The EA trades a basket of three currency pairs on a single account in a partially hedged formation. Pairs are traded simultaneously during a period when their prices are not correlated with each other. The EA does not rely on network latency between multiple accounts. The Expert Advisor is fully automatic and does not require user intervention after running on the chart. The basket of trades is closed when the specified total profit in pips is reached or when the closing condition is met.
Please note that for testing this program, there is a free version that will only trade 0.01 lots and execute only a part of the trades. This paid version is much more flexible, makes more transactions and has more configurable parameters.
Please note that for testing this program, there is a free version that will only trade 0.01 lots and execute only a part of the trades. This paid version is much more flexible, makes more transactions and has more configurable parameters.
The Expert Advisor is well suited for low-risk trading in the market. By opening three trades simultaneously in a partially hedged formation, the EA protects your account from market fluctuations. The transaction time ranges from a few seconds to several days, and not just a few seconds, as in arbitration, since our Expert Advisor relies less on network delays and execution speed. However, we still recommend a broker with low spreads and fast execution, as these factors still affect the number of trades and potential profit.
[spoiler title=”Read More…”]
The Expert Advisor cannot be tested on the history using the tester, as you can only test one pair at a time. I tested the EA on history using my own program and real tick data for all three default pairs: AUDUSD, EURUSD, and EURAUD. With the default risk (10), the expected maximum drawdown was 10% with an expected average monthly return of 5%. The Expert Advisor will limit the risk to prevent large drawdowns. The results may vary depending on the brokerage commission and other market conditions. Initially, the Expert Advisor comes with settings for working with an ECN broker. Please check if your broker is an ECN broker to use more appropriate settings.
- Magic – the magic number for identifying the EA’s orders
- Lots – fixed lot size, if the automatic lot is not used, the Expert Advisor will limit this value to prevent increased risks.
- useAutoLot – if true, the lot size is based on the account balance and risk settings
- autoLotRisk – the minimum percentage value of the account margin when trading a basket of currencies
- ProfitMult – the total total number of pips * 10 for a take profit when trading 3 pairs.
- LossProfitMult – total number of pips * 10 for the stop loss
- SpreadAllowed – maximum allowed spread
- TakeProfit-fixed take profit for each pair in case of loss of connection with the server
- StopLoss – fixed stop loss for each pair
- FileRecord – if True, all tick data is recorded
Please contact me if you have any questions, I will be happy to help.
Benjamin Patry is a programming expert in the development, design, and optimization of automated trading programs with more than seven years of Forex experience and more than a decade of trading experience.
[/spoiler]