Challenger EA is a fully automated expert Advisor. It is a medium-term scalper.
Designed for covert work. The Expert Advisor closes orders with a profit or loss based on the value in the account currency. It also sets a stop loss. It works on a medium-and low-risk strategy. If you want, you can increase the risk, but it is not recommended to do this.
The Expert Advisor opens trades at the following events:
- Number of decimal places: Any name
- Broker: ECN or any other
- Server: VPS with low ping to your broker’s server
- Balance and lot: $ 1000 for 0.01 lot. With a risk (1%) of 0.01, it will open 0.01 with Server Min Lot 0.01 with a balance of $ 1000. With Server Min Lot equal to 0.10, the balance should be $ 10,000. First of all, test the Expert Advisor in the strategy tester!
- AUDCAD – M15 – No Martingale-Lot Multiplier
- AUDCHF – M15 – No Martingale, H1 – No Martingale-Lot Multiplier
- AUDUSD – M15 – No Martingale, H1 – No Martingale-Lot Multiplier
- CHFJPY – H1 – No Martingale-Lot Multiplier
- EURAUD – H1 – No Martingale
- EURCAD – M15 – No Martingale, H1 – Lot Multiplier
- EURCHF – M15 – No Martingale-Lot Multiplier
- GBPCAD – M15 – No Martingale
- GBPCHF – M15 – Lot Multiplier
- GBPUSD – M15 – No Martingale, H1 – No Martingale
- NZDUSD – M15 – No Martingale, H1 – No Martingale-Lot Multiplier
- USDCAD – H1 – No Martingale
- USDCHF – M15 – Lot Multiplier, H1 – No Martingale
- USDJPY – H1 – No Martingale-Lot Multiplier
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Note: For example, for AUDCHF, you can use the lot type ‘No Martingale’ on M15 and H1. And on H1, you can also use Lot Multiplier. Other lot types and timeframes are not recommended for AUDCHF.
What is the main difference between our Expert Advisor system and traditional averaging systems? Averaging systems open orders according to the distance in pips or the value of their own funds. But the difference between our Expert Advisor is that it opens orders when there is a trading opportunity and the required distance in pips is reached. This gives you a better chance of success and a smaller drawdown when trading.
General Settings
- Take Profit (Pips): take profit for the first order. When opening the second trade, the system removes the take profit (makes it equal to 0).
- Stop Loss (Pips): stop loss of the first order. If Max Orders is not equal to 1, the EA disables the stop loss, and the system will open new trades in the same direction to average losses.
- Fixed Lot Size: If the risk is 0, the EA enters the market with fixed lots.
- Risk 0.1×1000$€ = 0.1 lot (if 0 then OFF): the risk is calculated based on the available funds. 0.01 means 1%. 0.1 means 10% of the free margin.
- Max Spread (If 0 then OFF): the maximum allowed spread.
- Show Info Panel: Display the data panel. The Expert Advisor displays the details of the Expert Advisor, the trades, the server, and the symbol on the left side of the window.
- Magic Number: a unique magic number for the EA’s trades.
- Order Comment: comments on orders.
Settings for multiple orders
- Max Orders: The maximum number of open orders per symbol. 0 – unlimited. 1 – only one order. 0-2-3-4-5… – multiple orders.
- Min Distance in Orders (Pips): The Expert Advisor will not open other trades until the specified value is reached, even if it detects a good trading opportunity. 0-disabled.
- Lot Martingale Type: Non-martingale / lot multiplier / add to lot.
- Lot Multiplier: the multiplier of the lot of the previous order. It is not recommended when the broker’s lot step is 0.1.
- Lot Addition: increase the lot size of the previous order.
- Max Lot (If 0 then OFF): balance protection. The Expert Advisor will never open an order with a volume higher than Max Lot. When calculating the lot size, Max Lot is taken as the maximum value. Does not work when using Fixed Lot Size.
Closing Settings
- Profit To Close (If 0 then OFF): close all orders for the symbol when the profit reaches the specified value.
- Loss To Close (If 0 then OFF): close all orders for the symbol when the loss reaches the specified value.
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