currency (per start lot): Take profit in account currency (scaled to the start lot). This option is useful to bring take profit closer for the grid
• Move stop to breakeven when profit, pips (0 - off): When order reaches specified profit in pips, EA will move its Stop Loss to breakeven level. Set to 0 to disable this feature

Grid

Grid mode: 

• No grid: EA won't open another order in the same direction (recommended)
• Signal: open another order on another signal in the same direction, conditional to distance constraints
• Just distance: open another order once price had travelled the specified distance against open position
• Maximum orders in one direction: limit on the number of open orders in the same direction
• Open on candle or tick: when the price moves aggressively, it is often better to open next grid step on the next bar to avoid additional drawdown
• Grid spacing: required minimum distance between the orders in the grid
• First grid level to multiply (1 means second order): number of the orders that will be averaged (same lot as the first)
• Last grid level to multiply (3 means 4th order): when should EA stop multiplying lot - all subsequent orders will be open with the same lot as the last one
• Lot Factor: factor to multiply lot