Calm Pilot EA - Expert Advisor for MetaTrader 4

Overview

Calm Pilot is an advanced Expert Advisor (EA) designed for MetaTrader 4 (MT4) that uses a Fibonacci-based grid trading strategy to capitalize on market trends and reversals. This EA combines martingale-like lot sizing with Fibonacci retracement levels to identify high-probability trade entries and exits.

Key Features

✅ Grid Trading Strategy – Opens multiple trades at different price levels to maximize profit potential.

✅ Fibonacci-Based Entries – Uses Fibonacci retracement levels to determine optimal buy/sell zones.

✅ Martingale-like Lot Sizing – Increases position sizes after losses to recover drawdowns.

✅ Risk Management – Includes Stop Loss (SL), Take Profit (TP), and daily profit/loss limits.

✅ Time-Based Trading – Can restrict trading to specific hours (e.g., night trading).

✅ Multi-Timeframe Analysis – Works across different timeframes (M15, H1, H4, etc.).

How It Works

The EA works by:

Identifying Highs & Lows – Uses Fibonacci retracement levels to detect potential reversal zones.

Placing Buy & Sell Orders – Enters trades when price reaches key Fibonacci levels (23.6%, 38.2%, 50%, etc.).

Managing Trades – Uses a PipStep parameter to control the distance between grid orders.

Auto-Closing Trades – Takes profit or cuts losses based on predefined settings.

EA Settings & Parameters

Trade Settings

ParameterDescriptionDefault Value

FixedLotsBase lot size for trades0.01

LotsExponentMultiplier for increasing lot sizes after losses1.44

UseTakeProfitEnable/disable Take Profittrue

TakeProfitTP in pips100

UseStopLossEnable/disable Stop Lossfalse

StopLossSL in pips500

PipstepDistance between grid orders (pips)120

MagicNumberUnique EA identifier2019

Time Restrictions

ParameterDescriptionDefault Value

limit_timeEnable trading time restrictionsfalse

fromStart hour (local time)22 (10 PM)

toEnd hour (local time)6 (6 AM)

Fibonacci Settings

ParameterDescriptionDefault Value

fibo_buyFibonacci level for buy signals0 (23.6%)

fibo_sellFibonacci level for sell signals0 (23.6%)

periodForFiboTimeframe for Fibonacci calculationsHour_1 (H1)

Daily Limits

ParameterDescriptionDefault Value

dailyProfitMax profit per day (0 = no limit)0

dailyLossMax loss per day (0 = no limit)0

How to Use This EA

Attach to Chart – Load the EA on an MT4 chart (preferably H1 or H4 for best results).

Configure Settings – Adjust lot size, risk, and time restrictions as needed.

Enable Auto-Trading – Ensure "AutoTrading" is enabled in MT4.

Monitor Performance – Check trades and adjust parameters if necessary.

Recommended Pairs & Timeframes

Best Pairs: EURUSD, GBPUSD, USDJPY (low spreads).

Best Timeframes: H1, H4 (for stable trends).

EA Philosophy

🔹 "Trade with the trend, recover with the grid, and let Fibonacci guide your way!"

This EA is designed for patient traders who understand that drawdowns are part of the strategy, but the system is built to recover and profit in the long run.

Optimization Tips

Test on a Demo Account First – Ensure the strategy fits your risk tolerance.

Adjust PipStep – A larger PipStep reduces risk but requires bigger moves.

Modify Lot Sizing – Reduce LotsExponent if drawdowns are too aggressive.

Use Stop Loss – Enable SL if you prefer controlled risk over martingale recovery.

Final Notes

This EA is not a "set-and-forget" system—monitor it regularly and adjust settings based on market conditions.

🚀 Happy Trading! 🚀