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Wait and See

Wait & See

Wait & See is a fully automated Expert Advisor. No manual trading is suggested. All screenshots belong to backtests with EURUSD H1 timeframe.


WARNING: Wait & See uses 1,2,3,4 and 5 as magic numbers. If you are using other Expert Advisors to send orders at the same time with Wait & See, do not use these preserved magic numbers for other orders.


Wait & See is based on three main steps: Open a new order, martingale if needed and take profit.

  • Open new order: Wait & See uses the MACD,RSI,Ichimoku,SMA and Stochastic Oscilator to open the first order.
  • Martingale: After opening a new position, if the trend goes the opposite direction, the Wait & See begins opening new positions with the same direction of the first order. The Stop Loss parameter defines the grid limits, and the predefined value is suggested.
  • Take Profit: Wait & See closes all orders if the predefined profit is reached. The TakeProfit parameter defines the profit amount to close orders, and the predefined value is suggested.


Recommendations

  • EA Settings: Use the default parameters.
  • Symbol: EURUSD is suggested.
  • Timeframe: H1 is suggested but also the other timeframes with low spreads can be chosen.
  • Brokers: ECN brokers, low spread/commission, 1:400 leverage, non-FIFO or FIFO.
  • Trading Condition: Ranging.
  • Minimum Deposit: $2000 .

Parameters

  • Lots - Initial volume to open positions.
  • MaximumRisk - Defines the maximum risk that user can have if the auto lot is true.
  • Autolot - Enables to optimizing the lotsize.
  • MaximumSpread - Limits to open new positions with high spread symbols.
  • MaximumLevel - The maximum number of the positions to limit the loses.
  • TakeProfit - Take profit value for each order set.
  • Stop Loss - To open a new martingale position, this parameter defines the separation between positions when the trend goes opposite.


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