VSM Basket EA v1

VSM Basket EA v1 is a MetaTrader 4 Expert Advisor designed for structured basket trading with H1 trend confirmation, M1 arrow-based entries, news protection, average basket management, and a clean visual control panel.

The EA uses the VSM Indicator to identify the higher-timeframe trend and confirm entries using the lower-timeframe arrow signal. It is designed for rule-based trading instead of random grid entries.

Main Strategy

Buy logic:
H1 Trend = Buy
M1 Arrow = Buy

Sell logic:
H1 Trend = Sell
M1 Arrow = Sell

The EA opens a base trade only when the required trend and arrow conditions are matched. All active trades in the same direction are managed as one basket using the total-lot weighted average price.

Key Features

  1. H1 Trend + M1 Arrow Entry
    The EA uses higher-timeframe trend direction and lower-timeframe entry confirmation for cleaner trade selection.
  2. Basket Average Management
    Take profit, stop loss, lock profit, and trailing stop are calculated from the total-lot weighted average basket price.
  3. Negative Martingale
    If the base trade moves against the entry, the EA can place a negative martingale order between the base order price and the stop loss level using the same lot size.
  4. Profit Martingale
    When the basket reaches the selected average profit level, the EA can add a profit martingale order in the same direction. Basket TP, SL, lock profit, and trailing stop are recalculated from the new average price.
  5. Profit Lock and Trailing Protection
    The EA can lock minimum profit once the basket reaches the selected average profit level. After trailing starts, the stop loss only chases profit and does not move backward.
  6. News Filter
    The EA includes a ForexFactory/FairEconomy news filter to block entries during important economic events.
  7. EURUSD Ready
    This version is configured for EURUSD trading by default, with EUR and USD news filtering.
  8. Auto Lot Option
    The EA supports automatic lot calculation based on account balance. The default setting is adjustable from the inputs.
  9. Visual Panel
    The chart panel shows live trading details, including H1 trend, M1 arrow signal, news status, session status, basket average price, average profit, open orders, TP, SL, lock, trailing, and martingale status.

Minimum Recommended Balance

Minimum recommended account balance: 500 USD.

This minimum balance is recommended for safer testing and more stable basket management. Users with smaller accounts should reduce lot size and risk settings carefully. For better safety, start with a demo account first and use conservative inputs before using the EA on a real account.

Recommended Use

Recommended symbol: EURUSD
Recommended timeframe: M1
Minimum recommended balance: 500 USD
Recommended testing: Demo account first
Trading style: Basket trading with trend and arrow confirmation
News filter: Enabled

Important Inputs

Lot and Risk:
UseAutoLotByBalance
LotPer1000Balance
BaseLot
MaxSpreadPips
MaxOrdersPerDirection

Entry Settings:
VSMIndicatorName
H1SignalTimeframe
M1SignalTimeframe
BuyH1Buffer
BuyM1Buffer
SellH1Buffer
SellM1Buffer
SignalShift

Basket Management:
TakeProfitPips
StopLossPips
UseTotalLotWeightedAverage
ApplySameAverageSLTPToAllOrders
LockStartPips
LockProfitPips
TrailStartPips
TrailGapPips

Martingale Settings:
EnableNegativeMartingale
NegativeMGPercentToSL
EnableProfitMartingale
ProfitMGStepPips
MaxProfitMartingales
PreventStopLossReverse

News Settings:
UseNewsFilter
NewsRefreshSeconds
NewsCurrencies
BlockLowImpactNews
BlockMediumImpactNews
BlockHighImpactNews

Risk Warning

Trading forex involves high risk. Basket and martingale strategies can increase risk during strong one-direction market movements. There is no guarantee of profit. Backtest results and past performance do not guarantee future results. Always use proper risk management and test the EA carefully on a demo account before using it on a real account.

Setup Notes

To use the news filter, enable WebRequest in MetaTrader 4:

Tools > Options > Expert Advisors > Allow WebRequest for listed URL

Add these URLs:
https://nfs.faireconomy.media
https://www.forexfactory.com

The VSM Indicator must be installed in the MT4 Indicators folder before running the EA.


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Ayush V Jain
5 (1)
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MQL TOOLS SL
4.29 (42)
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Olivier Nomblot
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Stanislav Tomilov
5 (11)
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4.67 (15)
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Adaptive Gold Scalper Important Pre-notice: This strategy requires a long period of practical verification, and favorable trading returns cannot be guaranteed in the short run. Traders must select brokers with ultra-low order latency, minimal slippage and zero/low stop level requirement; poor broker conditions will lead to disastrous trading results. I have over 14 years of professional trading experience.   With proper brokerage conditions and sufficient running time, this fully automated scalp
NEURALIS CORTOID GOLD   The Adaptive Intelligence Built Exclusively for XAUUSD     For NDX       https://www.mql5.com/en/market/product/187869   https://www.mql5.com/en/signals/2385985  ; Early days the brain started learning . You can set the EA one timeframe, one trade  . I use a few timeframes and a basket , but this EA in no way is a grid or martigale ; you set the lots and no of trades. Back tests on neurals are very difficult especially in mt4 ; the mt5 version of this EA has excellent ba
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Leonid Arkhipov
4.75 (4)
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