Averaging growth MT4 Expert advisor

Averaging and scalping system. Always trading in the direction of trend and momentum. Aggression can be fluently modulated, due to the use of increase factor. Increase factor allows increasing the leverage on consecutive averaging trades. Application of this function allows quicker liquidation of all existing trades. EA also takes advantage of exponential function, which allows placing the largest trade at best possible price. The gap on consecutive trades will be exponentially increased. Profit target will remain the same and in scalping range. This ensures, that we don't need much of a correction to get out of trade in profit. EA is therefore able to take advantage of market volatility, trade often and get out of trade fast.

How does it work

Trend is defined using EMA pair. Momentum is confirmed by price closing outside the bollinger bands tunnel in the direction of trend. Each entry must follow defined trend and momentum. If initial entry fails, EA will place averaging trades in distance growing according to exponential function. Leverage on consecutive trades can be increased using increase factor (0: no increase, 3: high aggression). All existing trades are closed either at max loss or target profit defined at EA inputs. Use only on one currency per account and do not open any other positions. Modify targets proportionally with lot size (in account currency).

Inputs

• EMA filter: Must confirm the trend direction. EMA fast must close above EMA slow for uptrend confirmation and vice versa
• Bollinger bands signal: Price closing above BB tunnel for long trade entry/ below BB tunnel for short entry. Momentum signal.
• Averaging module: If trade exists, new trade can only be opened if overall account profit is less than: -(negative)Averaging intervaL*LOTSIZE*(EXPONENTIAL FUNCTION*NUMBER OF OPENED TRADES PER THAT SIDE). Warning: EA works only on one currency pair per account. Also, manual trades cannot be opened while EA operates.
• Increase factor: Strategy increase lotsize of each consecutive averaging trade. Calculation: Increase factor*number of opened trades(averaged side)*lotsize+lotsize. Increase factor with value 1 is least agressive.
• MAX number of trades (5 in test): Expert advisor can work with more than one trade opened per side. This parameter will modify number of trades that can be opened per side at the same time.
• Closing module: Expert will close all existing trades at once as soon as the overall account profit reaches target profit/max loss. Use only on one currency per account and do not open any other positions. Modify targets proportionally with lotsize (in account currency).
• Magic number buy/sell: You can modify this number but do not use expert advisor with any other expert on account.
• MAX slippage:
• Spread filter:
• Lot size:

Rules of the expert advisor

SELL

1. No long trade exists.
2. EMA fast trending below EMA slow. Downtrend is present in the market. Enter short only.
3. Price candle closing below bottom BB band.
4. If trade exists, account profit must be less than averaging module calculation criteria.
5. We enter short on candle close.
6. We close all existing short trades at target profit/max loss defined in inputs (adjust those proportionally to used lotsize).

BUY

1. No long trade exists.
2. EMA fast trending above EMA slow. Uptrend is present in the market. Enter long only.
3. Price candle closing above upper BB band.
4. If trade exists, account profit must be less than averaging module calculation criteria.
5. We enter long on candle close.
6. We close all existing long trades at target profit/max loss defined in inputs (adjust those proportionally to used lotsize).

Test Results (Control points EURUSD 1H, 2003.01.01 - 2016.11.24)

• Bars in test 87138
• Ticks modelled 2147258
• Modelling quality n/a
• Mismatched charts errors 0
• Initial deposit 2000.00
• Spread 10
• Total net profit 5698.50
• Gross profit 26986.16
• Gross loss -21287.66
• Profit factor 1.27
• Expected payoff 0.36
• Absolute drawdown 9.53
• Maximal drawdown 333.52 (6.10%)
• Relative drawdown 7.73% (213.10)
• Total trades 15961
• Short positions (won %) 7941 (77.30%)
• Long positions (won %) 8020 (77.17%)
• Profit trades (% of total) 12327 (77.23%)
• Loss trades (% of total) 3634 (22.77%)

Expert advisor is based on transparent and fully tested forex strategy.

Original and transparent MT4 expert advisor. Developed and created by professional FOREX traders at kingsraid.wiki . Tested for profitability on EURUSD tick data since 2003. Thousands of viable input combinations available for EURUSD alone. Works with any timeframe and any FX pair.

Main features of this expert advisor:

• Tested on high quality tick data: High accuracy testing on EURUSD tick data (1H). 100+ Viable inputs combinations for EURUSD pair alone.
• All inputs unlocked: You can adjust and modify your expert inputs. It can be then applied on any time frame and any currency pair. You can modify the settings at will to achieve the best possible results and make the expert suit your needs.
• Transparent expert advisor: No smoke and mirrors. Rules are clearly stated and functionality can be easily verified by manual charting on forward or historical data.
• Works with most of the MT4 Forex brokers: Our expert advisors were adjusted to work with almost any MT4 FOREX broker.
• Works with any time frame: Simply drag and drop the expert on time frames you would like to use.
• Works on any currency pair
• Expert advisor will not draw any indicators in your chart.

Disclaimer and user agreement:

Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer. TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.