Glory Fire is an advanced Expert Advisor designed for traders seeking a potent combination of Averaging Martingale and strategic market analysis. This EA utilizes a dynamic time opening mechanism and leverages Bollinger Bands for precision entry points, ensuring a calculated and disciplined trading strategy.
This EA has passed a 5++ year backtest
Key Features:
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Averaging Martingale Strategy: Glory Fire employs an Averaging Martingale approach to manage trades, optimizing potential profits while carefully controlling risk. This strategy adapts to market conditions dynamically.
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Dynamic Time Opening: The EA utilizes a dynamic time opening feature, allowing trades to be initiated at strategic moments. This adaptability ensures that the EA responds effectively to changing market dynamics.
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Bollinger Bands Analysis: Glory Fire integrates Bollinger Bands for its open strategy. This technical indicator helps identify optimal entry points based on price volatility, enhancing the precision of trading decisions.
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Trailing Stop and Take Profit: The EA features a sophisticated Trailing Stop mechanism to maximize profits by allowing winning trades to ride the trend. Take Profit levels are also set to secure gains at predefined levels.
Parameters:
- MAGIC_NUMBER
- SLIPPAGE
- USE_TIME : If set to true, EA will only run at START_OP_HOUR to END_OP_HOUR
- START_OP_HOUR : EA will perform after START_OP_HOUR.
- END_OP_HOUR : EA will stop before END_OP_HOUR.
- COMMENT
- USE BUY/SELL : EA will perform Buy / Sell
- Lot / Balance : lot calculation = Balance / this value.
- BUY / SELL GRID : Averaging step.
- BUY / SELL MAX GRID : maximum open for BUY/SELL
- BUY / SELL STOPLOSS : stoploss for buy / sell
- BUY / SELL BUY GRID MULTIPLE : lot will multiple when averaging
- BUY / SELL TAKEPROFIT : takeprofit for buy / sell
- BUY / SELL BB TF : Timeframe for Bolinger Bands Indicator BUY / SELL
- BUY / SELL BB PERIOD : Period for Bolinger Bands indicator
- BUY / SELL BB DEVIATION : Deviation for Bolinger Bands Indicator
- BUY / SELL BB ADD PIPS : Tolerance pips for Bolinger Bands Indicator
- BUY / SELL AVERAGING USE INDICATOR : if set true, averaging will perform when indicator triggered.
Note : we have a best setting ever for some pair we have backtested this EA. you can access this setting in the screenshot image