FXMultiOrders EA was programmed to open up to 5 multiple positions trading all at the same time. It will open positions / orders based on overbought and oversold territory of different timeframes from M1 up to D1. It will open Sell if the price is in overbought territory and Buy if the price is in oversold territory and will automatically closed all positions once they become positive.
The EA have alert signal warning feature that will pop-up on your MT4 trading screen if there is a possible reversal of trend against particular pair and this feature is only available during live trading and it will not appear during backtesting using Strategy Tester. This alert signal warning feature can help you to decide your next move or strategy to apply if the trend is against your account for a particular trading pair for more than 3 hours or if there is a possible reversal of trend against particular trading pair, you have many options or different strategy to apply like Stop Loss, Cut Loss, Hedge, Grid or Hold position, etc.
It will only close once in positive. It's possible for this EA to open more than 50 trades in 1 day (see 1st 3 screen images below). I recommend at least a minimum fund of $500 to $1000 at 0.01 lot as this EA will open 5 positions simultaneously and with at least 1:500 leverage or above but if your leverage is below 1:500 a minimum fund of $2000 or above is recommended. To get a better results, it is recommended to put the EA on multiple charts with different trading pairs using M5 or M15 timeframes (see image #10 for format), it is not recommended to trade using 1 pair only. Any MT4 broker with 5 decimal places and very low and tight spreads are recommended, ECN broker are also highly recommended.
Features and Benefits
- It can open 5 multiple positions and trading all at the same time;
- Low minimum fund of $500 to $1000 at 0.01 lot with at least 1:500 leverage or above is fine, Cent or Micro account are also welcome;
- With Alert Signal Warning feature that can help you to decide your next move or strategy if there is a possible reversal of trend against a particular pair;
- It can trade on any MT4 trading platform of any Forex broker of your choice and on any trading pairs;
- 24 hours a day 5.5 days a week of non-stop trading;
- You can used the trades or signals generated by this EA on Binary Options trading, and;
- You still have the option to operate it on 100% autopilot or an option to trade together with EA by opening and closing positions manually.
- LotSize - you can enter a value from 0.01 lot up to the maximum lot size allowed by the broker (0.01 LotSize for every $100 to $500 depending on leverage)
- StartingFund - you have to enter your starting fund (your initial or total deposit) as this is the basis for the computation of profit and losses
- ReversalAlert – if set to 1, the EA will give you alert signal warning that will pop-up a message window on your MT4 screen “Possible reversal of trend” message, to switch off the alert signal warning, set the value to 0 and the message will display beside EA
I make this EA very simple with no complicated input parameters and I keep on improving this EA in the coming months and years to make it very flexible and user-friendly and more profitable with very minimal risk.
Using strategy tester is not suitable for testing this Expert Advisor because of some technical reasons and very limited functions, it must be tested on demo and real live trading account only for better results.
It is my intention not to include automatic use of Stop Loss, Cut loss, Grid or Hedge in this EA but you can use the alert signal warning feature of this EA. Anyway, you can request for the Users Manual of my EA FXMultiOrders and also I will provide you good tips and advice on how to handle those trades that still open for more than 3 hours so we can minimize drawdown.