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LiteWave EA is a M1 / M5 Timeframe EURUSD or H4 Daily Martingale Scalper that selects intelligently when to enter the market and when to exit if things go wrong.
The Forex Expert Advisor creates an initial order when MA and Pattern conditions appear and creates extra Martingales order with a lot factor of your choice to exit when a certain averaged Take Profit is reached.
LiteWave EA is simple but very effective.
Do not hesitate to download Demo and try.
As I say works best on M5 and M1 EURUSD chart.
Minimum deposit is 10 to 300$ (depending on the settings) for Micro Account and around 500 to 10.000$ for Standard Account.
LiteWave EA works fine with any kind of Spread and Commissions.
Best on STP Broker.
Works on VPS best, for faster execution of Trades. A bit of Slippage is ok.
DEFAULT SET IS FOR MICRO OR CENT ACCOUNT EURUSD M1: WHICH IS BETTER FOR MARTINGALE STRATEGIES
Other symbols and standard accounts are accepted. Specially recommended low Spread Currencies.
LiteWave EA – Parameters
- Activate Trading : If true it continues trading. If false you can deactivate trading temporarily.
- Martingale Factor : The Multiply Factor for the Martingale Succession of orders.
- Min SPace Between Trades : Minimal distance in pips between Martingale Trades.
- Fixed Lots : Use starting fixed lot of X
- Turn MM on : Use risk for calculating orders.
- Risk: 0.01 to 1 (Depending of Settings). 1.0 risk Starts with 0.01 lots per 15$. Adjust according to that
- Take Profit : Minimal value in pips for taking averaged Profit (70 = 7.0 Pips)
- Magic Number: The Magic Number you choose for your EA.
- Max Simultaneous Trades: Max number of Martingaled Trades, I recommend a max of 5 to 7 depending on rest of settings.
- START AND END TIME : Time of the day to trade
Download Free LiteWave EA
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