Mastering the Pull Back EA for MetaTrader 4: Your Ultimate Trading Companion

If you're looking for a reliable trading tool, the Pull Back EA is worth checking out. This system trades based on the pullbacks from the trend of two moving averages, featuring both Trailing Stop Loss and Take Profit functionalities. Whether you're eyeing major forex pairs or stocks like NASDAQ, this EA works seamlessly across all time frames!

Key Features

• Always start with a demo account to test your strategies.
• This EA only trades at the opening price of the candle!
• If you prefer not to increase lot sizes after a losing trade, simply set IncreaseFactor=0.

Input Settings

• Use_TP_In_Money - Use Take Profit in Money (options: true/false).
• TP_In_Money - Set Take Profit in Money (values: 10-100).
• Use_TP_In_Percent - Use Take Profit in Percent (options: true/false).
• TP_In_Percent - Set Take Profit in Percent (values: 10-100).
• ------------[Money Trailing Stop For Multiple Trades]----------------------
• Enable_Trailing - Enable trailing with money (options: 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 turns against you (options: true/false).
• Lots - Lot size (values: 0.01-1).
• Lots size Exponent (values: 1.01-2).
• IncreaseFactor - How much to increase lots from total margin if you lose a trade (values: 0.001-0.1).
• Stop_Loss - Set Stop Loss (values: 30-500). Use 600 for Multiple Trades.
• MagicNumber - Unique identifier for your trades (values: 1-100000).
• TakeProfit - Set Take Profit (values: 50-200). Use 600 for Multiple Trades.
• 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).
• ---------------------CONTROL DRAW DOWN-----------------------------
• UseEquityStop - (options: true/false).
• TotalEquityRisk - (values: 0.01-20).
• -------------------------------------------------------------------------------
• Max_Trades (1-12).
• ----------------IF YOU USE ONLY 1 TRADE:-----------------------
• /////////////////////////////////////////////////////////////////////
• USETRAILINGSTOP - If using a trailing stop (options: true/false).
• WHENTOTRAIL - When to start trailing (values: 40-100).
• TRAILAMOUNT - Trail amount (values: 40-100).
• Distance From Candle - Distance from candle (values: 1-100).
• USECANDELTRAIL - If using candle trail (options: true/false).
• X - Number of candles (values: 1-100).
• USEMOVETOBREAKEVEN - Enable "break even" (options: true/false).
• WHENTOMOVETOBE - When to move to break even (values: 1-30).
• PIPSTOMOVESL - How many pips to move stop loss (values: 1-30).

It's a good idea to optimize this EA every few months using the exact same inputs mentioned above. You can use it as a hedging grid EA or stick to single trades.

Curious about backtesting? Check out this guide: Backtesting Guide