What is the MTS 'MoneyRain' EA?
If you're looking to boost your trading game, the MTS 'MoneyRain' EA is designed to help you increase your lot size after each profitable trade, especially following a few losing streaks. Think of it as your go-to assistant in navigating the ups and downs of the market.
How Does It Work?
This EA operates on a principle similar to the martingale strategy. It’s all about the hope that after a series of losses, you’ll eventually ride the wave back to profitability. By adjusting your lot sizes, it aims to recover previous losses and capitalize on subsequent wins.
Key Inputs for Customization
Here’s a quick rundown of the essential parameters you can tweak:
- p: This is the period for the DeMark oscillator, optimized between 3 and 100, with a step of 1.
- tp: Take Profit (TP) size in pips, optimized between 10 and 100, with a step of 1.
- sl: Stop Loss (SL) size in pips, also optimized between 10 and 100, with a step of 1.
- lots: This refers to the volume of the first order and all subsequent orders opened after a profitable trade. Note that this input isn't optimized.
- mn: Your magic number, another input that isn’t optimized.
- losseslimit: This is your limit for successive losing trades. If you hit this limit, the EA will stop making new trades and send you an email alert.
- fastoptimize: This parameter, when set to 'true', enables fast optimization of the embedded trading system without money management. Keep in mind that results from the Optimizer and Tester can vary during fast optimization.
Trading Mechanism
The MTS 'MoneyRain' EA only operates on newly formed bars and open prices. This means you won’t need to optimize it for every tick, simplifying your trading experience.
In conclusion, if you're ready to navigate the trading waters with a reliable EA, consider integrating the MTS 'MoneyRain' into your trading strategy. With its unique approach to managing lot sizes and losses, it could be just what you need to enhance your trading journey!
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