Long term proven Lobster EA By Seller:

Stuff

Description

Target Currency Pairs and Timeframes

The target currency pairs are EURUSD, USDJPY, and XAUUSD.
The timeframe used is 1-hour. This EA includes a compounding function, allowing assets to grow significantly over time. It is designed with a focus on risk management and aims for long-term profitability.

Main Features of the EA

This EA emphasizes risk management and incorporates features to achieve stable and efficient profit generation. Below are its main characteristics:

• No Martingale or Grid Trading:
  This EA avoids risky martingale or grid trading. Every position is assigned an individual stop loss to mitigate excessive risk. This ensures stable trading and prevents large drawdowns in a single trade.
• Compounding Function:
  The EA supports compounding, automatically adjusting trade lot sizes in line with account growth. This enables significant profit potential even from a small starting capital and supports long-term asset growth.
• Breakout Strategy:
  The EA detects market breakouts and enters trades with strict risk management. It employs symmetrical entry logic for both long and short positions, maximizing profit opportunities.

Trade Strategy Overview

This EA is built to detect market breakouts and enter trades based on symmetrical logic for long and short positions. It generates signals using specific indicators.

Logic Overview

• Indicators Used:
  DMI (DI+, DI-), ROC (Rate of Change), ATR (Average True Range).
• Entry Rules:
  The EA analyzes indicator movements over a specified period and enters trades when market volatility increases.
• Exit Rules:
  Positions are closed using trailing stops, automatic closing after a specified number of bars, or when a profit target is reached.

Parameter Settings

Parameters Related to Logic 1

MagicNumber1: Trade identification number for Logic 1.

BBRangePeriod1: Period for Bollinger Bands calculation.

DIPeriod1: Period for DI+ and DI- calculation.

ExitAfterBars1: Maximum number of bars to hold a position.

MTATRPeriod1: ATR indicator calculation period.

MoveSL2BECoef1: Coefficient to move stop loss to breakeven.

PriceEntryMult1: Multiplier to adjust entry point.

ProfitTarget1: Profit target (%).

StopLossCoef1: Coefficient for ATR-based stop loss.

TrailingStopCoef1: Coefficient for ATR-based trailing stop.

Parameters Related to Logic 2

MagicNumber2: Trade identification number for Logic 2.

ROCPeriod1: Calculation period for ROC.

PriceEntryMult2: Multiplier to adjust entry point.

StopLossCoef2: Coefficient for ATR-based stop loss.

TrailingStopCoef2: Coefficient for ATR-based trailing stop.

Capital Management Parameters

• UseMoneyManagement:
  Enables or disables the capital management feature. When enabled, lot sizes are automatically adjusted based on account balance, enhancing risk management and optimizing trade size relative to account fluctuations.
• mmRiskPercent:
  Risk percentage when capital management is enabled. This defines the maximum percentage of account equity to risk per trade.
• mmLotsIfNoMM:
  Fixed lot size to use when capital management is disabled.
• mmMaxLots:
  Maximum lot size the EA can use for a trade, ensuring controlled risk in volatile markets.

Exit Settings for Specific Conditions

• ExitOnFriday:
  Enables or disables the feature to close all positions on Friday to mitigate risks associated with weekend market gaps.
• FridayExitTime:
  Specifies the time (in 24-hour format) on Friday to close positions, protecting account equity from unexpected weekend risks.

Conclusion

This EA targets breakout opportunities in EURUSD, USDJPY, and XAUUSD markets while maintaining strict risk management. With compounding capabilities and flexible risk control settings, it caters to a wide range of traders, from beginners to advanced users. It supports asset growth even with a small starting capital and is designed for long-term profitability by balancing risk and return effectively.