Greed Master Net PO 15

Greed Master Net PO 15 trades by RSI signals. Trades are performed in an appropriate direction when the indicator reaches the value of 30 or 70. If the indicator exceeds 70, Short direction is selected for initial trades. If the indicator falls below 30, Long one is selected. Profitable trades are closed by take profit. Loss-making ones are averaged by the EA. An order grid is created in the same direction, a breakeven level is calculated, and the grid is closed by take profit when the price reaches it.

Parameters

• MAGICB - Long magic number;
• MAGICS - Short magic number;

Trading hours

• Hours_to_GMT_Offset - known server time shift hours (GMT).
• Hours - if true the EA trades with a specified Begin_hour parameter (GMT) up to End_hour (GMT). If false, the EA trades constantly.
• Begin_hour - start hour (initial trades);
• End_hour - end hour (initial trades);

Initial conditions

• Deals - number of initial trades opened simultaneously;
• MaximumRisk - starting lot of initial trades. The parameter depends on the deposit balance;
• LotStop – lot limitation from the MinLot to MaxLot for the selected account. Limits the growth of the lot size for the initial trades in a grid, which is performed depending on the deposit and the value of the MaximumRisk parameter. When the LotStop value is reached, the initial trades in a grid will maintain this lot size.
• LotForManual – initial lot size value for trades that will be placed manually. During the EA operation this parameter can be changed using the special buttons in the EA toolbox.
• DecreaseFactor - decrease a lot size of initial trades;
• TP - take profit in points from an open price or breakeven level;
• CoefLot - lot increase ratio when increasing the number of levels in the averaging grid. If 1, the lot is not increased for following trades in the grid. If the value exceeds 1, while Step is decreased down to 3-8 and MaximumRisk is increased, the profit per time unit is increased as is the risk of Margin Call and Stop Out. These are the aggressive parameters. They can be used in the night trading (Hours = true; Begin_hour = 20; End_hour = 4) or on a quiet market. Regular withdrawals from an account are recommended. If the parameter is close to 1, while Step is within 50-250 and MaximumRisk is 0.01 or lower, the profit per time unit is not so considerable but the EA almost does not suffer from unexpected news and exchange rate interventions accompanied by high volatility. Passive parameters. All modes are set by selecting parameters using optimization for certain demands and deposits;
• RSI - RSI indicator period. If the indicator exceeds 70, Short direction is selected, if it falls below 30, Long one is used;
• Step - step (in points) between the averaging grid levels;
• OnOffUnLine - if true, the mode of uneven averaging grid step increase is activated.
• ULkoef - averaging grid step growth ratio;

Forced direction selection modes

• SELL - if true, SELL direction is allowed;
• BUY - if true, BUY direction is allowed;

Limitation parameters

• LotMax - limitation of maximum lot, that can be used by the EA when plotting grids.
• OnOffLock - if true, Margin Level limitation mode is enabled. If during the EA operation, Margin Level falls below LockLevel, the EA calculates total lots in both directions. The difference from the lots' parity is calculated and a trade is made in the direction of a least total lot equal to the difference value. Thus, the lots parity is established (locking). In other words, a loss in one direction is balanced by a profit in another. The EA stops any activity allowing traders to handle this potentially dangerous situation on their own;
• LockLevel - Margin Level value limitation;
• BW – color correction for the 'black&white' window mode.
• DelObj – if true, all objects of the EA are deleted from the chart when the EA is deleted.

TrailingStop and TrailingStep - trailing parameters.

These parameters allow you to set Greed Master Net PO 15 into different modes according to your objectives.

The default parameters are configured for EURUSD M15 and considered moderately aggressive.