Grace is an Expert Advisor with the feature of averaging unprofitable trades and pyramiding of profitable positions. Unlike most such experts, the potential loss can be limited by placing a stop loss. It is possible to use 8 built-in strategies in the EA algorithm. The distance between the averaging orders is dynamic and depends on the current volatility of the market. The logic of the first and subsequent orders may differ. This creates the "flexibility" during trading and the EA can be optimized virtually for any currency pair and any timeframe. The basic settings are designed for trading the EURUSD pair with the period M5. As the market movements constantly change, it is reasonable to periodically optimize the EA settings.

The EA can work on several instruments simultaneously (using different magic numbers), however, if the free margin level goes below 70% of equity, new orders will not be opened.

External variables description:

Money management settings

• "Start Lot" - initial starting lot.
• "Lot exponent" - lot increase for the next order in the position.
• "Max Orders" - maximum number of orders of a position.
• "Min.order step" - the minimal distance to an averaging order in points.
• "Take Profit" - target profit in points. When several orders are open, the value is recalculated based on the breakeven level. If set to "0" no take profit is used.
• "Stop Loss" - stop Loss in points. When several orders are open, the value is recalculated based on the breakeven level. If set to "0", stop loss is not placed.
• "Profit for closing series in currency" - a position of three or more orders will be closed once the specified total profit in the deposit currency is reached. The parameter is disabled at zero value.
• "Point for start traling" - number of points to start trailing the position. The trailing is disabled at zero value.
• "Traling Step in point" - trailing step in points.
• "Deposit to start increasing lots" - the deposit size, upon reaching which the initial lot will gradually increase proportionally.
• "Magic" - magic number of the orders.

First Entry Setting

• "First order open strategy (1-8)" - selection of strategy for the first entry. First 4 strategies use different combinations of the EMA signal values with additional filtering. The 5 strategy is based on the CCI signals, the 6 strategy is based on the DeMarker signal, the 7 strategy is based on the WPR indicator signals, the 8 strategy is based on the non-standard indicator built into the EA.
• "first indicator period" - period of the first indicator, used by the strategy.
• "second indicator period"- period of the second indicator, used by the strategy.
• "advance period (only for strategy №3)" - period of the additional indicator, used by the strategies №3 and №4. This parameter does not affect anything when other strategies are selected.
• "indicator first level" - signal level of the indicators (DeMarker, WPR).
• "indicator second level" - signal level of the indicators (CCI, StandartDeviation).

Subsequent Entry Settings

• "Next orders open strategy (1-8)" - selection of strategy for opening subsequent orders. First 4 strategies use different combinations of the EMA signal values with additional filtering. The 5 strategy is based on the CCI signals, the 6 strategy is based on the DeMarker signal, the 7 strategy is based on the WPR indicator signals, the 8 strategy is based on the non-standard indicator built into the EA.
• "Next orders first indicator period" - period of the first indicator, used by the strategy.
• "Next orders second indicator period"- period of the second indicator, used by the strategy.
• "Next orders advance period (only for strategy №3)" - period of the additional indicator, used by the strategies №3 and №4. This parameter does not affect anything when other strategies are selected.
• "Next orders indicator first level" - signal level of the indicators (DeMarker, WPR).
• "Next orders indicator second level" - signal level of the indicators (CCI, StandartDeviation).
• "Trade diapazon multiplier" - trading range correction factor.