EA super extrimv

PLATFORM & SOFTWARE TYPE
🖥️ PLATFORM: MT4 • SOFTWARE TYPE: EA
EA super extrimv empowers systematic trend following with adaptable ZigZag-based entries.

🚀 INTRODUCTION
The EA super extrimv is an Expert Advisor designed for MT4, providing an automated trading framework based on dynamic market extremum detection. It integrates a series of trade management features, including adaptive position sizing, stop-loss adjustments, and a unique profit protection mechanism, all aimed at systematic trade execution.

📈 HOW IT WORKS
The EA super extrimv utilizes the ZigZag indicator to identify potential market turning points. When the ZigZag indicator registers a high, the EA interprets this as a signal for a potential selling opportunity. Conversely, a ZigZag low is identified as a signal for a potential buying opportunity. Upon signal confirmation, the EA initiates a trade with predefined Take Profit and Initial Stop Loss levels.

A key feature is its dynamic position management. If multiple trades are open, the EA can scale the lot size of subsequent orders in the same direction using a configurable multiplier. This strategy aims to leverage market movements when multiple positions are active. Furthermore, the EA incorporates a sophisticated profit protection system: once a specified number of orders are active and the collective floating profit reaches a configurable threshold relative to the account equity or base lot size, the EA will close the most recent order to secure a portion of the accumulated gains. It also employs a trailing stop mechanism to lock in favorable price movements on individual positions.

🎯 BEST FOR
Traders who seek a structured, rule-based approach to market extremum trading. It is suitable for those comfortable with dynamic position scaling strategies and who value automated profit protection mechanisms.

💱 RECOMMENDED PAIRS & TIMEFRAMES
The underlying ZigZag logic is adaptable across various currency pairs and timeframes. Optimal settings for `ExtDepth`, `ExtDeviation`, `ExtBackstep`, and `Urgency` should be determined through thorough backtesting for each specific instrument and timeframe.

⚙️ SETTINGS AND PARAMETERS
* TakeProfit (Points): Defines the target profit distance in points for new orders.
* InitialStop (Points): Sets the initial stop loss distance in points for new orders.
* TrailingStop (Points): Activates a trailing stop to adjust stop loss as price moves favorably. Set to 0 to disable.
* Lots: Specifies the fixed lot size for trades when money management is disabled.
* Money_management: Enables or disables dynamic lot sizing based on account equity and risk percentage.
* risk: When Money_management is active, this percentage of account equity determines lot size.
* MaxTrades: Limits the maximum number of simultaneous open trades.
* Multiplier: Controls the lot size increase for subsequent orders when multiple positions are open.
* OrderstoProtect: Defines the number of open orders required to activate the overall profit protection mechanism.
* ExtDepth, ExtDeviation, ExtBackstep: Parameters for the underlying ZigZag indicator.
* Urgency: Controls the sensitivity of the ZigZag signal, specifying how many recent candles to consider for a valid signal.
* ReverseSignal: Inverts the BUY/SELL signals generated by the ZigZag indicator.
* UseTimeFilter, StopTrade, StartTrade: Enables trading within specific hours of the day.

🧠 USAGE TIPS
* Thoroughly backtest and optimize the ZigZag parameters (`ExtDepth`, `ExtDeviation`, `ExtBackstep`, `Urgency`) for each selected trading instrument and timeframe.
* Understand the implications of the `Multiplier` setting on position size and overall exposure when multiple trades are active.
* Adjust `OrderstoProtect` and the `risk` percentage (if Money_management is enabled) to align the profit protection strategy with your trading objectives.
* Consider using the `ReverseSignal` option to explore counter-trend interpretations of the ZigZag indicator.
* Utilize the `UseTimeFilter` to restrict trading to specific market sessions, potentially avoiding periods of low liquidity or high volatility.

⚙️ SETTINGS (most-used)
• Fixed lot size — Fixed lot size when Money Management is off. (default: 0.01)
• Take profit (pips) — Take profit distance (usually in points/pips). (default: 25)
• Trailing stop (pips) — Enables a trailing stop with this distance. (default: 200)
• InitialStop — Controls the “InitialStop” parameter (double). (default: 300)
• MaxTrades — Controls the “MaxTrades” parameter (int). (default: 10)
• Multiplier — Controls the “Multiplier” parameter (double). (default: 1.2)
• Pips — Controls the “Pips” parameter (int). (default: 7)
• OrderstoProtect — Controls the “OrderstoProtect” parameter (int). (default: 6)
• Money management — Controls the “Money_management” parameter (bool). (default: false)
• AccountType — 0: Standard account(NorthFinance,MiG,Alpari) 1: Normal account(FXLQ,FXDD) 2:InterbankFX's NANO Account (default: 2)
• risk — Percent of free margin risked per trade when MM is on. (default: 0.5)
• ReverseSignal — Controls the “ReverseSignal” parameter (bool). (default: false)

🔧 ADVANCED CONTROLS (optional)
• UseTimeFilter (default: false)
• StopTrade (default: 18)
• StartTrade (default: 19)
• ExtDepth (default: 100)
• ExtDeviation (default: 75)
• ExtBackstep (default: 15)

💽 HOW TO INSTALL (MT4)
• Download: (.ex4)
• MetaTrader → File → Open Data Folder
• MQL4 → Experts → paste file → restart MT4
• Navigator (Ctrl+N): drag onto chart
• Enable: Allow live trading + DLL imports
• Click AutoTrading (►)

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📞 CONTACT & SUPPORT
🔹 Website : https://doveforexmarkets.com
🔹 Telegram: https://t.me/forexchats
🔹 Email : info@doveforexmarkets.com
🔹 WhatsApp: wa.me/260960556804

⚠️ DISCLAIMER
Trading involves risk. Past performance does not guarantee future results.