FTrade




FTRADE is an Expert Advisor that uses breakouts of highs and lows to enter trades. Every trade has a fixed SL and TP/Trailing stop. It is fully optimized for the EURUSD H4 timeframe, but you can adjust it for other currency pairs. It uses NO martiginale trading style and is very consistent since 2000 (see graphs).
Try the demo now!

Key Advantages of the EA:

  • NO martiginale!
  • No more than 4 open trades at once.
  • ALWAYS use of stop loss to protect capital.
  • User-friendly.
  • Optimizable for all currency pairs.

Adjustable Parameters:

  • countback - number of candles to look back for highs and lows.
  • stop - number of pips for the stop loss.
  • limit - number of pips for the take profit of trade1.
  • trailingstop - number of pips for the trailing stop of trade2.
  • useMA - use of Moving Averages. Put it to "1" if you want the trades only to be placed when 'MA > MA2' for going long, and 'MA < MA2' for going short.
  • MAperiod - period of the first MA.
  • MA2period - period of the second MA.
  • trade1 - opens a trade with fixed stop loss and take profit.
  • trade2 - open a trade with trailing stop (initial stop loss is the same as trade1).
  • breakevenpips - this is used to lock in the profit as soon as the number of positive pips exceeds this number.
  • breakevenextra - this is the number of pips it will try to lock in (should always be <= then breakevenpips):
    • Example: both default at "8". The EA will try to set stop loss to 8 positive pips from the open price as soon as the number of positive pips exceeds 8 pips.
    • Example2: Breakevenpips at "50", breakevenextra at "20". As soon as the number of positive pips exceeds "50", it will put the stoploss at 20 positive pips from open price.
  • autolotsize - when set to TRUE, it will automatically calculate the lot size based on the Risk defined below.
  • startlots - the lotsize to be used when autolotsize is FALSE. When autolotsize is TRUE, it will function as the MINIMUM lotsize to be used.
  • maxLots - the MAXIMUM lot size to be used.
  • Risk - the maximum risk in % for each trade, based on the account balance.
  • Magicnumber - the magic number to be used, so that the EA doesn't mix up with other EA's or manual trades.
The EA will be constantly optimized if possible.

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