Semi Martingale EA
EA features:
- - EA helps to open recovery trades after the first trade placed by the trader.
- - This EA works well with other EA.
- - Trader is allow to open first trade based on his analysis, which increase the chances of closing the trades with Take Profit.
- - EA has fake take profit setting to confuse broker.
- - EA has trailing stoploss function, allow trader to maximize profit.
- - EA open recovery trade only at the opening of new candle if criteria are met.
- - Take Profit can be set as dollar.
- - StopLoss & CutLoss Functions.
- - Auto set to Breakeven when trade layers is reached.
- - Pipstep exponential making the distance between two trades dynamic.
EA Parameters explain
Parameter Recommended Remarks TakeProfit Option: Pip TP - Dollar TP/ Pip TP
- There are two modes of TakeProfit for your trades.
Fake TakeProfit(pip): 50 - This takeprofit is a hardcore setting which will reflect in your trade.
- This fuction is ignored when “Dollar TP” is chosen.
Real TakeProfit(Pip):
4 - This is real takeprofit, it it usually lower than “Fake TakeProfit”.
- Your trade will hit this real takeprofit before hitting the fake takeprofit.
- This setting is ignored when “Dollar TP” is selected.
- “0” means Breakeven.
StopLoss(Pip) - Set a StopLoss to trades. Real TakeProfit($$):
- EA will calculate your required profit dollar and set it as a hardcore takeprofit in your trades.
- This function is ignored when “Pip TP” is chosen.
- “0” means Breakeven.
Real StopLoss($$) - Close trade(s) when the amount stop loss is reached. Recovery Options Pipstep & Candle Closed/
Pipstep Only- "Pipstep & Candle Closed": New recovery trade open when the pipstep value is reached and at the closed of the current candle.
- "Pipstep Only": New recovery trade open when the pipstep value is reached.Pipstep:
15 - This is the minimum pip distance between two trades.
Pipstep Exponential Rate: - Pipstep will increase according the this rate as the layer increases.
- Set at "1" means the pipstep will remain the same.Lotsize Exponential Rate:
1.3 - This is the multiply factor for the next trade lotsize.
- Example: (Setting at 1.3) if the first trade open with a lotsize of 0.10, the next trade will be 0.13.
- Set at “1” means that your following trades will have the same lotsize as your initial trade.
Breakeven Level: 5 - When trades layer reach this setting, EA will set the take profit to the breakeven point.
- This function increase the level of protection to account, and reduce the chances of margin call.Breakeven Level + pip 1 - This is a compensation to breakeven point. while "0" = exact break even point, "1" means break even point + 1 pips (So when breakeven level is hit, trader actually has 1 pip of profit, and so on. Maximum Trade Allowed: - EA only permit to open the number of trade allowed. Maximum Spread Allowed: - When spread over this number, EA will not open new trade until spread drop below this amount. Trailing function: - True: turn on trailing function.
- False : turn off trailing function.
Trailing Start pips: - “0” means trailing function will be activated when your trades breakeven.
- “10” means trailing function will be activated when your trades have a total profit of 10 pips.
Trailing Distance: 10 - This is the distance from the current price when trailing function activated.
CutLoss - Dollar - Close trade(s) when the amount stop loss is reached. CutLoss - Percentage (%) - Close trade(s) when the % of equity is reached. Automatic Start Trade True/False - This is for testing of EA functionality purpose. Please turn it to "FALSE".
Backest Direction
- Test on Buy/ Sell/ Buy & Sell
Notes in using this EA
PLEASE SET THE BACKTEST SETTING "AUTOMATIC START TRADE" TO "FALSE" .
This tool is very profitable when wisely use. Trader should have a reasonable target of profit, for greediness is a downward fall. Always enter the market when it is volatile and at the best setup of your analysis. $1,000 ($10 cent account), below this capital is not recommended to use this tool.
