SmartDayMultiStrat EA MT4

SmartDayMultiStratEA - Expert Advisor for MetaTrader 4

IMPORTANT! After the purchase please send me a private message to receive the installation manual and the setup instructions.

Overview

SmartDayMultiStratEA is a sophisticated Expert Advisor (EA) designed for MetaTrader 4, offering a robust daily trading system with six independent strategies. Developed by I TRADE FC, this EA combines advanced money management, flexible strategy configurations, and a detailed performance dashboard to empower traders in the forex market.

What is SmartDayMultiStratEA?

SmartDayMultiStratEA is an automated trading system that operates on daily charts, utilizing six distinct strategies: Gap, Engulfing, Harami Reversal, Continuation, Reversal, and Yesterday High-Low Breakout. Each strategy can be individually enabled or disabled, allowing traders to tailor the EA to their preferred trading style and market conditions.

Key Features

• Six Independent Strategies: Includes Gap, Engulfing, Harami Reversal, Continuation, Reversal, and Yesterday High-Low Breakout, each with configurable Take Profit (TP), Stop Loss (SL), and Trailing Stop Loss (TSL) settings.
• Advanced Money Management: Features risk percentage per trade (default 2%), maximum drawdown protection (default 20%), and a recovery threshold to pause trading after significant losses.
• Recovery Mode: Optional recovery system for each strategy with customizable lot size multipliers to recoup losses.
• Time Filter: Restrict trading to specific hours (e.g., 01:15 to 23:45) to avoid low-liquidity periods.
• Spread and Slippage Control: Ensures trades are executed only when spread is below a set threshold (default 30 points) and includes slippage control (default 3 points).
• Performance Dashboard: Displays a customizable on-chart table showing strategy status, total trades, wins, losses, win percentage, profit, loss, and account balance/equity.
• Flexible Table Positioning: Choose from four chart corners for the dashboard display, with customizable font size and colors.
• Error Handling: Comprehensive error management with detailed logging for trade operations.

Strategy Details

1. Gap Strategy: Trades price gaps at the daily candle open, with dynamic or fixed TP/SL settings.
2. Engulfing Strategy: Identifies bullish or bearish engulfing patterns for high-probability reversal trades.
3. Harami Reversal Strategy: Detects Harami patterns for potential trend reversals.
4. Continuation Strategy: Capitalizes on strong momentum moves continuing the previous day's direction.
5. Reversal Strategy: Targets reversals when price fails to sustain new highs or lows.
6. Yesterday High-Low Breakout: Places BuyStop/SellStop orders based on the previous day's high and low, ideal for breakout trading.

Advantages

• Customization: Enable/disable strategies and adjust TP, SL, TSL, and recovery settings to match your risk tolerance and trading goals.
• Risk Management: Built-in drawdown protection and recovery mechanisms safeguard your capital.
• Transparency: Real-time performance dashboard provides clear insights into each strategy’s performance.
• Versatility: Suitable for various market conditions due to multiple strategies operating independently.
• User-Friendly: Easy-to-configure parameters and a visually appealing interface enhance usability.
• Reliability: Robust error handling and spread control ensure stable operation in volatile markets.

Why Choose SmartDayMultiStratEA?

• Multi-Strategy Approach: Diversify trading signals to capture opportunities across different market scenarios.
• Automation: Save time with fully automated trade execution and management.
• Performance Tracking: Monitor strategy effectiveness with detailed statistics displayed on the chart.
• Developer Support: Backed by I TRADE FC, with resources available at t.me/i_trade_fc for support and updates.

Installation and Setup

1. Copy the SmartDayMultiStratEA.mq4 file to the MetaTrader 4 Experts folder.
2. Attach the EA to a daily (D1) chart of your chosen forex pair.
3. Configure parameters such as RiskPercent, MaxSpread, and strategy-specific settings (e.g., EnableGap, FixedTP_Gap).
4. Ensure the EA is enabled (AutoTrading button on) and monitor the dashboard for performance.

Recommendations

• Backtesting: Test the EA on a demo account or MetaTrader’s Strategy Tester to optimize settings for your preferred pairs.
• Broker Compatibility: Use with brokers offering low spreads and reliable execution.
• Risk Settings: Adjust RiskPercent and MaxDDPercent based on your account size and risk tolerance.
• Time Filter: Set trading hours to align with high-liquidity market sessions.

Support and Community

For SET FILES, questions, customizations, or trading insights, join our community:

• Telegram: t.me/i_trade_fc
• YouTube: youtube.com/@itradefc
• X: x.com/I_TRADE_FC

Empower your trading journey with SmartDayMultiStratEA – precision, flexibility, and performance in one powerful package.