The Evolution of Power EA - Comprehensive Guide

🎯 Motto:

"Adaptive. Intelligent. Powerful – Trade Smarter with Every Market Shift!"

📌 Overview

The Evolution of Power is a grid-based MetaTrader 4 (MT4) expert advisor that uses moving average (MA) signals to enter trades while managing risk through dynamic position averaging and adaptive stop-loss adjustments.

🔹 Key Features:

✅ Grid Strategy – Adds positions at predefined intervals (PipStep) to average entry prices.

✅ MA-Based Signals – Uses SMA (Simple Moving Average) to determine trade direction.

✅ Adaptive Risk Control – Adjusts stop-loss based on open positions to limit drawdown.

✅ Trailing Stop – Locks in profits as trades move favorably.

✅ Friday Trading Control – Option to avoid trading on Fridays.

⚙️ EA Settings & Configuration

1. Moving Average (MA) Settings

MA_length: Period for the SMA (10).

MA_timeframe: Timeframe for the SMA (30 = M30).

MAtype:

0 → Uses Close Price for MA calculation.

1 → Uses High/Low Price for MA calculation.

Percent: Percentage threshold for MA confirmation (0.1%).

2. Trade Execution & Risk Management

Lots: Fixed trade size (0.01).

TakeProfit: TP in pips (100).

Stoploss: Max allowed loss per trade (1000 pips).

PipStep: Distance (pips) between grid entries (30).

IncreasementType:

0 → Fixed PipStep.

0 → Dynamic step based on OrdersTotal()^x * PipStep.

3. Advanced Controls

TradeOnFriday: 1 = trades on Friday, 0 = avoids Friday trades.

TrailingStop: Trailing stop distance (5 pips).

MagicNumber: Unique trade identifier (1001).

📊 How It Works?

Signal Generation:

Buy Signal: When price crosses below MA - (MA * Percent%).

Sell Signal: When price crosses above MA + (MA * Percent%).

Grid Entry:

Opens new trades at every PipStep interval if the market moves against the initial position.

Averaging & Stop-Loss Adjustment:

Calculates average entry price for all open trades.

Adjusts stop-loss based on total exposure.

Trailing Stop:

Activates after trades move favorably by TrailingStop pips.

⚠️ Important Notes

Risk Warning:

Grid strategies can lead to large drawdowns if not managed properly.

Always test in Demo before live trading.

Recommended Pairs: Works best on EUR/USD, GBP/CHF, USD/CAD (adjust PipStep accordingly).

Avoid High Volatility Pairs: May cause excessive slippage.

📜 Developer & Source

Developer: R.KH 1001

Source: RoboMQL

🚀 Final Words

The Evolution of Power EA is designed for traders who prefer adaptive grid strategies with moving average confirmations. Proper risk management and optimization are crucial for long-term success.

Trade Wisely & Profit Consistently! 💰