"Developing Strength" Expert Advisor - Comprehensive Guide

"Build Your Trading Power – Smart Strategies for Strong Results!"

1. Overview

The "Developing Strength" EA is a MetaTrader 4 (MT4) Expert Advisor developed by R.KH 1001. It is designed for forex trading and incorporates moving average (MA) signals, spread filtering, and time-based trading sessions to optimize trade execution.

This EA focuses on breakout strategies with risk management, using pending orders (BuyStop/SellStop) to enter trades when price movements meet specific conditions.

2. Key Features

✔ Moving Average (MA) Signals – Uses MA crossovers for trade direction.

✔ Spread & Commission Control – Avoids trading during high spreads.

✔ Time-Based Filter – Trades only during specified hours.

✔ Money Management (MM) – Adjusts lot sizes based on account balance or fixed lots.

✔ Stop Loss Protection – Minimizes losses with predefined stop levels.

✔ Visual Indicators – Displays spread, countdown timer, and Fibonacci levels.

3. Input Parameters & Settings

Trade Execution & Risk Management

MagicNumber – Unique EA identifier (default: 1).

StopLoss – Stop loss in pips (default: 25).

UseMM – Enables money management (default: TRUE).

Risk (%) – Risk per trade if UseMM=TRUE (default: 60%).

FixedLots – Fixed lot size if UseMM=FALSE (default: 0.1).

Moving Average (MA) Settings

MAPeriod – MA period (default: 3).

MAMethod – MA calculation method (default: 3 = Exponential).

Spread & Filtering

MaxSpreadPlusCommission – Maximum allowed spread (default: 10000 = 10 pips).

Filter – Minimum price movement for trade activation (default: 10 pips).

Time Filter

StartHour/StartMinute – Trading session start time (default: 00:00).

EndHour/EndMinute – Trading session end time (default: 23:59).

Pending Order Settings

Limit – Distance for BuyStop/SellStop orders (default: 20 pips).

Distance – Stop loss adjustment (default: 21 pips).

4. How It Works

Signal Generation – The EA checks MA crossovers and price volatility (Filter).

Spread Filter – Avoids trading if the spread exceeds MaxSpreadPlusCommission.

Time Filter – Only trades within the specified session (StartHour to EndHour).

Pending Orders – Places BuyStop/SellStop orders when conditions are met.

Money Management – Adjusts lot sizes based on account balance (Risk) or uses fixed lots.

Stop Loss & Trailing Stop – Protects trades with dynamic stop levels.

5. Recommended Settings

ParameterRecommended Value

MAPeriod3-5 (Short-term MA)

MAMethod3 (Exponential MA)

StopLoss25-50 pips

Risk (%)30-60%

MaxSpreadPlusCommission≤ 10 pips

Time FilterActive Session Hours

6. Important Notes

⚠ Works Best in Trending Markets – Avoid ranging conditions.

⚠ Adjust Risk Carefully – High-risk settings (Risk=60%) can lead to significant drawdowns.

⚠ Backtest First – Optimize parameters before live trading.

⚠ Monitor Spreads – High spreads may prevent trade execution.

7. Developer & Source

Developer: R.KH 1001

Official Website: https://www.robomql.com

"Trade with Precision, Grow with Strength!" 🚀