Welcome, fellow traders! Today, let's dive into a powerful tool that can enhance your trading strategy: the 1MA Expert Advisor for MetaTrader 4. This EA utilizes a straightforward strategy based on a 20-period moving average, equipped with Trailing Stop Loss and Take Profit features that work seamlessly across all major forex pairs and time frames.
Key Features of the 1MA EA
- Start with a Demo: Always test the EA on a demo account first to get a feel for its performance.
- Open Candle Trading: This EA trades only based on the price of the open candle, so keep that in mind.
- Lot Size Control: If you prefer not to increase your lot size after a losing trade, simply set
IncreaseFactor=0.
Input Settings to Optimize Your Trading
- Use_TP_In_Money: Enable Take Profit in monetary value (true/false).
- TP_In_Money: Set your Take Profit in money (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).
- ------------Money Trailing Stop for Multiple Trades----------------------
- Enable_Trailing: Enable trailing with monetary value (true/false).
- Take Profit In Money: Set this in your current currency (values: 25-300).
- Stop Loss In Money: Set your Stop Loss in your current currency (values: 1-20).
- -------------------------------------------------------------------------------------
- tick: If set to false, trades on every tick; if true, trades on open prices (true/false).
- Exit: Close trades if the trend turns against you to manage drawdown (true/false).
- Lots: Set your lot size (values: 0.01-1).
- Lots Size Exponent: Define the exponent for your lot size (values: 1.01-2).
- IncreaseFactor: Specify how much to increase the lot size after a loss (values: 0.001-0.1).
- Stop_Loss: Set your Stop Loss (values: 30-500). / Set value 600 for Multiple Trades
- MagicNumber: Assign a magic number for your trades (values: 1-100000).
- TakeProfit: Set your Take Profit (values: 50-200). / Set value 600 for Multiple Trades
- FastMA: Define your fast moving average (values: 1-20).
- SlowMA: Define your slow moving average (values: 50-200).
- Mom_Sell: Set the momentum sell trigger (values: 0.1-0.9).
- Mom_Buy: Set the momentum buy trigger (values: 0.1-0.9).
- ---------------------Control Drawdown-----------------------------
- UseEquityStop: Enable equity stop (true/false).
- TotalEquityRisk: Set your total equity risk (values: 0.01-30).
- ------------------------------------------------------------------------------
- Max_Trades: Set the maximum number of trades (1-12).
- If you use only 1 trade:
- //////////////////////////////////////////////////
- USETRAILINGSTOP: Enable trailing stop (true/false).
- WHENTOTRAIL: Specify when to start trailing (values: 40-100).
- TRAILAMOUNT: Define the trail amount (values: 40-100).
- Distance From Candle: Set the distance from the candle (values: 1-100).
- USECANDELTRAIL: Enable candle trailing (true/false).
- X: Number of candles (values: 1-100).
- USEMOVETOBREAKEVEN: Enable break-even (true/false).
- WHENTOMOVETOBE: Specify when to move to break-even (values: 1-30).
- PIPSTOMOVESL: Set how many pips to move your stop loss (values: 1-30).
Tips for Using the 1MA EA
It's a good idea to optimize this EA every few months and stick with the same input settings mentioned above. You can use it as a hedging grid EA or as a single trade EA, depending on your strategy.
Backtesting Your Strategy
Interested in backtesting? Check out this guide for a step-by-step process.
연관 포스트
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