Allgain100
- Experts
- Nissar Ahmed
- Version: 1.0
- Activations: 5
Key Features
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Strategy Core
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EMA Crossover System:
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Fast EMA (default: 20) and Slow EMA (default: 50)
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Generates buy signals when Fast EMA crosses above Slow EMA.
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Generates sell signals when Fast EMA crosses below Slow EMA.
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Fibonacci Filter:
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Calculates Fibonacci retrenchment levels (23.6%, 38.2%, 50%, 61.8%, 78.6%) based on recent price swings.
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Requires price to be near a Fibonacci level (configurable threshold) to validate trades.
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Risk Management
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Position Sizing: Dynamically calculates lot size based on account balance and user-defined risk percentage.
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Stop Loss & Take Profit: Fixed in pips, adjusted for 5-digit brokers.
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Single Position Rule: Avoids multiple entries by allowing only one active trade at a time.
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User Configuration
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Toggle trading on/off ( Enable Trading ).
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Adjust EMA periods, Fibonacci look back, and risk parameters.
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Enable/disable Fibonacci filtering ( UseFibFilter ).
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Input Parameters
| Group | Parameter | Description |
|---|---|---|
| Strategy Settings | EnableTrading | Enable/disable trading |
| MagicNumber | Unique identifier for EA trades | |
| RiskPercentage | Risk per trade (% of account balance) | |
| EMA Settings | FastEMA | Period for faster EMA (e.g., 20) |
| SlowEMA | Period for slower EMA (e.g., 50) | |
| Fibonacci Settings | FibLookback | Bars analyzed for swing high/low (e.g., 100) |
| FibThreshold | Max distance (pips) from Fib level to trade | |
| UseFibFilter | Enable Fibonacci validation | |
| Trade Settings | StopLoss | Stop loss in pips (e.g., 100) |
| TakeProfit | Take profit in pips (e.g., 50) |
Workflow
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Initialization ( OnInit ):
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Validates EMA periods (ensures Fast < Slow).
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Initializes EMA indicators and calculates PointMultiplier for broker digit adjustment.
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Sets magic number for trade identification.
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Tick Processing ( OnTick ):
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Signal Generation:
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Checks EMA crossover conditions using the latest two bars.
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Fibonacci Validation:
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Identifies recent swing high/low over FibLookback bars.
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Computes Fibonacci levels and checks proximity to current price.
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Trade Execution:
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Calculates stop loss ( sl ), take profit ( tp ), and lot size.
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Executes buy/sell orders only if no existing positions.
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Risk Management:
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CalculateLotSize() : Uses account balance, risk percentage, and stop loss to determine position size.
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Converts pips to points for SL/TP using PointMultiplier .
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Example Trade
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Buy Signal:
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Fast EMA (20) crosses above Slow EMA (50).
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Current price is within 0.5 pips of the 61.8% Fibonacci level.
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Lot size = (1% of $10,000 account) / (100 pips SL * tick value).
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Order: Buy 0.15 lots, SL = entry - 100 pips, TP = entry + 50 pips.
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Notes
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Broker Compatibility: Handles 4/5-digit brokers via PointMultiplier .
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Limitations:
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No trailing stop or recovery mechanism.
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Single-position logic may miss opportunities in trending markets.
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Optimization: Consider adding trend filters (e.g., RSI) or modifying Fibonacci calculation logic for different market conditions.
This EA provides a systematic approach to trading EMA crossovers with Fibonacci confirmation, emphasizing controlled risk and parameter flexibility. Test thoroughly in a demo environment before live deployment.
