Unlocking the Lucky EA for MetaTrader 5: A Trader's Guide

Mike 2012.12.04 01:23 19 0 0
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Meet the Lucky Expert Advisor, expertly rewritten from MQL4 by Serg_ASV. You can check out the original source here.

How It Works

This EA operates under a simple yet effective principle. When the price moves by a specified Shift amount or more in a single tick, it opens a position in the opposite direction of that price movement. If the trade turns profitable, even by the tiniest margin, it will close the position.


Example: If your Shift value is set to 3 and the spread is 2, this is how it works.

Key Parameters

  • Lots: This defines your position volume.
  • Shift: The price change required to trigger a new position.
  • Limit: This sets the loss threshold in points for closing a position.

A Quick Note

Keep in mind that testing the Expert Advisor in the strategy tester may not provide reliable results. It's always best to run tests on a demo account first to get a true feel for how it performs under real market conditions.

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