Trade Worker

Trade Worker

Trade Worker is designed to make your trading performance consistent and profitable. At the heart of this Expert Advisor is a Linear Regression oscillator providing signals for entries and reversal points for exits. The risk is handled by a DCA mechanism that adds positions until price reverses enough to turn the trade into profit. Such a mechanism provides profitable trades the vast majority of the times but in some cases can also cause heavy drawdown in equity and balance.

This Expert Advisor has proven effective on EURUSD and can be configured also for other symbols. In any case you need to disregard the default inputs and do your own testing in the MetaTrader Terminal to find optimal configuration set.

Here are the settings you can change in Trade Worker.

Trade Management

• Trading Capital (units)
  Fixed capital allocated for trading.
  
• Size (% of Trading Capital)
  Percent of trading capital used to open positions.
  
• Linear Regression Length
  Back bars used to calculate Linear Regression. Adjust this value basing on instrument, timeframe and type of trading you are conducting. Shorter periods are more suited for intraday trading, while longer periods can be used for swing trading
  

Risk Management

• Max Raising
  A raise is a position added to the first position (main) when the trade is in drawdown. Sizing of each raise is increased by a small percent as per DCA mechanism. The value in this parameter is the maximum number of raises allowed in DCA.
• Min. Raise Gap (% of price)
  
  Minimum distance between raises expressed as price percent.
  

Other Settings

• Show elements on chart
  Enable appereance of trend and reversal points on chart.
  
• Magic Number
  A number of your choice useful to identify trades between different EAs.

For any inquiry please use the internal chat channel https://www.mql5.com/en/channels/mcsportplus