Market / MetaTrader 4 / Experts /

Fireball EA

FREE

Published: 31 March 2019

Current version: 1.0

Fireball EA

3.89

Experts
Michele Mueschen
Version: 1.0

Fireball EA is an automated expert advisor that uses a unique approach to money management and volatility based entry signals to capture market movements independent of direction.

It is fully compatible with FIFO rules and works on hedging as well as netting accounts.

Pairs and Timeframe

Fireball EA runs on M15 timeframe. The following currency pairs are officially supported:

EURUSD
GBPUSD
USDJPY
USDCAD
USDCHF
AUDUSD
NZDUSD

Settings

Money Management - Either FIXED or DYNAMIC
Fixed Volume - Fixed Lot
Reference Balance for Volume - If Money Management is DYNAMIC, the fixed volume will be applied to the reference balance
Take Profit - Take Profit
Zone Width - Fireball uses the mechanism of the "recovery zone". The width of this zone can be adjusted here.
Maximum Orders per Symbol - Use this to limit the maximum number of recovery orders.
Maximum Spread - Spread filter
Maximum Slippage - Maximum Slippage
Starting Hour - The starting hour for trading can be defined here. It is specified in broker time.
Ending Hour - Ending hour for trading in broker time.
Closing Mode - How to close open positions. Default: MPF (Most Profitable First). For FIFO brokers set this to FIFO.
Account Type - Default: HEDGING. If your broker doesn't allow HEDGING, set this to NETTING.
Show Visuals - Show the take profit and recovery zone that the EA uses.
Magic Number - Unique number to identify this EA.
Comment - A comment attached to all orders.

Further Recommendations

When running Fireball EA on multiple currency pairs at the same time, it is recommended to have at least $1000 of account balance allocated for each pair.

Best results are achieved in HEDGING mode using a low spread ECN broker and a low latency VPS.

There is no need to deactivate Fireball EA during news events because it benefits from the market moves that can be caused by news.

This is a free version of Fireball EA which only works on demo accounts.

more...

133

Ingbor 2021.02.11 18:53 #

Good

644

lchenot 2019.05.30 14:11 #

Very interesting EA. Too early to tell, but powerful first results on demo account. Waiting for the real one ;-)

1568

Mostafa Nasar 2019.05.23 15:11 #

looks very stable and profitable

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6764

Miguel Jimenez Cordero 2021.03.08 15:34 #

Good job.

133

Ingbor 2021.02.11 18:53 #

Good

ahmed11841 2021.02.10 04:57 #

very bad

1187

Thomas Fairhurst 2019.05.31 09:06 #

Interesting EA needs more testing

644

lchenot 2019.05.30 14:11 #

Very interesting EA. Too early to tell, but powerful first results on demo account. Waiting for the real one ;-)

2728

philippe germain 2019.05.23 15:37 #

Martingale!

1568

Mostafa Nasar 2019.05.23 15:11 #

looks very stable and profitable

detav 2019.05.13 11:44 #

Impressionné par les résultats. Vivement une version (gratuite ou payante) pour les comptes réels ! :-)

1024

Jaldip Ramani 2019.04.01 16:05 #

User didn't leave any comment to the rating