Shen Fanzhuan (神反转), this EA, is not a traditional martingale strategy. Instead, it employs an advanced and innovative approach to its strategy. It is a strategy known for its high precision in trading.
Opening Conditions: The initial opening condition for this EA is when the price is 50 pips away from the 144-period moving average on the current time frame (default setting, but it can be manually adjusted). If the price is below the 144-period moving average and 50 pips away, a long position is taken. If the price is above the 144-period moving average and 50 pips away, a short position is taken. The intent of this opening condition is quite clear: when the price is far from the moving average, the likelihood of a price retracement is higher, and the distance for a counter-trend move is shorter, increasing the probability of a profitable pullback while reducing risk. This is one of the unique aspects of this EA.
Strategy Advantages: The intent of the opening condition is quite evident: trading far from the moving average increases the probability of profitable pullbacks, reducing risk. The strategy also incorporates an overall money stop-loss, which further reduces risk. This makes this EA stand out.
Closing Conditions: This EA uses a "partial closure" strategy. It partially closes profitable trades and hedges against losing trades to secure some profit. It doesn't wait until the account is entirely profitable before closing positions. The "partial closure" strategy allows it to capture even the smallest market retracement opportunities to reduce position size and take profits based on price levels.
Risk Points: Extreme one-sided market conditions (stop-loss is recommended).
Note: The default parameters for this EA are suitable for running simulated live tests. It is not recommended to modify the parameters because this EA has strict entry conditions and will not open positions immediately. Patience is advised.
Recommended Timeframe: 5 minutes
Recommended Currency Pairs: GBPUSD, GBPAUD, GBPCAD, GBPNZD, EURNZD, EURAUD, EURCAD, EURUSD, NZDUSD, AUDUSD (all recommended)
Recommended Account Type: ECN account (spread not higher than 50 pips)
Note: This live account has zero spreads, provided for reference. In later use, follow your platform's spreads and execution times as they may affect trade entries.
Forex EA Installation Steps:
After purchase, copy the Ex4 file to the MT4 platform in the MQL4/Experts directory.
Restart the MT platform, or in MT4, go to "View" -> "Navigator," right-click on "Expert Advisors," and click "Refresh."
First, open the currency pairs and drag the strategy onto the chart. There's no need to open charts for other currency pairs.
In the world of trading, there's no 100% accurate trading system, and even outstanding trading systems have periodic flaws. Having more reference signals is like having more guidance. Wishing you success soon!
