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McDuckEA MT5

McDuckEA MT5 – works on the martingale strategy. It shows good results when trading on Gold, XAUUSD. Martingale orders are opened with a step from each other and only after the opening of a new bar of the set timeframe. During the release of important news, the adviser suspends the opening of new orders. The EA has an internal risk control system and, if the risk is exceeded, it starts to exit the market, closing extreme positions in pairs. The level of loading of the deposit determines the risk and profit. We recommend setting the deposit load value to no more than 30%. Profitable positions are automatically protected by built-in breakeven and trailing stop. There are settings for working by time and days of the week.

A set files and a guide to the EA McDuckEA MT5 can be found in the "Comments" section.

Benefits

  • risk management by percentage of the deposit load;
  • stop opening orders at the time of the release of important news;
  • pairwise closing of extreme positions if the risk is exceeded;
  • automatic magic number, individual for each currency pair;
  • built-in trailing stop and breakeven have no settings, they work automatically;
  • closing orders by drawdown percentage;
  • work break by day of the week;
  • work by time, by hours and minutes;
  • managing orders using "hot" buttons;
  • works on accounts with quotes of 4 and 5 decimal places.

Parameters

GENERAL SETTINGS

  • Open new orders
  • First, initial lot
  • Take Profit
  • Stop Loss
  • MA for directional selection
  • Moving Average period from 10 to 34
  • Position direction:
  • Magic number (0-automat) - the EA generates the magic number automatically.
  • Slippage

RISK MANAGEMENT

  • Timeframe, for step increase: - by changing the timeframe, you can increase or decrease the step between orders.
  • Step between orders
  • Deposit Load in %
  • Close all orders at drawdown (%) - if the drawdown reaches the set value, then all positions will be closed.
  • Max spread in points 

NEWS BLOCKE - settings for working during news releases.

TRADE BY TIME - trading time by days of the week or hours and minutes.

OTHER SETTING



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Version 4.2 2023.09.06
Fixed technical error. One parameter was incorrectly set.
Version 4.1 2023.09.04
The AUTO TREND block has been removed, leaving one moving average instead, which works well in conjunction with another indicator. Due to the change in the risk management system, there is no need to divide lots into groups "Martingale", "Economy", "Equal size".
Version 4.0 2023.09.01
Added AUTO TREND block with trend indicators to determine the direction of the trend when opening the first order. Improved risk management system, now risk can be managed using one parameter "Deposit Load in %".
Version 3.1 2023.08.08
Added a stop trading during the release of news with the display of the nearest news on the chart and closing of all positions with a minimum profit in case of a decrease in the margin level below 200%. Returned the martingale multiplier to the control menu.
Version 3.0 2023.07.08
Instead of the martingale multiplier, you can now choose 3 types of lots: "Martingale" lots, "Economy" lots, "Equal size" lots.
Made the risk management system more understandable! Now you can manage the risk by decreasing or increasing the deposit loading percentage. Returned the usual scheme of work on time. Updated and supplemented the guide to the EA.
Version 2.1 2023.05.23
Important changes have been made that allow you to configure the adviser to work with any deposit. Now you can turn off the automatic risk calculation and manually set the risk parameters depending on the size of the deposit. In addition, the new parameter "Timeframe, for step increase" allows you to increase the step size between orders by selecting a higher timeframe.
Version 2.0 2023.05.13
The EA has been completely redesigned! The trading strategy has been changed, now the EA does not use indicators and does not use hedging. Added an internal risk management system and automatic trailing stop and breakeven.
Version 1.3 2022.09.09
Исправлена ошибка в работе виртуального тейк профита.
Version 1.2 2022.07.12
Исправлена ошибка в работе стратегии мартигейла.
Version 1.1 2022.06.09
Fixed an error, the EA incorrectly displayed information about trading on the chart.