Looking to enhance your trading strategy? The Cryptocurrency EA that utilizes 4 Fibonacci Moving Averages is here to help! This tool features a Trailing Stop Loss and Take Profit, making it suitable for all time frames—from cryptocurrencies to major forex pairs and even stocks like NASDAQ. It shines particularly well on the 1-hour time frame.
Pro Tip: Always start with a demo account to get the hang of it!
- This EA operates solely based on the open candle price!
- If you prefer not to increase your lot size on losing trades, simply set the IncreaseFactor=0.
Input Settings
- Use_TP_In_Money: Enable Take Profit in monetary terms (true/false).
- TP_In_Money: Amount for Take Profit in currency (range: 10-100).
- Use_TP_In_percent: Enable Take Profit in percentage terms (true/false).
- TP_In_Percent: Take Profit in percentage (range: 10-100).
- ------------[Money Trailing Stop For Multiple Trades]--------------------
- Enable_Trailing: Activate trailing with money (true/false).
- Take Profit In Money: Set in current currency (range: 25-300).
- Stop Loss In Money: Set in current currency (range: 1-20).
- ---------------------------------------------------------------------
- Exit: Close trades if the trend is against you to manage drawdown (true/false).
- Lots: Lot size (range: 0.01-1).
- Lots size Exponent: (range: 1.01-2).
- IncreaseFactor: Determine how much to increase lots from total margin on a losing trade (range: 0.001-0.1).
- Stop_Loss: Set your Stop Loss (range: 30-500). Set to 600 for multiple trades.
- MagicNumber: Assign a Magic number (range: 1-100000).
- TakeProfit: Set your Take Profit (range: 50-200). Set to 600 for multiple trades.
- FastMA: Fast Moving Average (range: 1-20).
- SlowMA: Slow Moving Average (range: 50-200).
- Mom_Sell: Momentum_Sell trigger (range: 0.1-0.9).
- Mom_Buy: Momentum_Buy trigger (range: 0.1-0.9).
- ---------------------CONTROL DRAW DOWN-----------------------------
- UseEquityStop: (true).
- TotalEquityRisk: (range: 0.01-30).
- -----------------------------------------------------------------------------
- Max_Trades: (1-12).
- IF USING ONLY 1 TRADE:
- //////////////////////////////////////////////////
- USETRAILINGSTOP: If using trailing stop (true/false).
- WHENTOTRAIL: When to begin trailing (range: 40-100).
- TRAILAMOUNT: Amount to trail (range: 40-100).
- Distance From Candle: Distance from candle (range: 1-100).
- USECANDELTRAIL: If using trailing stop (true/false).
- X: Number of candles (range: 1-100).
- USEMOVETOBREAKEVEN: Enable "break even" (true/false).
- WHENTOMOVETOBE: When to move to break even (range: 1-30).
- PIPSTOMOVESL: How many pips to move stop loss (range: 1-30).
Note: It’s a good idea to optimize this EA every few months and stick to the same inputs mentioned above. You can use it as a hedging grid EA or as a single trade EA.
Learn how to backtest: https://bit.ly/2CD7XWD
Give it a spin on a demo account first!
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