GenEA

Monitoring

https://www.mql5.com/en/signals/164788

3 Strategies

• Strategy1 - High risk to reward of about of 4-5:1 but low win percent of around 25%.
• Strategy2 - Medium risk to reward of about 1:2 and medium win percent of around 70%.
• Strategy3 - High win percent 90%+ but low risk to reward of about 1:4-8

Features

• Back tested with over 10 years of data.
• Uses 99.90% back testing 'every tick'.
• Works on multiple major pairs unchanged. EURUSD and GBPUSD will work unchanged. Non curve-fitted.
• Uses realistic spreads. Spreads can be displayed in the chart window.
• Takes at least around 10 pips of take-profit/stoploss.
• Trade management, limit different strategies maximum open trades.
• Limit total orders at any given time.
• Balance protection. Stop trading if X balance is hit.
• Floating drawdown limit.
• Strategy1 can reduce risk on losing streaks and increase/decrease when winning/losing.

Parameters

• gmt_offset - GMT offset of your server. Default is IC Markets GMT +2. Negative numbers allowed.
• use_strategyX - Decide which strategies to use.
• risk_per_trade_stgX - Decide how much to risk per trade. 3 would be 3 percent per trade.
• use_internal_timeframes - Use the timeframes in stgX_timeframe below. The advantage of this is that you can use one EA on one chart for all strategies regardless of timeframes.
• stgX_timeframe - Decide what timeframes to use for each strategy in minutes. 1 Hour time frame would be 60. 4 Hour would be 240.
• stgX_maxtrades_all - Limit the amount of opened trades for each strategy.
• stgX_buy_magic_number, stgX_sell_magic_number - Define the magic numbers for each strategy. If set to 1 internal defaults will be set.
• stgX_min_magic_number, stgX_max_magic_number - Define the magic number range for each strategy. Used to manage the system on a strategy level.
• close_stgX_weekends - Choose which strategies to close during the week end.
• Round up - If true and if the distance in pips of the current price to stop-loss is such that your lot size will risk more than your allotted risk then the lot-size will be rounded to the minimum. False will guarantee the risk used in risk_per_trade minus slippage, spread, execution and gaps is used.
• max_orders - Max amount of totals orders open.
• use_fix_lot - If this setting is set to true money management will not be used.
• fixed_lot_size - The lot used when use_fix_lot is set to true.
• slippage - The amount of tolerable slippage. The lower the better but less likely to be filled.
• max_equity_drawdown - The maximum amount of equity drawdown the EA will tolerate before closing all trades and disabling trading.
• minimum_balance - The minimum balance the EA will tolerate before closing all trades and disabling trading.

The below settings are used for strategy1 if stg1_dynamic_risk is set to true. It uses decimal percent and decimal multipliers. For example. The example below states. If the balance drops under 10% decrease the lot size by three quarter else trade at one and a half s the lot size.

• stg1_dynamic_risk=true
• loss_percent=0.10
• when_winning=1.5
• when_losing=0.75

The below also apply to strategy1 only. It reduces risk on consecutive loses if stg1_reduce_on_consecutive_loss is set to true. The example below states. If the system loses five times in a row reduce the risk by half. If it loses ten times in a row, reduce to a ten.

• stg1_reduce_on_consecutive_loss=true
• first_consecutive_loss_level=5
• second_consecutive_loss_level=10
• reduce_first_loss_level=0.5
• reduce_second_loss_level=0.25

important Strategy1 Settings

• stg1_max_spread - Set the minimum spread

important Strategy2 and Strategy3 Settings

• stgX_max_trades - Sets the maximum amount of trades
• stgX_max_spread - Set the minimum spread

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