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MAD Scalper Expert Advisor

MAD - Moving Average Distance

The MAD Scalper Expert Advisor uses ATR and the distance to a moving average to determine if price has the potential for reversion (mean reversion). Trades are closed when price returns to mean (moving average) + buffer. We use ATR as our MA_Buffer.

MAD includes an averaging feature. The range is determined by ATR and the RangeMultiplier. The higher the RangeMultiplier the further apart the averaging trades will be.

Works on all time frames and pairs.


Suggestions:

 It works best on the least volatile pairs (EURUSD, AUDCHF, AUDNZD, EURCHF, EURGBP, NZDCHF, NZDJPY). I prefer lower time frames with a smaller MA period (15M time frame, 50 MA). This allows the MA to catch up quicker in major trends and avoid catastrophe before MaxPairLoss kicks in. 

No EA should be left alone. Human intervention is a must. Turn this off during major news events. 


Settings:

MagicNumber: Magic Number used for orders

ATR_Multiplier: Multiplier of ATR for the calculation.
MA_Period: Moving Average Period to use (EMA).
MIN_RSI: Will not enter buy unless RSI is below the MIN_RSI
MAX_RSI: Will not enter sell unless RSI is above the MAX_RSI
UseMABuffer: Don't use MA Buffer to close trades (Buffer = ATR)

UseAveraging: Turns on the averaging feature
UseLotSizeAdd: Increment lot size option
RangeMultiplier: Used to calculate the distance between averaging trades.
MinRange: If the calculated Range is below MinRange then Range will be set to MinRange
MaxOpen: Max orders that will open.
ClosePercent: Percentage of account balance to close averaging trades in profit.

Lot_Size: Starting Lot Size
MaxPairLoss: Percentage of account balance to close all pair trades.
MaxSpread: Max Spread

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$499.99 END   ̶O̶N̶ ̶S̶U̶N̶D̶A̶Y̶,̶ ̶J̶U̶N̶E̶ ̶3̶0̶,̶ ̶2̶0̶2̶4̶   ON MONDAY, JULY 01, 2024 !   "FUTURE SIGHT OFFICIALLY ONLY SOLD IN MQL5" FUTURE SIGHT WITH A  WIN RATE OF MORE THAN 80% , OPENING 10 TO 20 OR MORE TRADING EVERY DAY ON 8 SYMBOLS, LOW RISK WITH  "SPECIAL PARAMETER - EXPECTED DD"   THAT YOU CAN SET,   DOES NOT USE THE MARTINGALE METHOD, DOES NOT USE THE GRID METHOD, ONLY OPEN TRADES PER SIGNAL WITH THE TOTAL OPENED TRADES ACCORDING TO THE PARAMETER VALUE NAMED "SPLIT TRADES" AND ON
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Version 2.0 2019.01.15
Added UseMABuffer
Version 1.9 2019.01.14
Added MinRange