Averaging EA 5.0
Metatrader (MT4) Expert Advisor
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!
- ≡ Input parameters
When loading the indicator 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.
- 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.
- ? FAQ
- Is the EA NFA/FIFO Compliant?
- If you don't take bidirectional trades, your trading will be NFA/FIFO compliant. If you do, you will incurr in hedging and it won't.
- Do I need a VPS to run the EA?
- Yes, it is imperative that you do. The EA must be connected 24/5.
- Can I buy and sell at the same time?
- Yes, you can. The EA can average down in both directions.
- Can I use pending orders to enter the market?
- Yes, you can. Make sure to delete other trades when one is launched.
- Can I interfere with the trades of the EA?
- Please don't. Let the EA do its job.
- Will this EA interfere with other EAs running in my account?
- Yes, it will! It will manage trades with a Magic Number of zero, which ar manually placed trades.
- Can I set my own take-profit and stop-loss when I enter the market?
- The EA allows you to enter a take-profit level, but not a stoploss. The stoploss is expressed in floating point drawdown in inputs.