Are you looking to supercharge your trading strategy? Meet the X Man EA, a versatile Expert Advisor designed for MetaTrader 4. This powerful tool utilizes an Equity Stop based on your total equity, allowing you to use it as either a hedging grid EA or a single trade EA.
- Start on a demo account: It’s always a good idea to test out new strategies without risking real money.
- Trade with open candle prices: This EA only trades based on the price of the open candle, ensuring you stick to your strategy.
- Control your lot sizes: If you prefer not to increase lot sizes on losing trades, simply set IncreaseFactor=0.
Key Inputs to Customize Your Trading
Here’s a rundown of the main inputs you can tweak to fit your trading style:
- Use_TP_In_Money: Activate Take Profit in money (true/false).
- TP_In_Money: Set your Take Profit in money (values: 10-100).
- Use_TP_In_percent: Activate Take Profit in percent (true/false).
- TP_In_Percent: Set your Take Profit in percent (values: 10-100).
- Money Trailing Stop For Multiple Trades:
- Enable_Trailing: Turn on trailing with money (true/false).
- Take Profit In Money: Set this value (in your current currency, values: 25-200).
- Stop Loss In Money: Define your stop loss (in your current currency, values: 1-20).
- Control Your Drawdown:
- Exit: Close trades if the trend is against you to manage drawdown (true/false).
- Lots: Set your lot size (values: 0.01-1).
- IncreaseFactor: Control how much to increase lots if you experience a loss (values: 0.001-0.1).
- Stop_Loss: Define your stop loss (values: 30-500; set to 600 for multiple trades).
- MagicNumber: Assign a magic number for your trades (values: 1-100000).
- TakeProfit: Set your take profit (values: 50-200; set to 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 your Momentum Sell trigger (values: 0.1-0.9).
- Mom_Buy: Set your Momentum Buy trigger (values: 0.1-0.9).
- Control Drawdown:
- UseEquityStop: Activate equity stop (true/false).
- TotalEquityRisk: Set your equity risk (values: 0.01-20).
- Max_Trades: Define your maximum number of trades (1-12).
- FractalNum: Set the number of high and low fractals (values: 1-10).
- If You're Using Only 1 Trade:
- USETRAILINGSTOP: Activate trailing stop (true/false).
- WHENTOTRAIL: Set 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: Activate candle trailing (true/false).
- X: Define the number of candles (values: 1-100).
- USEMOVETOBREAKEVEN: Enable break-even (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, optimizing this EA every few months is key to keeping it effective. Use the inputs mentioned above to tailor it to your trading style. Whether you're using it as a hedging grid EA or a single trade EA, the options are endless!
Want to learn how to backtest your strategy? Check out this helpful guide: https://bit.ly/2CD7XWD
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