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Yes, it is actually the same as Thunderbird EA.

For martingale based EAs like Thunderbird, better to use a Cent account than a standard account. More room for error to avoid margin call. And it is highly advisable to avoid any GBP pairs till the Brexit saga is over. May the pips be with you. ;)

For Martingale EAs, here are some personal tips to manage risk: 1) Open multiple small trading accounts to trade different pairs (Preferably cent accounts) 2) For more volatile pairs (like GBP and JPY pairs), use bigger grid size and smaller lot size 3) Withdraw your profits regularly. In other...

What back test results and set files you guys want?? This is a risk management EA, not a trading robot! :ROFLMAO:

It is performing well, but must use it on a Cent Account using 0.1 initial lot size and Fib Lot for Martingale Lot. For more volatile pairs like GBP and JPY, use a larger grid step and smaller multiplier. May the pips be with you! ;)

Good EA. Making money slow but steady! Ok hand

Have to withdraw profits regularly before margin call occurs. Treat it as a "dividend stock" rather than a "growth stock". If DD reaches >30%, I will just cut loss. ;)

Thanks for sharing. Will test it out. ;)

Here is a tool that I find it useful for gauging the general volatility of any currency pairs: https://www.investing.com/tools/forex-volatility-calculator

Mine has expired... :( Any cracked unexpired versions? :ROFLMAO:

Yes, for Grid+Martingale based EAs I am choosy in the currency pairs to trade. I believe a lot of traders out there blown their accounts because they did not factor in the risk correlation of the pairs they are trading. For broader risk management, I am using Hidden Stoploss EA which I've...

Some market movements do not come announced (eg the recent JPY flash crash, Donald Trump making surprise market-shocking announcements etc) so I manage such unforeseen risk by choosing pairs with similar "risk correlation". Pairs like AUDNZD are less sensitive to these awe-and-shock events...

What I like about this EA is that it has hedging mechanism built in once your floating losses reaches a certain level. For example, if it is executing all the buy trades, it will also start to execute sell trades to stabilize your floating losses. I love this EA so far. Ok hand To reduce risk, I...

The downside of this grid+martingale EA is that there is no hedging mechanism built in. So I only use it to trade pairs that are both "risk currencies". Eg. EURGBP, AUDNZD, EURCAD etc... No USD or JPY pairs. Surviving well so far and averaging about $40 ROI a day on my live account. And with...

Yes. It tracks your risk level to activate stop loss on all running trades once the level you set has been hit.

Hi guys, If you are concerned about all the Grid+martingale EAs out there blowing up your live accounts in the event of some freak incidents (eg like the recent JPY flash crash), you can consider attaching this EA on a separate chart to manage risk. There are a few options there to do so. For...

I'm testing on a demo account this week. DD is quite steep - twice as much as closed profits at any one time.

MT5 seems to have more features than MT4 but for EA traders like myself, MT4 is good enough. ;)

Looks like typical grid-martingale EAs. Shall test it out and see. Thanks for sharing.

Interesting EA. Thanks for sharing! Never try arbitrage trading before.