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Free Expert Advisor

Amazon Free MT4 EA

Amazon EA Best Free Expert Advisor. (BUY Stop Sell Stop EA)

Its basic design is to use MA to determine market conditions and bracket the current price with a STOP and LIMIT to profit in that direction. You may now select/change the capability of Amazon EA to place just a BUY trade or a SELL trade instead of STOP and LIMIT trades to start its trading routine. If the direction is long, BUYS are used to take profits. If the trend reverses, BUY LIMITS are hit and profits taken on the reversal. If the direction is short, SELLS are used to take profits. If the trend reverses, SELL LIMITS are hit and profits taken on the reversal.

You now have the capability to reverse the grid. Instead of place a BUY STOP/LIMIT if the market is long, you can force Amazon EA to place a SELL STOP/LIMIT. This reverse feature is user selectable via the menu set item. Once the direction is determined and trading is started, Amazon EA uses LIMIT trading to add to the basket of trades. Amazon EA starts placing trades by bracketing the current price with STOP/LIMIT trades in a proprietary fashion. This proprietary fashion using the Mathmetical function sets the STOP/LIMIT trades around the current price at distance of approximately ½ the pips defined by the first grid value, 25 in this case. A user has the ability to adjust the feature of Amazon EA using the Entry Offset parameter.

Once either the STOP or LIMIT is hit creating the first trade, subsequent trades are placed a fixed distance of 25 pips either side of the current price. Each LIMIT trade added is placed 25 pips above/below the last trade. The 25 pip amount is used until 4 open trades are out. If the user selectable feature of Amazon EA Traditional is set to false, then the grid is started using a BUY or SELL. The Entry Offset has no effect if this feature is used. The fifth trade (LIMIT trade) is placed 50 pips above/below the fourth outstanding trade. This 50 pip amount is used until 8 total trades are open. The ninth trade (LIMIT trade) is placed 100 pips above/below the 8th trade. This 100 pip amount is used for all remaining trades placed.

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For this strategy, each LIMIT trade added is called a “level”. The number of trades at the 25 pip difference is user selectable and the number of trades at the 50 pip difference is user selectable. Remaining trades (9th level and beyond) placed at the 100 pip range is user selectable also. 25/50/100 remains Amazon EA’s set grid but the grid can be squished or auto calculated without changing individual numbers listed in the menu. The Take Profit values are just double the grid values. 50/100/200 pips are the Take Profits that are coded into Amazon EA and can be modified via the menu. All these values are placed in an array defined by the user. The array is a uniquely new feature to Amazon EA and can be manipulated in any way by the user.

Amazon Free MT4 EA

Major Features

  • Works on multiple pairs
  • Multiple Entry Control Features (432 entry types)
  • BUY/SELL trade entries or STOP/LIMIT trade entries
  • Grid Trading Strategy with many control features
  • Shut Down feature, stops trading after basket close
  • Emergency Close All Feature
  • Holiday Shut Down Feature
  • Order Management/Checking Conditions
  • Grid Array Generation based on user input
  • Take Profit Trader
  • Stealth TP trader – no TP sent to broker
  • Stealth SL feature – no SL sent to broker
  • Profit Trailing Stop Feature for extra profit
  • Close old trades feature, draw down reducer
  • Exit trades early feature
  • Current or Correlated pair Hedging capabilities
  • Recoup loss function
  • Recoup broker commission and swap function
  • Additional trades added to “basket” incrementally
  • Power Out Stop Loss Features – SL is sent to broker
  • Portion control feature
  • Manual account type selection
  • Stop Trade Balance Protection
  • Equity Stop Loss Protection
  • Automatic broker decimal selection
  • Chart overlays to monitor trades and account
  • Manual or automatic money management features
  • Broker spreads are not an issue
  • Manual or Automatic trade magic number selection
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Download “Amazon EA” Amazon-EA.rar – Downloaded 64 times – 455 KB

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