Market / MetaTrader 4 / Experts /

Black Cat

FREE

Published: 2 May 2017

Current version: 1.0

Black Cat

1.5

Experts
Heinz Kappler
Version: 1.0

Expert with martingale strategy, to experiment.

A profit trade offsets a loss trade.

An example:

Cent-Account, 35 USD are then 3500 USD.
Account: USD and 1: 400
EA setting: Cat_type Normal, Variant 1, BaseLot 0.1

If the case occurs with two loss trades in a row, the loss is about 3000 USD.

Two loss trades in a row can be avoided by a low spread and continuous trade of the EA.

Signal: https://www.mql5.com/en/market/product/22450#!tab=comments&comment=5808183

Technical specifications

Underlying: EURUSD - M15

Digit: 5 digit broker recommended

Average spread: 1.6 pips, for Cat_type Risk lower recommended

Frequency: average 130 times a year

Stoploss: Normal and Risk = 65 pips, More secure = 90 pips

Profit sharing: Normal and More secure = 1,5 pips, Risk = 1,9 pips

Backtest

See screenshot. Based on tick data.

Input

The settings for the EA are:

Magicnumber - sets the order belonging to this EA; per chart with an EA another magic number
BaseLot - lot size for the order
Ordercomment - comment for the order
MaxSpread - in pips, maximum spread for trade

Cat_type - trade setting of the EA: Normal, More secured, Risk, double Risk or Custom
Indicators_variant - Two indicator settings are supported. Variant 1 less trades and less lost trades versus variant 2.

For Cat_type Custom following entries are possible:

TakeProfit - fixed take profit in pips
StopLoss - solid stop in pips
UseExitMinimumPips - EA closes order after set pips

Start

The results can vary from broker to broker (spread, slippage, etc.).

I recommend starting with a demo account.

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The Trading Assistant can apply automatic exits, set pending orders when trading is closed, scale trades and much more. The tool is easy to handle and clear, it works smoothly with one or more orders. Features Scheduling of pending and market order - useful for time based strategies or for preparing an order when the market is closed Automatic stop to break-even point for position protection Independent profit taking by the crossing of two moving averages - ideal for trend strategies Finely ad

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Essentials for manual trading. The utility includes functions such as money management, automatic exits, hedging of positions, setting orders by date, OrderClose menu and others. Simple operation and clearly arranged, the tool works with one or more orders. Low tick rate compatible. Features Display money management - right lot size is calculated from stoploss, account balance and risk appetite Scheduling of pending and market order - time based strategies or for preparing an order when the ma

32 USD

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