Forex EA Name: Coin Toss Up/Down Sure-Win Forex EA. This EA is a probability-based breakout strategy. It enters the market after determining the general market conditions. In case of manual judgment errors, the EA reverses the positions and uses a Martingale coefficient to seek profit in the next market movement. Therefore, this EA is not afraid of strong one-sided movements, major news events, non-farm payroll reports, and similar adverse market conditions, but it is designed to avoid short-term choppy markets.
In the field of forex trading, there is a famous theory known as the "random walker theory," which states that forex market movements are random and can go up or down. The Coin Toss Up/Down EA is based on the principles of this random probability theory. When used in specific market conditions and times, this EA can generate significant profits.
Here's an example:
Suppose we place the first trade with 0.1 lots and incur a loss of $10. Then, we double the trade size to 0.2 lots and incur a loss of $20. Next, we place a trade with 0.4 lots. How much profit do we need to make on this 0.4-lot trade to recover the losses from the previous two trades and maximize profits? The approach is as follows: The current net profit = Money gained from the 0.4-lot trade - $10 loss from the 0.1-lot trade - $20 loss from the 0.2-lot trade. The EA uses a trailing stop mechanism for the net profit. According to the parameters set above, if the net profit exceeds $15, the EA will automatically stop out when the net profit retraces by $6. This approach allows profits to run, and sometimes, a strong market movement can generate substantial profit. If the net profit grows significantly and then retraces by $6, the EA will automatically stop out.
Usage Tips for Forex EA:
This EA can be dragged into multiple currency pair windows and run on multiple currency pairs simultaneously. However, you should not drag the EA into the same currency pair window more than once, as it may cause issues with the program.
This program is a semi-automatic EA. Once it exits with a profit, it will not continue trading.
Forex EA Installation Steps:
After purchasing, copy the .ex4 file to the MQL4/Experts folder in your MT4 platform.
Restart the MT4 platform (or, in MT4, go to "View" - "Navigator" - right-click on "Expert Advisors" - Refresh).
Open the chart for the currency pair you want to use and drag the strategy onto the chart. Other currency pairs do not require chart openings.
Remember, there is no 100% accurate trading system in the world. Even the most outstanding trading systems have periodic flaws. Having more reference signals is like having more guidance. I wish you success soon!
