Averaging EA 3.0

Metatrader (MT4) Expert Advisor

"Living at risk is jumping off the cliff and building your wings on the way down."
- Ray Bradbury
Averaging is a risky recovery strategy based on increasing the market exposure of a deal at fixed price intervals looking for a profitable exit point.
  • Recover your trades easily
  • Fully configurable input parameters
  • Averaging is timeframe independent
  • Works for ECN/Non-ECN brokers and 2-3-4-5 digits
  • Takes random trades in backtest
  • Supports bidirectional trading
Using the PZ Averaging EA is fairly simple:
  • Load the EA to the chart
  • Select amount of trades, spacing and initial lotsize
  • Select maximum drawdown from the EA inputs
  • Take the initial trade manually
  • Let the EA take care of the rest
Boost your trading returns at no cost with a fantastic averaging expert advisor available, like hundreds of users have already done!

Screenshots

Settings and Input Parameters

When loading the expert to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks. Each functional parameter is explained below.

First Trade Settings
This group of settings applies only for your first manual trade. You can choose initial lotsize, break-even in pips, trailing stop as percentage of the trade profit, trailing step in pips and take-profit for the trade.
Averaging Settings
The averaging settings control the recovery process once a trade has gone against you. You can customize amount of trades, spacing in pips between trades and profit target for the recovery process.
Money Management
In this settings block you can customize the stoploss based in equity for the deal and lotsize related issues. Since the first trade is always taken manually, the lotsize allocation only affects during backtest.
Colors and Sizes
The EA outputs visual information on the chart, like the average buy and sell price, the next order in the averaging process and the exit point for each deal. You can choose colors and sizes for all of them.
EA Settings
You can select the magic number for the trades, custom comment and manual pip value if you need to override the one the default one. Do not change these unless you know what you are doing.
Frequently Asked Questions
Is the EA NFA/FIFO Compliant?
Do I need a VPS to run the EA?
Can I buy and sell at the same time?
Can I use pending orders to enter the market?
Can I interfere with the trades of the EA?
Will this EA interfere with other EAs running in my account?
Can I set my own take-profit and stop-loss when I enter the market?