Hey there, fellow traders! If you’re on the lookout for a powerful tool to enhance your trading game, let me introduce you to BotCilento. This nifty grid-trading Expert Advisor (EA) for MetaTrader 5 is designed to blend trend-following signals with smart risk management, making it a solid choice for those looking to navigate the forex market more effectively.
Dual MA Strategy
The BotCilento trades by leveraging crossovers of fast and slow Simple Moving Averages (SMAs) on the H1 timeframe. It’s not just about the crossovers, though; this EA fine-tunes its signals by taking into account volume spikes and volatility checks.
Smart Grid Management
This feature adds positions at dynamic intervals, whether you prefer fixed pips or ATR-based adjustments. You can choose between Martingale or arithmetic lot sizing, and it even allows you to close the entire grid once you hit your profit or breakeven targets.
Risk Safeguards
BotCilento has built-in safety nets, including auto-stop at daily loss limits, drawdown-based emergency closures, and position age expiration. Plus, it incorporates spread and slippage filters to protect your capital.
Unique Features
One standout option is the "hold through reversals" mode. The EA also has stagnation detection to alert you if there’s no movement. And, of course, a real-time dashboard that gives you all the profit metrics you need at your fingertips.
Important Note: Please keep in mind that this EA is not intended for live trading. Using Martingale strategies or ramping up lot sizes can potentially wipe out your balance. Consider it a demo and strategy-testing tool, as it’s still a work in progress and requires significant updates before it's ready for the live market. Feel free to tinker and improve it to suit your own trading style!
Ideal For: This EA works best with trending forex pairs like EUR/USD and GBP/USD during those key active hours. You can customize your aggression levels, whether you’re a conservative trader or more into high-frequency trading.
In a nutshell, BotCilento is a self-correcting grid system that emphasizes capital preservation while riding the waves of extended trends.
Final Thoughts:
After three days of dedicated development, I’m excited to share this tool with our trading community. While I’ve put my heart into crafting it, don’t expect it to be a magic bullet for profits. Use it as a foundation for experimentation—test it thoroughly, tweak the parameters, and see how it fits into your unique trading approach.
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