Trading Robots for MetaTrader 5
Shopping cart
The cart is empty
MetaTrader 5
Top Rated Products MT5
Overview
Trend-Following Monte Carlo EA for Continuous Profit
No excessive optimization using AI or numerous filters has been applied.
Basic Information
- Currency Pair: SILVER (XAGUSD)
- Trading Style: Day Trading
- Maximum Number of Positions: 1 ( If the entry lot exceeds the maximum lot per position set by the broker, the entry lot will be split into multiple positions.)
- Maximum Lot Size: As per the broker's regulations
- Time Frame Used: M1
- Stop Loss: 80 pips
- Take Profit: 80 pips
- Hedging: None
- Product Type: MT5
- Other File Usage: None
- Special Notes: Single Position, Monte Carlo Method Adopted
Trading Logic Entry is executed when a trend is formed according to both the moving averages on higher time frames and the 1-minute chart. As a trend-following logic, it is strong in trending markets. The trades have a risk-reward ratio of 1:1, with a win rate slightly above 50%.
Money Management Method MonteCarism SILVER adopts the Monte Carlo method. A disadvantage of the Monte Carlo EA is that:
“If you don’t have infinite funds, there is a risk of breakdown due to increased lot size if losses continue.”
MonteCarism SILVER allows for the maximum size of the Monte Carlo sequence to be set, which can forcibly reset the Monte Carlo sequence to cut losses. This helps mitigate the risk of breakdown.
Furthermore, users can choose between simple interest and compound interest operations.
Overview of the Monte Carlo Method Using the initial sequence [1, 2, 3], the sum of the numbers at both ends will be the bet amount. If a loss occurs, the bet amount is added to the sequence; if a win occurs, the numbers at both ends are removed. When the sequence reaches 0 or has only one number left, one set of the Monte Carlo game ends, and the sequence resets to [1, 2, 3].
Parameters The parameters can be used with default values.
It is recommended to adjust the initial lot or initial risk ratio and the maximum Monte Carlo sequence based on margin status and risk tolerance.
When using the compound interest feature, please ensure that the entry lot is calculated correctly in backtesting with the broker you are operating with.
| Item | Description | Default Value |
|---|---|---|
| Magic_Number | Magic number. Input to ensure no overlap with other EAs. | 5610123 |
| LotOrLisk_Fix | Parameter to determine whether to use simple interest or compound interest mode. Input 0 for simple interest, 1 for compound interest. | 1 |
| Initial_Lot | Setting for initial lot (Lot). This is the unit of the Monte Carlo sequence. Necessary to input in simple interest mode. The lot size will be automatically adjusted based on the Monte Carlo sequence during operation. Note: In compound interest mode, this value is not referenced, so it can be any appropriate value. | 0.01 |
| Risk_Ratio | Setting for the initial risk ratio. Required in compound interest mode. Determines the percentage of margin to use for stop loss. Lot size will be automatically calculated based on this risk ratio during operation. Note: The unit is not in %. For example, 0.5% would be input as 0.005. In simple interest mode, this value is not referenced, so it can be any appropriate value. | 0.002 |
| MonteCarlo_SSS | Monte Carlo Stop Sequence Size. The maximum size of the Monte Carlo sequence. If this value is exceeded, the Monte Carlo sequence will reset. | 11 |
Determination of Entry Lot Size
- Simple interest: The initial lot is determined by applying the initial sequence [1, 2, 3] to the Initial_Lot and multiplying by the sum of the two outer numbers. Thereafter, the lot size will increase or decrease according to the Monte Carlo method.
- Compound interest: The initial lot is determined by applying the initial sequence [1, 2, 3] in such a way that the stop-loss amount equals Excess Margin * Risk_Ratio, and multiplying by the sum of the two outer numbers. Thereafter, the lot size will increase or decrease according to the Monte Carlo method.
Example (Simple Interest: LotOrLisk_Fix = 0, Initial_Lot = 0.02, MonteCarlo_SSS = 5)
| Trade Count | Monte Carlo Sequence | Entry Lot | Win/Loss | Next Monte Carlo Sequence |
|---|---|---|---|---|
| 1st | [1,2,3] | 0.08 | TP | [2] → [1,2,3] (Sequence size becomes 1, so reset) |
| 2nd | [1,2,3] | 0.08 | SL | [1,2,3,4] |
| 3rd | [1,2,3,4] | 0.10 | TP | [2,3] |
| 4th | [2,3] | 0.10 | TP | [] → [1,2,3] (Sequence size becomes 0, so reset) |
| 5th | [1,2,3] | 0.08 | SL | [1,2,3,4] |
| 6th | [1,2,3,4] | 0.10 | TP | [2,3] |
| 7th | [2,3] | 0.10 | SL | [2,3,5] |
| 8th | [2,3,5] | 0.14 | SL | [2,3,5,7] |
| 9th | [2,3,5,7] | 0.18 | TP | [3,5] |
| 10th | [3,5] | 0.16 | SL | [3,5,8] |
| 11th | [3,5,8] | 0.22 | SL | [3,5,8,11] |
| 12th | [3,5,8,11] | 0.28 | SL | [3,5,8,11,14] |
| 13th | [3,5,8,11,14] | 0.34 | SL | [3,5,8,11,14,17] |
| 14th | [1,2,3] | 0.08 | TP | [2] → [1,2,3] (Sequence size becomes 1, so reset) |
Disclaimer FX trading carries a high risk and may result in a loss of principal. In the event of sudden market fluctuations, there may be losses that exceed the settings, as stop-losses may not function as intended. Results from EA backtesting and forward testing do not guarantee future profits. The trading performance of the EA may vary depending on the broker and VPS environment used. While we strive to verify any bugs or issues, we cannot be held responsible for any losses incurred due to malfunction. Please invest at your own discretion and responsibility. By understanding this, you may proceed with usage.
- SmaSurf クイック検索
- SmaSurf クイック検索
- SmaSurf クイック検索
