How it works?
- This EA trades with Stochastic Signal Line and Base Line crossovers.
- Stochastic will base its value on the current time frame.
- Only allows one open trade at a time.
- Two strategy to choose, crossover and trend following.
- Optimize risk management settings for lot size and martingale.
Strategy:
Crossover
- Opens a buy position if the Signal Line crosses below Base Line and base line is below the Buy below crossover level.
- Opens a sell position if the Signal Line crosses above Base Line and base line is above the Sell above crossover level.
if Close on Reverse Trend is set to true.
- Close a buy position if the Signal Line crosses above Base Line and base line is above the Sell above crossover level.
- Close a sell position if the Signal Line crosses below Base Line and base line is below the Buy below crossover level.
Trend Following
- Opens a buy position if the Signal Line is below Base Line.
- Opens a sell position if the Signal Line is above Base Line .
- Close a buy position if the Signal Line is above Base Line.
- Close a sell position if the Signal Line is below Base Line.
if Close on Reverse Trend is set to true.
if Reverse Logic is set to true, opening and closing of position will be reverse in order type. Parameters:
- MagicNumber – return an identifying (magic) number of the currently selected order.
- Strategy – The option to choose Crossover or Trend Following.
- Reverse Logic – Reverse order type.
- Max Spread Pips – distance between Ask and Bid, at which you allow the EA to open a trade.(0 to deactivate)
- Max Slippage – The difference between the expected price of a trade, and the price the trade actually executes at which you allow the EA to execute an order.
- Indicator Bar Value – The option to choose current bar value or closed bar value.
- ~~~~~Stochastic Oscillator Settings~~~~~
- %K value – Input %K value.
- %D value – Input %D value.
- Slowing value – Input %Slowing value.
- Buy below crossover Level – Input Buy below crossover Level.
- Sell above crossover Level – Sell above crossover Level.
- Price Field – Low/High or Close/Close.
- MA Method – Moving Average method. It can be any of enumeration values. SMA, EMA, SMMA, LWMA.
- ~~~~~Risk Management Settings~~~~~
- Start Lot – Starting lot size.
- Loss Factor – Multiplier of last lot size if the last trade was a loss.
- Max Consecutive loss – Maximum Consecutive loss, it will restart to starting lot size if reached.
- StopLoss – Stop loss value relative to open price. Measured in pips.
- TakeProfit – Take profit value relative to open price. Measured in pips.
- Trailing Stop – Modify Stop order when moves price moves to its favor, set 0 to deactivate.
- Trailing Step – Modify Stop order by step, this is made to avoid excessive modification when price moves to your favor.
- Traili Above Breakeven – if set to true, calculated trail stop will only be valid if its move in favor from the order open price.
- Close on Reverse Trend – if set to true, it will close open trade if it met the condition in reverse of opening the trade.
- ~~~~~Time and Day Filter Settings~~~~~ – For Opening of Trades Only.
- Daily Start Time – Starts to open a trade.
- Daily Stop Time – Ends to stop opening a trade.
- Monday – Trade on Monday.
- Tuesday – Trade on Tuesday.
- Wednesday – Trade on Wednesday.
- Thursday – Trade on Thursday.
- Friday – Trade on Friday.
- ~~~~~Alert Settings~~~~~
- Send_Email
- Audible_Alerts
- Push_Notifications
Martingale is a very risky strategy! Do not trade with money you can’t afford to lose! Consider withdrawal as a part of the strategy!
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