[EA] Charles-1.3.3 - MetaTrader 4 Expert - MT4/MT5 Resources

AlFa

The EA starts looking for prices and breakouts. Afterwards, it continues trading by gradually placing orders, aiming to achieve global profits. It will also perform scalping trades when positive numbers are reached and try to increase profits when trading on the market.

It should work for most pairings and all periods. The profit factor is not "galactic" since it tries to protect the capital as much as possible with a small but constant profit increment and a small draw down.

Additionally, there is protection when profits fall below the balance risk percentage. It places hedging orders to stem losses and looks for some indicators to try to catch the good direction to exit the stalls.

Of course, it can be improved a lot and may require manual intervention and/or adjustment of some parameters based on market conditions. But overall, it should be pretty stable.

If you like this EA and you have some expertise in Forex trading, I will be more than happy to provide tips and ideas on how to improve it. Also, if you have time to test it and find bugs, please report them to me.

Attachment download

📎 Charels1_3_9.mq4 (25.67 KB)

📎 Charles1_3_3.mq4 (19.95 KB)

📎 Charles1_3_5.mq4 (20.09 KB)

📎 Charles1_3_8.mq4 (20.7 KB)

📎 Charles2_0_3.mq4 (45.16 KB)

Source: MQL5 #10768