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ForexTrade Magic

It is an advanced counter-trend grid Expert Advisor from the FOREXTRADE series which can trade on any account type with any deposit. It is a completely automated trading system that does not require constant optimization or trader's control. This version provides additional equity control functions — when a specified risk value is reached, all trades are automatically closed; next lot multiplier — it can now be activated after a certain number of trades or at a specified drawdown % of balance, before that trades are opened with a starting lot based on MM or initial lot with ManualLots. Moreover, this version features an additional series of trend following trades — pyramiding, market orders are applied. I do not recommend using ForexTrade Magic together with other EAs, as it can lead to a very large load on the deposit. Begin testing the EA with the minimum lot. This will help you understand how it works, without a large risk to your account.


Parameters:

  • TimeStart — trading start time;
  • TimeFinish — trading end time;
  • UseMethod — control of next lot multiplier (MaxDrawdown or MaxTrades);
  • MaxDrawdown — maximum drawdown per symbol as % of balance;
  • MaxTrades — maximum number of open orders per symbol;
  • UseEquityStop — enable stop based on the equity value (TotalEquityRisk);
  • TotalEquityRisk — equity risk;
  • Piramiding — enable pyramiding;
  • StepPiramid — order opening step in pyramiding;
  • MM — traded lot is calculated based on risk per trade;
  • EquityRisk — risk percentage per deal for trading lot calculation;
  • ManualLots — starting trading lot if MM=false;
  • MaxLots — max lot in the order series;
  • TakeProfit — take profit;
  • LotMultiplikator — lot multiplier;
  • MinPriceStep — the minimum price distance to place new orders;
  • DistanceOrderSent — distance from the price to place new orders;
  • TimeFilter — the time filter is set in minutes;
  • Magic — magic number;
  • Com — a comment to trades;
  • Fr_TimeFrame — Fractals indicator timeframe;
  • MA_TimeFrame — Moving Average indicator timeframe;
  • MA_Period — the averaging period of Moving Average;
  • MA_Method — the averaging method of Moving Average;
  • MA_Price — price used for Moving Average;
  • FiboLevel — Fibo level for opening trades;
  • Backstep — minimum number of candles between connected points (ZigZag);
  • Deviation — minimum distance between local extrema in percentage % (ZigZag);
  • Depth — shortest distance (in candles) a new maximum or minimum will be drawn at;
  • Action — type of trade. Rebound level = roll back from the level, Breakout level = level breakthrough;
  • TrailingStart — number of points to start trailing for the grid;
  • TrailingStep — trailing step for the grid;
  • ShowInfo — display/hide information on the trading;
  • Languages — language of the displayed trading data;
  • TextColor — displayed data color.
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