Hey fellow traders! Today, let’s dive into the world of automated trading with the Bladerunner Expert Advisor (EA). This powerful tool leverages the "Fractals" indicator along with a 20-period moving average strategy to help you navigate the forex market and NASDAQ stocks effectively. It’s designed specifically for the 1-hour timeframe, making it a solid choice for those who prefer trading major currency pairs and stocks.
Here’s why you should consider giving Bladerunner a go:
- Always start with a demo account to test the waters.
- This EA executes trades based solely on the open price of the candle!
- If you’d rather not increase the lot size after a loss, simply set IncreaseFactor=0.
Now, let’s break down some of the key inputs you’ll be working with:
Inputs Overview
- Use_TP_In_Money: Enable Take Profit in monetary values (true/false).
- TP_In_Money: Set your Take Profit in monetary terms (values: 10-100).
- Use_TP_In_percent: Enable Take Profit in percentage (true/false).
- TP_In_Percent: Set your Take Profit in percentage (values: 10-100).
- Enable_Trailing: Activate trailing stop with money (true/false).
- Take Profit In Money: Set trailing take profit in your current currency (values: 25-100).
- Stop Loss In Money: Define your stop loss in current currency (values: 1-20).
- Exit: Close trades if the trend turns against you to control drawdown (true/false).
- Lots: Choose your lot size (values: 0.01-1).
- Lots size Exponent: Lot size exponent settings (values: 1.01-2).
- IncreaseFactor: Set how much to increase lots from total margin after a loss (values: 0.001-0.1).
- Stop_Loss: Define your stop loss (values: 30-500).
- MagicNumber: Assign a magic number for your trades (values: 1-100000).
- TakeProfit: Set your take profit (values: 50-200).
- FastMA: Set your fast moving average (values: 1-20).
- SlowMA: Define your slow moving average (values: 50-200).
- Mom_Sell: Set your momentum sell trigger (values: 0.1-0.9).
- Mom_Buy: Set your momentum buy trigger (values: 0.1-0.9).
- UseEquityStop: Activate equity stop (true/false).
- TotalEquityRisk: Define your equity risk level (values: 0.01-20).
- Max_Trades: Limit your open trades (1-12).
- If using only 1 trade, consider these settings:
- USETRAILINGSTOP: Enable trailing stop (true/false).
- WHENTOTRAIL: Set when to trail (values: 40-100).
- TRAILAMOUNT: Specify the trail amount (values: 40-100).
- Distance From Candle: Set the distance (values: 1-100).
- USECANDELTRAIL: Enable candle trail (true/false).
- X: Number of candles (values: 1-100).
- USEMOVETOBREAKEVEN: Activate break-even feature (true/false).
- WHENTOMOVETOBE: Set when to move to break-even (values: 1-30).
- PIPSTOMOVESL: Define how many pips to move stop loss (values: 1-30).
Remember, it’s wise to optimize this EA every few months using the same inputs mentioned above. You can utilize it as either a hedging grid EA or a single trade EA, depending on your strategy.
For those interested in back testing, check out this back testing guide.
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