The Simplest Way

The Simplest Way: Expert Advisor Guide for EUR/USD (H1)

The The Simplest Way is an Expert Advisor (EA) for the MetaTrader platform focused on account management, position handling, and order management to minimize risks and increase profitability. Its strategy is based on monitoring the account balance, the balance-to-position size ratio, and adjusting the number of orders based on profitable or losing outcomes. Additionally, the SimpleBalance Trader can open new positions with double the lot size if a previous position is not performing well, aiming to recover any losses.

Note: While this EA is optimized for EUR/USD on the H1 timeframe, it can be used with other currency pairs and timeframes. The optimal settings for different pairs and timeframes can be adjusted based on your own testing and strategy.

SETFILES:

Get the setfiles from comments!

PRICE :

after each sale, the price will increase by 20.

Input Variables:

1. BALANCE & LOT

• Enable_Lot_Calculator : Enables the lot size calculator. When enabled, the EA adjusts the position size based on the account balance.

• max_Lot_Size: Sets the maximum lot size for the positions.

• Balance_Per_Lot_Unit : The amount of balance corresponding to one lot.

• Lot_Size_Per_Balance_Unit : Defines the lot size ratio per unit of balance.

2. POSITIONS

• Min_Points_Between_Positions : Defines the minimum distance (in points) between positions.

• Position_Lot_Multiplier : The multiplier for the lot size of new positions when there are already open positions.

3. PROFIT % & USD

• profit_Threshold_Percent : Sets the profit threshold as a percentage to close positions with a profit.

• Profit_Threshold_USD : Sets the profit threshold in USD to close positions with a profit.

4. TP_SL-points

• Take_Profit_Points : Defines the distance for Take Profit (in points, 1 pip = 10 points).

• Stop_Loss_Points : Defines the distance for Stop Loss (in points, 1 pip = 10 points).

5. ORDERS

• Max_Allowed_Orders : Defines the maximum number of orders that can be open simultaneously.

6. EXTRA SAFETY

• safety_Close_Trigger : Enables safety for closing positions when an opposite trend is detected. When enabled, the EA monitors for opposing trends and closes positions when necessary to prevent excessive losses.

• equity_Threshold_Percent : Defines the percentage drawdown in the account before the EA automatically closes positions to prevent further losses. Example: If the equity drops by 70% (e.g., -700 USD), the EA will close the positions with a loss.

EA Functionality:

The The Simplest Way follows the logic for position management as follows:

• If a position does not perform as expected (i.e., the market moves against the position), the EA opens a new position with double the lot size, provided certain conditions are met, such as the distance between positions.

• When the total profit reaches:

1. The profit percentage defined in the profit_Threshold_Percent variable,

2. The profit in USD defined in the Profit_Threshold_USD variable,

3. Or when it reaches the Take_Profit_Points (the distance in points),

• then the EA closes all open positions with the total profit. The first condition to be met triggers the closing of all positions with the profit.

The The Simplest Way is designed to provide a simple and reliable way to manage the account and positions, with the use of advanced safety and automation features, making it suitable for traders who wish to control and adjust their positions based on their account balance and the current market conditions.