If you're on the hunt for a straightforward yet effective Expert Advisor (EA) for MetaTrader 4, look no further than Coin Flip. This EA is designed to operate without any custom indicators, opening trades in a pseudo-random fashion. Equipped with a virtual trailing stop, it employs a Martingale strategy, increasing the lot size after a loss based on your specified parameters. It's tailored for both 4 and 5-digit quotes, making it versatile for various trading scenarios.
Coin Flip executes trades in Market Execution mode. Once an order is placed, it sets the Take Profit and Stop Loss according to the EA's settings, ensuring that your risk management is always in check.
Key Parameters to Consider:
- Risk: Automatically calculates the lot size for your first trade.
- Lot: Defines the trading lot size if Risk is set to 0.
- Martingale: The factor by which the lot size is multiplied after a loss.
- MaxLot: Sets the maximum allowed lot size for trades.
- TakeProfit: The target profit level for your trades.
- StopLoss: The maximum loss level before closing a trade.
- MaxAttempts: The maximum number of attempts to open an order.
- Pause: The interval between trade attempts.
- Slippage: The maximum slippage allowed for an order.
- TrailingStart: The number of points to trigger the trailing stop.
- TrailingStop: The step for the Trailing Stop.
- Magic: The unique identifier for your trades.
- Com: Comments you can add to your trades.
- DrawInfo: Option to display or hide trading information.
- Languages: The language used for displaying trading data.
- TextColor: The color used for displayed data.
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