Martingale EnvBBmacd

Martingale EnvBBmacd EA trades using the signals of the following indicators: Envelopes, Bollinger Bands (BB), Moving Average Convergence/Divergence (MACD) and Simple Moving Average (SMA).

It enters the market on receiving signals from Env, BB, MACD and SMA and considering the selected mode. The orders are closed by MACD signal managing the profit of each open position, or by stop loss. The Stop Loss level for the first and next orders is set according to the selected mode: daily timeframe with a specified step or using Env and BB indicators' parameters.

The trading volume used for opening positions depends on the Max_order and Risk_money_SL parameters, as well as on the stop loss selection mode. Martingale system, which proportionally increases the trade volume according to the set parameters, is applied when you open a trade.

The EA is optimized for EURUSD, M30 0_00001. You should attach the EA to a chart and allow automated trading to let the Expert Advisor work. But with proper settings, it is also appropriate for any timeframes and instruments.

Settings

• Magic_index – magic number assigned to the first trade; Magic_index+n is assigned to the next trades, where n is a number of opened positions. NOTE: Regardless of the amount of opened positions set in the Max_order parameter, the EA reserves 10 magic numbers. If the magic number is equal to 1, do not use the next 9 numbers with this symbol. Instead, start from 11, etc.;
• Max_order – maximum amount of opened positions but not greater than 10. Martingale is used;
• Risk_money_SL – amount of money which can be lost if Stop Loss triggers at all open positions;
• Profit_percent_risk – percentage of targeted profit from Risk_money_SL when closing all positions;
• Period_SMA – period of high SMA and low SMA, and Fast EMA MACD;
• Period_MACD_SMA – period of smoothing moving average from difference between Slow EMA and Fast EMA;
• Period_EnvBB – period of Bollinger Bands and Envelopes indicators, as well of MACD indicator's Slow EMA;
• Filter_BB = true – Bollinger Bands indicator filter;
• Deviat_BB – Bollinger Bands indicator deviation;
• Filter_Env = true – Envelopes indicator filter;
• Deviat_Env – Envelopes indicator deviation;
• Filter_SMA_Daily = true – daily timeframe filter based on the SMA indicator relative to the current price.
• Filter_SMA_Period – period of the SMA indicator used as a daily timeframe;
• SL_Daily = true – enable the function defining a stop loss by a daily timeframe. If disabled, a stop loss is placed according to Bollinger Bands or Envelopes indicator parameters.
• SL_Daily_Step – daily step used for a stop loss calculation. It is active if the SL_Daily function is enabled and changes from 1 to 30 with the step of 1.

Attention: The default settings are not universal ones. You should define an asset, a timeframe and the parameters to ensure the EA correct operation!

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