Quiet Power EA - Comprehensive Guide

🎯 Motto:

"Trade Smart, Trade Quiet – Let the Power of Automation Work for You!"

📌 Overview

The Quiet Power EA is a MetaTrader 4 (MT4) expert advisor designed for automated forex trading. It uses a grid/martingale strategy, opening multiple trades in the direction of the trend while managing risk through dynamic lot sizing.

🔹 Key Features:

Grid/Martingale Strategy – Increases lot size after losing trades.

Flexible Trading Hours – Operates within user-defined time ranges.

Multiple Lot Modes – Supports fixed lot size or multiplier-based lot sizing.

Auto Stop-Loss & Take-Profit – Customizable risk management.

Trade Loop Control – Limits the number of trades to prevent over-trading.

Informative Dashboard – Displays account stats, equity, spread, and rebates.

⚙️ EA Settings & Configuration

1. General Settings

EA_Name: Quiet Power (Identifier for the EA).

TradeAgain: If TRUE, the EA continues trading; if FALSE, it stops after the first cycle.

Loop: Maximum number of trade cycles (e.g., 10000 means the EA will stop after 10,000 trades).

StartTrade & EndTrade: Trading time window (e.g., 0 to 24 means it trades all day).

2. Lot Management

DbLots:

1 → Uses Multiplier Lot (increases lot size after losses).

2 → Uses Fixed Lot (consistent lot size).

Lots: Base lot size (e.g., 0.01).

Multiplier: Lot multiplier for martingale (e.g., 1.6).

MaxLevel: Maximum allowed grid levels (e.g., 20).

3. Risk & Trade Management

SL (Stop-Loss): In pips (set 0 to disable).

TP (Take-Profit): In pips (e.g., 4.0).

Distance: Grid step in pips (e.g., 3.0).

MoneyPerLot: Rebate calculation per lot traded.

4. Technical Settings

MagicNumber: Unique ID (163991) to avoid trade conflicts.

EA_Comment: Trade comment ("quiet power").

📊 How It Works?

Trend Detection: Checks the closing price of the last two candles to determine the trend.

Trade Execution:

If bearish, opens a SELL trade.

If bullish, opens a BUY trade.

Grid Strategy:

If a trade loses, the next trade’s lot size increases based on the multiplier.

Continues until profit is achieved or MaxLevel is reached.

Time-Based Trading: Only trades within the StartTrade to EndTrade window.

⚠️ Important Notes

High Risk: Martingale strategies can lead to significant drawdown.

Recommended Use:

Test in Demo before live trading.

Use on low-spread pairs (EURUSD, GBPUSD).

Monitor performance regularly.

📜 Developer & Source

Developer: R.KH 1001

Source: RoboMQL

🚀 Final Words

The Quiet Power EA is a powerful automated trading tool, but proper risk management is crucial. Always backtest and optimize before live deployment!

Happy Trading! 💹