Market / MetaTrader 4 / Experts /

Wait and See

30 USD

Demo downloaded: 121

Published: 30 November 2018

Current version: 1.0

Wait and See

Experts
Safa Erden
Version: 1.0
Activations: 5

Wait & See

Wait & See is a fully automated Expert Advisor. No manual trading is suggested. All screenshots belong to backtests with EURUSD H1 timeframe.

WARNING: Wait & See uses 1,2,3,4 and 5 as magic numbers. If you are using other Expert Advisors to send orders at the same time with Wait & See, do not use these preserved magic numbers for other orders.

Wait & See is based on three main steps: Open a new order, martingale if needed and take profit.
Open new order: Wait & See uses the MACD,RSI,Ichimoku,SMA and Stochastic Oscilator to open the first order.
Martingale: After opening a new position, if the trend goes the opposite direction, the Wait & See begins opening new positions with the same direction of the first order. The Stop Loss parameter defines the grid limits, and the predefined value is suggested.
Take Profit: Wait & See closes all orders if the predefined profit is reached. The TakeProfit parameter defines the profit amount to close orders, and the predefined value is suggested.

Recommendations

EA Settings: Use the default parameters.
Symbol: EURUSD is suggested.
Timeframe: H1 is suggested but also the other timeframes with low spreads can be chosen.
Brokers: ECN brokers, low spread/commission, 1:400 leverage, non-FIFO or FIFO.
Trading Condition: Ranging.
Minimum Deposit: $2000 .

Parameters

Lots - Initial volume to open positions.
MaximumRisk - Defines the maximum risk that user can have if the auto lot is true.
Autolot - Enables to optimizing the lotsize.
MaximumSpread - Limits to open new positions with high spread symbols.
MaximumLevel - The maximum number of the positions to limit the loses.
TakeProfit - Take profit value for each order set.
Stop Loss - To open a new martingale position, this parameter defines the separation between positions when the trend goes opposite.

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EA Settings: Use the default parameters.Symbol: EURUSD is suggested.Timeframe: H1 is suggested but also the other timeframes with low spreads can be chosen.Brokers: ECN brokers, low spread/commission, 1:400 leverage, non-FIFO or FIFO.Trading Condition: Ranging.Minimum Deposit: $2000 .

Parameters

EA Settings: Use the default parameters.
Symbol: EURUSD is suggested.
Timeframe: H1 is suggested but also the other timeframes with low spreads can be chosen.
Brokers: ECN brokers, low spread/commission, 1:400 leverage, non-FIFO or FIFO.
Trading Condition: Ranging.
Minimum Deposit: $2000 .