Gegatrade Pro EA is a Cost Averaging System with a Sophisticated Algorithm.
It is secured by a built-in “News WatchDog” system that suspends trading during news events.
Gegatrade Pro EA is based on the fact that most of the time the price usually moves between the upper and lower boundaries of the trading channel.
Basing on this fact, Gegatrade Pro places its first trade, assuming that the price is going to return to its average value and take the profit which is defined.
If the price leaves the trading channel and continues further in this direction, then Gegatrade Pro starts its “cost-averaging strategy” which will add new trades from the same direction based on its Mathematical Algorithm and increase the overall position.
When a pull-back of the price occurs, Gegatrade Pro closes the whole basket of orders.
It is advised to use Low spread ECN brokers with a starting balance of 3000.
For full description: https://www.mql5.com/en/blogs/post/677491
UseTrailingStop — Enable or Disable the use of trailing
TrailingStart — the points at which trailing will start
TrailingStep — steps to trail in points
TrailingRoom — the points allowed before closing the trailing
Use Support Resistance Long — Use Support and Resistance Levels for Long direction
SR Support Resistance Long Period — The TimeFrame used for Support/Resistance Long direction
Min SR Distance Long — Minimum distance (in pips) between Support/Resistance Levels for Long direction
Start SR Long at Level — The level at which Support and resistance leveling starts for Long direction
Use Support Resistance Short — Use Support and Resistance Levels for Short direction
SR Support Resistance Long Period — The TimeFrame used for Support/Resistance Short direction
Min SR Distance Short — Minimum distance (in pips) between Support/Resistance Levels for Short direction
Start SR Short at Level — The level at which Support and resistance leveling starts for Short direction
EAWorkMode — switch between BacktestMode or LiveMode
DrawingOn — Show Past news on chart
ShowDashboard — Show Statistics on chart
ShowBalance — Show Balance on chart
GMTOffSetOfBroker — The GMT Offset between your broker and GMT time
Trade comment — a comment for trades
MagicNumber — Trades ID
MoneyManagement — FixedLot/UseMM. Use fixed lot to trade or Money management
Start Balance — The balance to use when MoneyManagement is chosen
LotSize — Lot Size
Risk — Percent of the “start balance” to use for trading
TradingDirection — The direction you wish to trade
MaxSpread — Maximum spread to allow trades (recommended 10 points or bellow)
PauseLong — Pause long trades
PauseShort — Pause short trades
MartingalePauseLong — Pause the Martingale for long direction
MartingalePauseShort — Pause the Martingale for Short direction
TakeProfitLong — Take profit for Long trades
TakeProfitShort — Take profit for Short trades
Use_SL — True/False
Stop Loss Long Percent Balance — Stop loss for long direction
Stop Loss Short Percent Balance — Stop loss for Short direction
Short Minimum Distance level 1 till 10 — The minimum distance in pips between levels
Long Minimum Distance level 1 till 10 — The minimum distance in pips between levels
List of symbols for news filter — Currency Symbols to choose for filtering the news Example: USD,EUR,GBP,CHF
Show lines for news in the past — Show old news on chart
Pause Long or Short before an importance News — Each of the 12 pause inputs will pause number of minutes before or after a News Event
PauseAfterLevel — Pause trading after a certain level
PauseLongAtLevel — level to pause at for Long Trades
PauseShortAtLevel — level to pause at for Short Trades
DrawdownInCash — amount that you wish to receive Push Notification when it is reached
SendPushNotificationOnDD — send Push Notification about your DrawDown
SendPopupAlertOnDD — Alert from your MetaTrader 4 about your drawdown
StartTradingInMondayTime — Time to start trading on Mondays
EndTradingInFridayTime — Time to stop trading on Fridays
PauseBasketOnNews — This will pause adding more trades when News event is active
MinBarDistanceLong — minimum bars to allow a long level
MinBarDistanceShort — minimum bars to allow a short level
UseCounterTrades — Use Hedge yes/no
Counter trades (Hedge) lot size calculates as percentage of main lot size.
Example: if initial lot is 0.10 and CTinitial lot is 0.3, then CTinitial lot will open 0.03 lot.
CTInitialTradeLotSize = 0
CTLotSize_1 = CTLotsize corresponds to percentage of each main level, there is 10 Levels to set you can define each CTLotsize with a percentage of the main Level.
Example: Main level 5 = 0.10 lot, CtLotSize_5 = 0.5, then the lot size for countertrade level 5 will be 50% from the main level 5, which is 0.05 Lot Size
StartCounterTradesFromLevel — the level at which CT will start
CounterMagicNumber — a unique number for CT trades
HedgedAveragePricePips — the average pip in profit at which CT + main basket close
UseMAfilterLong — moving average filter for long direction enable/disable
MAperiodLong — moving average period for long direction
MAlevelLong — moving average level to allow Long direction (in points)
MaLongTriggerDirection — above or below the MA to trigger a long trade
MaLongTimeFrame — Timeframe used for MA filter
UseMAfilterShort — moving average filter for short direction enable/disable
MAperiodShort — moving average period for short direction
MAlevelShort — moving average level to allow short direction (in points)
MaShortTriggerDirection — above or below the MA to trigger a short trade
MaShortTimeFrame — Timeframe used for MA filter
In order for the “News WatchDog” Feature to function, you should check box Allow WebRequest and add “http://news1.gegatrade.com” into your WebRequest URL list.