A cost-averaging strategy

Trading strategy

Gegatrade EA is based on the fact that most of the time the price usually moves between the upper and lower boundaries of the trading channel.

Basing on this fact, Gegatrade EA places its first trade randomly when it starts, assuming that the price is going to return to its average value and take the profit which is defined.

If the price leaves the trading channel and continues further in this direction, then Gegatrade starts its “cost-averaging strategy” which will add new trades from the same direction based on its Mathematical Algorithm and increase the overall position.

When a pull-back of the price occurs, Gegatrade EA closes the whole basket of orders.

Gegatrade EA uses no Indicators but a Sophisticated Mathematical Algorithm.

Parameters

• MagicNumber — Trades ID
• Order comment — A comment to trades.
• TradingDirection — The direction you wish to trade Long or Short or Both.
• MaxSpread — Maximum spread to allow trades.
• Lot size — Lot size.
• TakeProfitLong — This is the Take profit for Long trades (Hidden from broker)
• TakeProfitShort — This is the Take profit for Short trades (Hidden from broker)
• Use_SL — True/False, Activates or Deactivates Stop Loss.
  Stop by money Long — Stop loss for long trade/total trades in money
  Stop by money short — Stop loss for short trades/total trades in money
• TimeFilter — True/False, this option allows trading only during the hours set bellow if set to True.
• TradeFriday — True/False, this option Suspend trading on Fridays.
• HourStart — The hour to start trading (Broker time)
• HourStart — The minute to start trading (Broker time)
• HourStop — The hour to stop trading (Broker time)
• MinuteStop — The minute to stop trading (Broker time)
• MinuteStop — The minute to stop trading (Broker time)
  

Recommendations

Timeframe - 5 Minutes Chart

Currency - EURUSD

You are free to test other Currencies with low spread.

Default settings are optimal for EURUSD

It is advised to stop the EA during Critical News Event.

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