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Hammer

Hammer is a combined Forex strategy consisting of several trading strategies. The main market entry strategy implies a breakthrough or a pullback from the MA level over a chosen period. When the price reaches the moving average level, two pending orders are placed (STOP or LIMIT depending on the EA settings). Orders have stop loss and take profit. Profitable orders are accompanied by trailing stop. Extreme trading lovers can use additional trading strategies. A trader decides whether to use such strategies, namely Martingale or Order Grid. Every trading strategy has its own parameters and works independently of others. You can decide whether to use them or not. Below are given examples of the EA testing on 99.90% quotes with enabled and disabled additional strategies.

Parameters:

  • TypeOrder - order type, LIMIT or STOP;
  • BalanceRisk - calculation of trading lot from the balance/free margin;
  • Lots - fixed trading lot, if BalanceRisk = 0;
  • TakeProfit - take profit;
  • StopLoss - stop loss;
  • Indent - distance from the current price to place pending orders;
  • Magic - magic number of orders;
  • MA_TimeFrame - Moving Average timeframe;
  • MA_Period - Moving Average period;
  • MA_Method - Moving Average averaging method;
  • MA_Price - Moving Average price type;
  • MA_Shift - Moving Average shift;
  • TimeStart - the EA start time;
  • TimeFinish - the EA end time;
  • Martingale - enable/disable Martingale function;
  • LotsMultiplier_ - previous lot multiplier in case of unprofitable deal;
  • Grid - enable/disable order grid function;
  • LotsMultiplier - lot multiplier;
  • FirstStepOrders - initial step of order grid opening;
  • StepMultiplier - order grid step multiplier;
  • Trailing - enable/disable trailing stop function;
  • TrailingStart - the minimum number of points passed from the order open price for the trailing;
  • TrailingStop - the number of points to start trailing stop;
  • TrailingStep - the step of the trailing stop;
  • ShowInfo - display/hide information on the trading;
  • TextColor - displayed data color.
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