Trading Robots for MetaTrader 5
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MetaTrader 5
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Overview
Semi Martingale EA
EA features:
- - EA helps to open recovery trades after the first trade placed by the trader.
- - This EA works well with other EA.
- - Trader is allow to open first trade based on his analysis, which increase the chances of closing the trades with Take Profit.
- - EA has fake take profit setting to confuse broker.
- - EA has trailing stoploss function, allow trader to maximize profit.
- - EA open recovery trade only at the opening of new candle if criteria are met.
- - Take Profit can be set as dollar.
- - StopLoss & CutLoss Functions.
- - Auto set to Breakeven when trade layers is reached.
- - Pipstep exponential making the distance between two trades dynamic.
EA Parameters explain
| Parameter | Recommended | Remarks |
|---|---|---|
| TakeProfit Option: | Pip TP | - Dollar TP/ Pip TP - There are two modes of TakeProfit for your trades. |
| Fake TakeProfit(pip): | 50 | - This takeprofit is a hardcore setting which will reflect in your trade. - This fuction is ignored when “Dollar TP” is chosen. |
| Real TakeProfit(Pip): | 4 | - This is real takeprofit, it it usually lower than “Fake TakeProfit”. - Your trade will hit this real takeprofit before hitting the fake takeprofit. - This setting is ignored when “Dollar TP” is selected. - “0” means Breakeven. |
| StopLoss(Pip) | - Set a StopLoss to trades. | |
| Real TakeProfit($$): | - EA will calculate your required profit dollar and set it as a hardcore takeprofit in your trades. - This function is ignored when “Pip TP” is chosen. - “0” means Breakeven. | |
| Real StopLoss($$) | - Close trade(s) when the amount stop loss is reached. | |
| Recovery Options | Pipstep & Candle Closed/ Pipstep Only | - "Pipstep & Candle Closed": New recovery trade open when the pipstep value is reached and at the closed of the current candle. - "Pipstep Only": New recovery trade open when the pipstep value is reached. |
| Pipstep: | 15 | - This is the minimum pip distance between two trades. |
| Pipstep Exponential Rate: | - Pipstep will increase according the this rate as the layer increases. - Set at "1" means the pipstep will remain the same. | |
| Lotsize Exponential Rate: | 1.3 | - This is the multiply factor for the next trade lotsize. - Example: (Setting at 1.3) if the first trade open with a lotsize of 0.10, the next trade will be 0.13. - Set at “1” means that your following trades will have the same lotsize as your initial trade. |
| Breakeven Level: | 5 | - When trades layer reach this setting, EA will set the take profit to the breakeven point. - This function increase the level of protection to account, and reduce the chances of margin call. |
| Breakeven Level + pip | 1 | - This is a compensation to breakeven point. while "0" = exact break even point, "1" means break even point + 1 pips (So when breakeven level is hit, trader actually has 1 pip of profit, and so on. |
| Maximum Trade Allowed: | - EA only permit to open the number of trade allowed. | |
| Maximum Spread Allowed: | - When spread over this number, EA will not open new trade until spread drop below this amount. | |
| Trailing function: | - True: turn on trailing function. - False: turn off trailing function. | |
| Trailing Start pips: | - “0” means trailing function will be activated when your trades breakeven. - “10” means trailing function will be activated when your trades have a total profit of 10 pips. | |
| Trailing Distance: | 10 | - This is the distance from the current price when trailing function activated. |
| CutLoss - Dollar | - Close trade(s) when the amount stop loss is reached. | |
| CutLoss - Percentage (%) | - Close trade(s) when the % of equity is reached. | |
| Automatic Start Trade | True/False | - This is for testing of EA functionality purpose. Please turn it to "FALSE". |
| Backest Direction | - Test on Buy/ Sell/ Buy & Sell |
Notes in using this EA
PLEASE SET THE BACKTEST SETTING "AUTOMATIC START TRADE" TO "FALSE".
$1,000 ($10 cent account), below this capital is not recommended to use this tool.
