Trading EA with simple entry and trailing stop

MQL4 Uzman Danışmanlar

İş Gereklilikleri

Hello guys !

I'm not an expert in trading but I have a simple EA idea based on a video that I saw regarding the win/lose ratio in pips on a video. ( https://www.youtube.com/watch?v=bRCtBRsLPmk)


I would like a simple EA that :

Money management :

- We can change on the settings the MoneyManagement. By default, every trade risks 2% of the capital

- Stoploss at -1pips (10points)
- take profit is a trailing stop : When market is going in the right direction and hit 3 pips floating profit = trailing stop starts and the stoploss is triggered and put to 1 pips under.(exemple : I buy eurusd at 1,10010, after a few min, eur usd hit 1,10040 so the EA change the  stoploss to 1,10030.)

- After a trailing session is triggered, if market continue in the good direction : Trailing stop raise itself to 1 pip higher every 2 more pips in profit.

(exemple : eurusd is now at 1,10040 and my sl is now 1,10030, market goes to 1.10060 then stoploss is changed to 1.10040, etc etc)

- After a trade on a pair is closed, the EA stop trading this pair during 7 hours.




Entry logic :

HERE you can recommend me an entry logic if you have good Ideas that can do a 70/30 winning rate if you know one. Otherwise, if you dont have good entry strategy idea to recommend me, my idea is :

Using Bollinger Bands :

When the market goes under the middle line of the BB (when it crosses it) : SELL

When market going upward : BUY

After a trade is closed, EA don't trade during 7 hours on this pair (to avoid foolish trades during ranging market)


Specifications :

The EA will maybe be used on a MAM account, it has to check very often the amount of the capital to avoid entering trade with bad money management. But normaly, as it doesn't use any pending orders, it should be good.



What do you think about this strategy ? If you are ok with it, it seems to be a good strategy and everything is understandable, let's go :)


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