Mastering the Accelerator EA for MetaTrader 4: A Trader's Guide

The Accelerator EA is a powerful tool that trades using the Accelerator indicator, featuring a Trailing Stop Loss and Take Profit options. It works seamlessly across all time frames and is compatible with major forex pairs as well as NASDAQ stocks.

Key Features of the Accelerator EA

• Always start with a demo account to test it out.
• This EA operates only on the price of the open candle!
• If you prefer not to increase lot sizes after losing a trade, set IncreaseFactor=0.

Inputs

• Use_TP_In_Money: Use Take Profit in monetary value (true/false).
• TP_In_Money: Set Take Profit in money (values: £10-£100).
• Use_TP_In_percent: Use Take Profit in percentage (true/false).
• TP_In_Percent: Set Take Profit in percentage (values: 10-100).
• Enable_Trailing: Enable trailing stop with monetary value (true/false).
• Take Profit In Money: Set in current currency (values: £25-£200).
• Stop Loss In Money: Set in current currency (values: £1-£20).
• Exit: Close trades if the trend reverses to control drawdown (true/false).
• Lots: Lot size (values: 0.01-1).
• Lots size Exponent: (values: 1.01-2).
• IncreaseFactor: How much to increase lots after a loss (values: 0.001-0.1).
• Stop_Loss: Set Stop Loss (values: 30-500). For multiple trades, set to 600.
• MagicNumber: Magic number for the EA (values: 1-100000).
• TakeProfit: Set Take Profit (values: 50-200). For multiple trades, set to 600.
• FastMA: Fast Moving Average (values: 1-20).
• SlowMA: Slow Moving Average (values: 50-200).
• Mom_Sell: Momentum Sell trigger (values: 0.1-0.9).
• Mom_Buy: Momentum Buy trigger (values: 0.1-0.9).
• UseEquityStop: Equity stop feature (true/false).
• TotalEquityRisk: Risk percentage (values: 0.01-20).
• Max_Trades: Maximum number of trades (1-12).
• USETRAILINGSTOP: If you want to use a trailing stop (true/false).
• WHENTOTRAIL: When to start trailing (values: 40-100).
• TRAILAMOUNT: Amount to trail (values: 40-100).
• Distance From Candle: Set distance from the candle (values: 1-100).
• USEMOVETOBREAKEVEN: Enable break-even feature (true/false).
• WHENTOMOVETOBE: When to move to break-even (values: 1-30).
• PIPSTOMOVESL: How many pips to move stop loss (values: 1-30).

Remember, it’s a good idea to optimize this EA every few months and use the same inputs mentioned above. You can use it as a hedging grid EA or as a single trade EA.

If you’re curious about how to perform a backtest, check out this guide: Backtesting Guide.