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Averaging EA 13.0

Metatrader Expert Advisor (MT4/MT5) (Formerly known as Safety Net FIFO EA)

  • Overview

    This EA turns your losing trades into winners using averaging. Once your initial trade moves into negative territory, the recovery mechanism will kick in and place consecutive market orders in the same direction at fixed price intervals, all of which will be closed with a combined profit or approximately breakeven. This mechanism is compatible with NFA/FIFO rules and accepted by US Brokers.

    • Easy to use and supervise
    • Trade easily using chart buttons
    • Fully customizable position management
    • Controlled and pre-calculated risk exposure
    • Implements many automated entry strategies
    • Can trade using custom indicators
    • Trades micro accounts from $1,000
    • Filter trading by forex sessions

    The initial trade it is managed independently to avoid performing a recovery at all.

    • First, the EA tries to perform break-even to assure capital preservation.
    • Secondly, the EA applies a configurable trailing stop and take profit.
    • If the trade goes straight into negative, the EA performs a recovery.

    The averaging process is fully customizable, spacing and lot-sizes can be increased from one block of trades to the next.

    How to get started

    1. Load the EA to any chart and timeframe
    2. Edit the settings until the risk is acceptable
    3. Trade using the chart buttons or enable an entry strategy
    4. Let the EA handle the trade and book a profit
    5. Repeat!

    The recovery will succeed in most cases and fail in a minority of cases. A strong trend against your trade will cause the EA to take losses.

    Usage Tips

    • Load the EA and trade using the chart buttons
    • Don't trade any other EA in the same symbol
    • Take only one initial trade per symbol -never two or more-
    • If the buy/sell buttons are not displayed, it means the EA is busy
    • The EA can trade many symbols independently at the same time
    • But be careful: never, ever, load the EA twice on the same symbol
    • There is no need to set a different Magic Number to trade different symbols
    • Trade from a VPS or leave your trading computer turned on 24/5
    • Try to never unload the EA to assure the atomicity of the process
    • Great to trade overbought or oversold situations
    • Avoid trading against the trend

    The purpose of this EA is not to be profitable by itself, but to avoid preventable losses within the limits of the account free margin.

    Technical Information

    • The automated entries of the EA are evaluated at bar closing
    • The EA uses market orders, variable spreads and news should not be an issue
    • The EA won't trade live if there is risk of a margin call with current settings
    • However, the EA will trade in the tester with any settings, regardless of risk
    • The take-profit for the first trade is evaluated in stealth mode, no TP order is placed
    • The EA trades a manual lot size: the tester won't reflect compounding profits
    • The session filters are implemented in GMT time and only apply to automated entries
    • Trades have no individual SL or TP because they are managed as a basket (a single deal)
    • During a recovery, the EA can have many trades opened at the same time in the same direction

    This EA offers a complete hassle-free trading framework. Once configured, it allows simple trading from the chart buttons: buy and sell. The EA will draw the chart buttons when it is ready to manage trades and hide them when it is busy, to avoid human errors.

  • Input parameters
    Input parameters

    When loading the indicator or EA 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.

    Lotsize for first trade
    This parameter controls the size of the initial trade. A smaller lotsize decreases the net exposure of the deal.
    Break-even in pips
    This parameter controls at which profit in pips the EA moves the stop-loss above/below the open price securing profits. This parameter only affects the first trade, not during the recovery process.
    Break-even Behavior
    Upon break-even, the EA can secure half the profits of the trade or move the SL to the open price, as you wish. If you want to let profits run and maximize the first trade, choose the latter.
    Trailing Stop
    Percentage of the max. favorable excursion (MFE) used as trailing-stop. A small value is a tight stop, and a big value is a wide stop. This parameter only affects the first trade, not during the recovery process.
    Trailing Step in pips
    Minimum increase in pips for the trailing stop value and, at the same time, the minimum distance from the new stoploss and the current market price. This parameter only affects the first trade, not during the recovery process.
    Take Profit in pips
    Steath take-profit for the first trade. Not used during the recovery process.
    Entry Strategy
    The EA implements a set of automated entry strategies to provide some degree of automation. Not all entry strategies will greatly perform in all market conditions, but you can switch between them as you see fit. Options are: CCI, ADX, RSI, Bollinger Bands, AC, AO, Alligator, MACD, PSAR, RVI, Stochastic, Heiken Ashi, Turtle Trading, Breakouts, Buy Constantly and Sell Constantly.
    Custom Indicator Name
    If you choose to trade using your own custom indicator, type the indicator name in this parameter. The EA will call it via iCustom() internally. For more information about this, read the user guide.
    Custom Indicator Signal Buffer
    If you choose to trade using your own custom indicator, type the signal buffer number in this parameter. The EA will call it via iCustom() internally. For more information about this, read the user guide.
    Trade Assian Session
    If enabled, the EA will start trades during the Assian Session.
    Trade European Session
    If enabled, the EA will start trades during the European Session.
    Trade American Session
    If enabled, the EA will start trades during the American Session.
    Blocks of Trades
    Amount of blocks of trades to place during the recovery process. When a trade block ends, the lot size and spacing are incremented using the multipliers specified below.
    Trades per Block
    Amount of trades for each block. Each trade is separated from each other using the Spacing.
    Spacing
    Distance in pips between trades of the same block.
    Profit Target in Pips
    Profit target in pips for the recovery process. When the target is met, all trades are closed at the same time, at a net profit.
    Lotsize Multiplier
    Lotsize multiplier from one block to another block.
    Spacing Multiplier
    Spacing multiplier from one block to another block.
    Magic Number
    The magic number allows the EA to identify its own trades when reloaded or the platform restarts. As a rule of thumb, never change it.
    Custom Comment
    Enter your custom comment for all trades here.
  • ? FAQ
    Is the EA NFA/FIFO Compliant?
    Yes, it is. It can be traded with US Brokers.
    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?
    No, you can't, because it would be compliant with NFA/FIFO rules.
    Can I use pending orders to enter the market?
    Yes, you can. Once one of them becomes a market order, the EA will start working.
    Can I place two pending orders in opposite directions to enter the market?
    Yes, you can. Once the first one is triggered, the EA will delete the other/s.
    Can I interfere with the trades of the EA?
    It is not recommended. It is best to leave the EA do its job.
    Will this EA interfere with other EAs running in my account?
    No, it will manage only manually started trades.
    Is the EA fully automatic?
    This EA is not designed for fully automated trading, although it implements a few automated entries which you can enable or disable at will.
    Can I set my own take-profit and stop-loss when I enter the market?
    No, you can't. Please trade without stoploss or takeprofit. The EA will handle those for you.
  • Comments

    Keep comments tidy and respectful. Avoid spam, offensive remarks, self-promotion and posting personal or payment information. The comment section is for discussion and questions only. Please note that we'll never solicit payments in the comments section.

Screenshots

Averaging EA EA for Metatrader
Averaging EA EA for Metatrader
Averaging EA EA for Metatrader
Averaging EA EA for Metatrader
Averaging EA EA for Metatrader
Averaging EA EA for Metatrader
Averaging EA EA for Metatrader

Videos

Watch it in action