ForexTrade Magic

It is an advanced counter-trend grid Expert Advisor from the FOREXTRADE series which can trade on any account type with any deposit. It is a completely automated trading system that does not require constant optimization or trader's control. This version provides additional equity control functions — when a specified risk value is reached, all trades are automatically closed; next lot multiplier — it can now be activated after a certain number of trades or at a specified drawdown % of balance, before that trades are opened with a starting lot based on MM or initial lot with ManualLots. Moreover, this version features an additional series of trend following trades — pyramiding, market orders are applied. I do not recommend using ForexTrade Magic together with other EAs, as it can lead to a very large load on the deposit. Begin testing the EA with the minimum lot. This will help you understand how it works, without a large risk to your account.

Parameters:

• TimeStart — trading start time;
• TimeFinish — trading end time;
• UseMethod — control of next lot multiplier (MaxDrawdown or MaxTrades);
• MaxDrawdown — maximum drawdown per symbol as % of balance;
• MaxTrades — maximum number of open orders per symbol;
• UseEquityStop — enable stop based on the equity value (TotalEquityRisk);
• TotalEquityRisk — equity risk;
• Piramiding — enable pyramiding;
• StepPiramid — order opening step in pyramiding;
• MM — traded lot is calculated based on risk per trade;
• EquityRisk — risk percentage per deal for trading lot calculation;
• ManualLots — starting trading lot if MM=false;
• MaxLots — max lot in the order series;
• TakeProfit — take profit;
• LotMultiplikator — lot multiplier;
• MinPriceStep — the minimum price distance to place new orders;
• DistanceOrderSent — distance from the price to place new orders;
• TimeFilter — the time filter is set in minutes;
• Magic — magic number;
• Com — a comment to trades;
• Fr_Timeframe — Fractals indicator timeframe;
• MA_Timeframe — Moving Average indicator timeframe;
• MA_Period — the averaging period of Moving Average;
• MA_Method — the averaging method of Moving Average;
• MA_Price — price used for Moving Average;
• FiboLevel — Fibo level for opening trades;
• Backstep — minimum number of candles between connected points (ZigZag);
• Deviation — minimum distance between local extrema in percentage % (ZigZag);
• Depth — shortest distance (in candles) a new maximum or minimum will be drawn at;
• Action — type of trade. Rebound level = roll back from the level, Breakout level = level breakthrough;
• TrailingStart — number of points to start trailing for the grid;
• TrailingStep — trailing step for the grid;
• ShowInfo — display/hide information on the trading;
• Languages — language of the displayed trading data;
• TextColor — displayed data color.