Hello my friends ...
Here is the new version (v3) 0f No Sleep EA as I promised before ...
I expect to do it in the early days of the new year, but I have been lucky to finish it earlier.
Please kindly read the settings description to understand how to use the EA the right way to lead you to big profit, otherwise you could damage your account ... You need to understand every single line to understand the logic behind this EA to maximize your profits ...
Here is the EA settings ...
View attachment 36201
Line 25 ...Has no effect ...
This line is only for telling you that use Pips instead on Points for Pip Step, Take Profit and Slippage.
Line 26 ...MM Type (0=Fixed) - (1=Best) - (2=Lazy)
Use, 0, 1, or 2 for different formulas to calculate lot sizes during trading.
Line 27 ...Lot Digits (1=Aggressive)-(2=Normal)
This for number of digits after the dicimal point used to calculate lot sizes. It makes big difference !.
Line 28 ...Starting Lot
The starting lot size for the first trade.
Line 29 ...Pip Step
The minimum distance (in Pips) between previous opened order and the new one calculated at each new bar open.
Line 30 ...Pip Step Multiplier (PSM)
This number is multiplied into Pip Step to get a new distance (Pip Step) for each new order.
Line 31 ...Start PSM After Trades
After number of PSM trades are opened, next orders are all multiplied by PSM value.
Line 32 ...Lot Multiplier
The name describes itself.
Line 33 ...Take Profit
Take Profit in Pips ... The EA first calculates the Break-even level (BE) then add Take Profit in pips to it.
Line 34 ...Slippage
Maximum allowed slippage when openeing a new order.
Line 35 ...Maximum Number Of Trades
Maximum number of trades to open in each trading round round till all close on profit.
Line 36 ...Use Trading Time Filter
Enable/Disable trading time.
Line 37 ...Trading Start Hour:
Starting hour for trading if trading time filter is used.
Line 38 ...Trading End Hour:
Ending hour for trading if trading time filter is used.
Line 39 ...Magic Number
Magic Number ... No need to change even if you trade multiple pairs.
(not preferred to trade more than 1 pair).
Line 40 ...EA Comment
Comment to show in your statement/comment column in your MT4 platform.
As you see, now we have PSM which is dynamically increase the distance between orders, but after the EA already opened certain number of orders to let the EA make more profit when price not go far from the first opened lot.
If you change both Lines 30 and 31 to 1, you will get same results as EA v2.
I believe this idea will work in 2 positive sides, "less risk" and "more profitable result".
I implement the same idea in the past on few number of my EAs and the results are enhanced than without using it.
So, please let us stop adding new features to this EA for the next few months. I believe adding more to it will make it more complicated and will start to make it fail. Simple is always better. We need to proof it works better, let's start making real money after get happy to best setting that everyone is comfortable with on hid demo.
Happy and Profitable trading