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      Universal Indicator EA - Expert Advisor for any indicator

      Afsal

      Afsal

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      "Universal Indicator EA" without any restrictions (No Time or Account Type Limit)

      This EA is made with the concept of using a single expert advisor for all indicators
      So It can work with any Indicator that gives Buy and Sell Signals.

      This can work in demo or live account for unlimited period of time .

      You can use it on any time frame ...

      In settings Give the name of Indicator to be used by EA and start trading.
      EA will use default settings of given Indicator.

      Verify trades taken by EA comparing with Indicator signals. If found wrong find the right buffer for signal from indicator and change that under buffer settings.

      Use it on demo first for at least a week ...
       

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      Reversing is a type of martingale. Such systems suggest lot doubling after a losing trade, so that profit could cover previous trade's losses in case of success.

      The main difference of the reverse martingale from the classical one is that the deal following the losing one is opened in the opposite direction. Let us review an example:

      You open a 0.1-lot Long trade #1;
      If the trade closes by Take Profit, the next trade will also have the volume of 0.1 lot;
      If trade #1 closes by Stop Loss, trade #2 should be opened immediately after the Stop Loss. This new trade is opened in the opposite direction with a doubled lot: Short, 0.2 lots;
      If trade #2 closes with a profit, this profit covers the loss of trade #1 and additionally brings profit;
      If trade #2 closes by Stop Loss, trade #3 is opened immediately after the Stop Loss. This new trade is opened in the opposite direction: Long, 0.4 lots;
      If trade #3 closes with a profit, this profit covers the losses of trades #1 and #2, and additionally brings profit of 0.1 lots (0.4 – 0.2 – 0.1 = 0.1 lots);
      If not, you again open a trade in the opposite direction with a double lot ...
      Do you think such a strategy can be profitable? Why not, when used in a trending market? This strategy helps you follow the trend. If you go wrong with the trend in your first trade, you simply close it and open a new one in the trend direction.
       
      I copied this article somewhere I forgot the author but I find it interesting, can one make this kind of martingale EA, and would it be profitable?
       
      Fanta said:
      I copied this article somewhere I forgot the author but I find it interesting, can one make this kind of martingale EA, and would it be profitable?
      Click to expand...
      Sorry. This thread is about Universal Indicator EA. Please open a new thread for your discussion
       
      Komson said:
      Here you are!
      But It's blew the account at the end.
      Click to expand...
      EA performance is based on your indicator signal accuracy.It blew the account as your indicator is producing many false buy and sell signals.

      Download updated version from here
       
      Last edited by a moderator:
      Afsal said:
      EA performance is based on your indicator signal accuracy.It blew the account as your indicator is producing many false buy and sell signals.

      Download updated version from here
      Click to expand...

      Great tool. I'm testing. How to place pending orders?
       
      Last edited by a moderator:
      Thank you.

      Current version do not have pending order placing ability. It takes instant orders based on indicator signal.

      When you need to place pending orders? Explain your requirement, so I can add this feature to EA.
       
      Afsal said:
      Thank you.

      Current version do not have pending order placing ability. It takes instant orders based on indicator signal.

      When you need to place pending orders? Explain your requirement, so I can add this feature to EA.
      Click to expand...
      Thanks for your attention, what I need is to place a pending order x pips at the minimum of the signal candle. It is also possible to add other filters, like other indicators, in fact a universal inidicator that allows to attach several indicators.
       

      Attachments

      • Pendente.JPG
        Pendente.JPG
        37.2 KB · Views: 544
      Afsal said:
      EA performance is based on your indicator signal accuracy.It blew the account as your indicator is producing many false buy and sell signals.

      Download updated version from here
      Click to expand...
      Interesting subscribe thread
       
      Last edited by a moderator:
      Afsal said:
      Thank you.

      Current version do not have pending order placing ability. It takes instant orders based on indicator signal.

      When you need to place pending orders? Explain your requirement, so I can add this feature to EA.
      Click to expand...
      I am trying to attach this indicator with ea but I can't so please check this if work then share set file I am using Ic markets Broker
       

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