Home System Trading Post

Unlocking the Escort Strategy: Your Go-To EA for MetaTrader 4

Mike • 2016-02-01 18:08
3 0 0
Attachments
13419.zip (9.13 KB, Download 0 times)

Hey fellow traders! Have you ever wanted an edge in your trading game? Look no further than the Escort strategy, expertly programmed into an EA for MetaTrader 4. This nifty tool opens orders based on our tried-and-true trading strategy, setting both take profit and stop loss levels to keep your positions secure. Plus, it even protects your gains by moving the stop loss to breakeven and manages it with a trailing stop. Sounds good, right?

So, what’s the secret sauce? This EA utilizes several key indicators from the MetaTrader 4 platform: two-period moving averages, the MACD, and the CCI. You can easily tweak these parameters right in the EA settings. Want a deeper dive into the strategy, settings, or testing results? There’s a video that covers it all!

Video:


For those focusing on the GBP/USD pair, we’ve got you covered with .set files that are optimized for 2015, along with universal parameters in the archive.

Test results with the optimized parameters for 2015:

Optimized parameters

Test results with the universal parameters for 2015:

Universal parameters

Live account trading results from 23.06.15 to 10.07.15 with universal parameters:

Live account

For currency pairs with floating spreads, it’s a good idea to bump up your stop loss by the average spread amount found in the optimized settings.

Recommendations:

Let’s keep it real: this trading strategy isn’t a magic bullet. Losing trades can and will happen. The EA is designed to keep one open market order at a time and won’t signal new trades until that order is closed. It shines with trending and volatile pairs but isn’t a fully-fledged trading robot. Be cautious as it may mismanage trades on certain account types, and market volatility shifts or prolonged flat markets could lead to deposit losses.

Versions:

Check out the specific code revisions of this EA:

  • m0002 — The initial version as discussed in the video;

  • m00021 — An improved version that adds an extra filter for trade openings based on the days and hours of the week. You can customize the trading time to fit your schedule, and it’ll show you whether trading is allowed at a glance in the top left corner of your screen. By default, it’s set to allow trading from 6 AM to 8 PM. Change it to 0-23 for all-day trading! Days of the week can also be customized for your trading preference.

Related Posts

List
Comments (0)