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:
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.
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.
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.
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