Welcome, fellow traders! Today, we're diving into the world of the VivaLasVegas EA, a fantastic tool designed specifically for testing various betting strategies on MetaTrader 4.
This EA employs a straightforward random generator for market entry, with a fixed risk-reward ratio of 1:1, effectively simulating straight betting.
Key Settings to Consider
- TP_SL: Adjust this to set your trade sizes. The larger the trade size, the smaller the house edge you'll face.
- BaseLotSize: This defines your initial lot size or the size of your single betting unit.
- GameStrategy: This is where the magic happens! In the latest version, you can toggle between five distinct game types:
- Martingale – A classic doubling strategy.
- Negative Exponential Pyramiding
- Labouchere System – Feel free to modify the Labouchere Series in the code at line 18.
- Oscars Grind – A positive progression system aiming for 1 BaseLot.
- System 31 – A negative progression system designed to limit losses to a maximum of 31 BaseLots.
- Seed: This parameter initializes the random generator.
Important Note: Currently, there is no error management or ECN-style order types integrated, so this EA may only function effectively in a tester environment.
For more insights, check out this link for additional resources.
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