MMD EA 2H350

Automate the Unique MMD 2H350 Setup and its Variations - For MT4 & MT5!

The MMD EA 2H350 is a specialized Expert Advisor for MetaTrader 4 and 5, meticulously designed to automate trading based on the unique MMD "2H350-" setup and its variations. This EA identifies specific time-based price zones, typically formed during early trading sessions (e.g., the first two hours of the London session), and executes trades based on price interaction with the boundaries of these zones. It's built to capitalize on the statistical tendencies observed in the 2H350- pattern, aiming for consistent performance by removing emotional decision-making and ensuring disciplined trade execution.

Automated Trading with the MMD 2H350 Logic

The MMD 2H350 EA operates by first defining a critical price zone based on a user-specified time window (Zone Start Time and Zone End Time). It then monitors price action relative to this zone and can be configured to:

• Trade towards the further edge of the zone (trade_to_further_edge) or the closer edge (trade_to_closer_edge) upon entry, depending on where the price breaks out from the initial range.
• Utilize a "no-trade" buffer in the middle of the zone (Middle Zone No Trade Strefa [points]) to avoid entries in areas of indecision.
• Filter zones by their minimum and maximum range (Min Zone range [points], Max Zone range [points]) to ensure the setup meets specific volatility criteria.

This EA is designed to bring precision and automation to a statistically-backed MMD setup, allowing for consistent application across various instruments and market conditions.

Key Features & Benefits of MMD EA 2H350

• Dedicated 2H350- Automation: Specifically built to trade the MMD 2H350- setup and its variations, focusing on time-defined ranges.
• Precise Zone Definition:
  • Define the critical trading zone using Zone Start Broker Time and Zone End Broker Time.
  • Trading Mode: Choose strategy to trade_to_further_edge or trade_to_closer_edge of the zone.
  • Middle Zone No Trade Strefa [points]: Define a neutral buffer within the zone.
  • Filter zones by Min Zone range [points] and Max Zone range [points].
  • Option to Use BE On Zone Open with a specified BE On Zone Open_Gain to secure trades early.
• Advanced Order Grid System:
  • First Order Mode: Choose between single_first_order, double_first_order, or triple_first_order placement for initial entries at zone boundaries.
  • Define up to 10 grid levels (Position Size 01-10) with individual lot sizes. (Note: This EA uses direct lot sizes per grid level, not multipliers from a base lot, based on lotMultiplier01-10 inputs which are likely intended for future use or direct lot sizing if lotDifference mode was different).
  • Open Shift Mode: Grid levels can be spaced based on fixed Points (Open Shift (Points) 01-10) or as a Range Multiplier (Open Shift (Range multiplier) 01-10) of the defined zone's height.
• Sophisticated Lot Sizing:
  • Lot Size Mode: Choose from Fixed, Lot per Balance, Risk % of Balance, Risk % of Equity, or Risk from a fixed Amount.
  • Relevant parameters for dynamic lot sizing include Resked Percent (Risked Percent), Risked Amount, and Balance For Position [Lot_perBalance].
  • Lot Difference mode: Can be set to same_for_all grid orders or multiplier_for_baseLot (though current inputs suggest direct lot sizing for grid levels).
  • Used Spread: Option to factor in a fixed spread for more precise calculations.
• Comprehensive Trade Exit & Risk Control:
  • Take Profit (TP):
    • TP Mode: Set TP in Points or as a Range Multiplier.
    • Initial TP Reference Level: Base TP on min_max_of_zoneRange, zone_close, or zone_open.
    • Initial TP Shift (Points/Range Multiplier) and Additional Initial TP Shift Point.
    • Move TP: Up to 4 stages (Move TP After Entry Position Nr 1-4) to adjust the TP target (TP Shift After Move in Points/Range Multiplier, plus Additional Move TP Shift Point) as more grid orders are filled.
  • Stop Loss (SL):
    • SL Mode: Set SL in Points or as a Range Multiplier.
    • SL Shift from 01 (Points/Range Multiplier): Defines the stop loss distance from the first order in the grid.
  • Slippage control for order execution.
  • Break Even (BE) Function:
    • Move SL On BE: Enable to move SL to break-even.
    • BE Active (Points): Profit level at which to activate BE.
    • BE Shift From 01 (Points): How many points in profit to set the BE.
  • Safe Profit Function:
    • Use Safe Profit Function: Secure profits when nearing TP.
    • Min Opened Orders To Safe Profit, Max Dist To TP To Active Function, Dist To TP Back To Close Orders.
  • Max Daily Loss: Set a daily loss limit in account currency to protect capital.
• Time-Based Filters:
  • Use Trading Time: Define specific days (Trade On Monday, etc.) and hours (Start Time, End Time) for EA operation.
• Visuals & Interface:
  • Option to Plot Zone on the chart with customizable Zone Color.
  • On-chart button to toggle EA's trading activity (Initial Trading ON sets initial state). Button appearance (Button Font Size) and position (Button start X/Y Distance) are customizable.
• Global & EA Specific Settings:
  • Trading ON on init: Determine if EA starts trading immediately.
  • Broker Server Time (GMT) adjustment (iTimeShiftHours).
  • Unique Magic Number for each EA instance (startingMagicInit).

Automating the MMD 2H350- Strategy

The MMD EA 2H350 is specifically designed to automate the "2H350-" setup, a time-based strategy focusing on ranges formed in specific market sessions (often the first 2 hours of a major session, like London or New York, defined by Zone Start Time and Zone End Time).

This EA empowers traders to consistently apply this MMD concept, removing manual execution errors and emotional biases, while providing robust risk and trade management capabilities.

If you have any questions related to this product, write to the email address: support@magiconcharts.com.

We will be happy to answer your questions promptly.