If you're looking to up your trading game, the Smart AC Trader EA is definitely worth a look. This Expert Advisor leverages Currency Strength to identify the strongest and weakest currencies among the eight major players. It combines this insight with moving averages and a variety of indicators, making it a versatile tool for trading across all time frames on major Forex pairs.
Key Features of Smart AC Trader
- Start with a Demo: Always test it out on a demo account first to get a feel for its performance.
- Open Candle Trading: This EA only trades based on the price of the open candle, so you can make more informed decisions.
- Control Lot Sizes: If you prefer not to increase your lot size after a losing trade, simply set
IncreaseFactor=0.
Inputs to Customize Your Strategy
- Use_TP_In_Money: Enable or disable Take Profit in money (values: true/false).
- TP_In_Money: Set your Take Profit in monetary terms (values: 10-100).
- Use_TP_In_percent: Enable or disable Take Profit in percentage (values: true/false).
- TP_In_Percent: Set your Take Profit in percentage (values: 10-100).
- ---------------------Money Trailing Stop for Multiple Trades----------------------
- Enable_Trailing: Turn on money trailing (values: true/false).
- Take Profit In Money: Set your trailing Take Profit (values: 25-100).
- Stop Loss In Money: Set your Stop Loss (values: 1-20).
- ------------------------------------------------------------------------------------
- Exit: Close trades if the trend goes against you to control drawdown (values: true/false).
- Lots: Choose your lot size (values: 0.01-1).
- Lots Size Exponent: Set the values (1.01-2).
- IncreaseFactor: Determine 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, or set to 600 for multiple trades).
- MagicNumber: Assign a magic number (values: 1-100000).
- TakeProfit: Set your Take Profit (values: 50-200, or set to 600 for multiple trades).
- FastMA: Define your fast moving average (values: 1-20).
- SlowMA: Define your slow moving average (values: 50-200).
- MA3: Set the currency strength moving average (values: 1-200).
- 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: Turn on equity stop (values: true/false).
- TotalEquityRisk: Set your total equity risk (values: 0.01-30).
- ------------------------------------------------------------------------------
- Max_Trades: Decide the maximum number of trades (1-12).
- --------------------If You Use Only 1 Trade:-------------------------
- //////////////////////////////////////////////////
- USETRAILINGSTOP: Enable if using trailing stop (values: true/false).
- WHENTOTRAIL: Set when to trail (values: 40-100).
- TRAILAMOUNT: Define the trail amount (values: 40-100).
- Distance From Candle: Set distance from candle (values: 1-100).
- USECANDELTRAIL: Enable if using candle trailing stop (values: true/false).
- X: Set the number of candles (values: 1-100).
- Enable "Break Even": Turn on if you want to use it (values: true/false).
- When Move "Break Even": Set the criteria for moving to break even (values: 5-30).
- How Much Pips Move "Break Even": Define the pip amount (values: 5-30).
Remember, it’s crucial to optimize this EA every few months and stick to the outlined inputs above. You can use it as a hedging grid EA or as a single trade EA.
For detailed backtesting, check out this guide: Backtesting Guide.
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