Chaos Warfare (EMA) MT4 Expert advisor ™ TheForexKings

SKU 00163
€49.00
In stock
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Product Details

Chaos Warfare MT4 Expert advisor

Chaos warfare is advanced MTE expert advisor that enables user to scalp and cost average multiple positions in direction of trend. Distance between consecutive averaging trades grows exponentially at rate defined by user.Lot Size on consecutive averaging trades will be increased according to to increase factor. At trend reversal trader can either chose to close all existing positions (accept loss) or to hedge and overcompensate in the direction of new trend (looking to get out with overall profit). Expert advisor is very flexible and works for wide variety of inputs.

How does it work

EA defines trend using two EMA pairs. All trading is done strictly in direction of this trend. Expert advisor will typically look for profit in scalping range. Target profit is not increased with number of trades. Due to fact that expert advisor uses increased lot size on consecutive trades together with exponentially growing distance between trade, it is able to get out of most trend reversals without substantial loss. Trader can also choose to hedge and overcompensate instead of accepting the loss immediately. This approach is suitable only to be used in tandem with conservative first level trade (1-3 trades, low increase factor, conservative averaging interval). Trader can also choose to apply take profit and stop loss for each trade (suitable for some scalping approaches).

Get FREE DEMO of Chaos Warfare MT4 EA

This expert advisor can trade multiple forex strategies: Chaos forex strategy, Swing and hedge forex strategy

Inputs used in expert advisor

EMA filters (two EMA pairs): Both Tandems must confirm the trend direction. EMA fast must close above EMA slow in both tandems (to enter long) and vice versa for short entry.

  • EMA main TR pair: Main Ema filter. Crossover of those two EMA will trigger closing of all existing trades if Close all in trend reversal input is true.
  • EMA filter: Secondary trend confirmation. Helps to avoid entering on main trend reversals. Should be used with faster calculation period.
  • Close all in trend reversal: If true, all existing trades will be closed at trend reversal based on EMA TR pair (EMA fast crossing above, below EMA slow TR).

We enter the trade on each candle close on both primary and secondary level.

First level trades (averaging)

  • No trade exists in opposite direction.
  • Averaging module: If trade exists, new trade can only be opened if overall account profit is less than: -(negative)Averaging interval*LOTSIZE*(EXPONENTIAL FUNCTION*NUMBER OF OPENED TRADES PER THAT SIDE). Warning: EA works only on one currency pair per account. Also, manual trades cannot be opened while EA operates.
  • Averaging interval input (negative value): Distance between consecutive averaging trades that will be calculated by averaging module. Each trade will opened on new candle open. If one candle covers distance equivalent to two or more averaging steps, more than one trade can be opened on same price level (but only on new candle open). Modify this input down to modulate aggression of averaging (-10 most aggressive, – 100 less aggressive).
  • Increase factor: Strategy increase lotsize of each consecutive averaging trade. Calculation: Increase factor*number of opened trades(averaged side)*lotsize+lotsize. Increase factor with value 1 is least aggressive.
  • MAX number of trades (5 in test): Expert advisor can work with more than one trade opened per side. This parameter will modify number of trades that can be opened per side at the same time.
  • Closing module for profit: Expert will close all existing trades at once as soon as the overall account profit reaches target profit. Use only on one currency per account and do not open any other positions. Modify targets proportionally with lotsize (in account currency). Crossover of EMA TR (trend reversal) will trigger closing of all existing trades if Close all in trend reversal input is true.
  • Add stop loss and take profit: If this setting is true stop loss and take profit can be defined for first level trades (scalping).

Second level trades (hedge and overcompensate):

  • Allow hedge and overcompensate: First level trade exists in opposite side. Primary trades remain open as the trend reverses. Expert will now enter second level trades in opposite direction with increased lotsize and number of trades. Averaging conditions are omitted. The goal is to overcompensate for existing loss and close all trades in overall profit. Once the second level trade fails, we accept loss (trend reverses back to primary trade direction).
  • Hedge lotszie: Increase the lotsize for second level trades. Hedge and overcompensate for losing trades existing on opposite side.
  • Hedge max number of trades: Max number allowed for second level trades. This step allows adding to the winner and averaging for hedging trades with increased but controlled aggression.

  • Closing module for second level (hedging) trades: All existing trades are closed either in overall account profit or loss (max loss) according to first level closing module, or at the new trend failure. If new trend fails all existing hedging trades will be closed once we receive valid signal to enter the trade in previous market direction.
  • MAX loss: If account loss falls below this value all existing trade will be closed (add minus (-) before the value). This value should be high enough to be reached only by the second level trades.
  • Magic number buy/sell hedge: Must be different than primary trades. Not applicable in this expert advisor. Do not use on more than one currency per account and do not open any other trades (expert is closing trades based on equity).
  • MAX slippage: Applies both on primary and secondary level trades.
  • Spread filter: Applies both on primary and secondary level trades.

Rules of the expert advisor

First level trades:

SELL:

  1. No long trade exists.
  2. EMA fast trending below EMA slow. In both tandems. Downtrend is present in the market. Enter short only.
  3. We enter the trade on candle close (new open).
  4. If trade exists, new trade can only be opened according to the averaging rules. No more trades than max number of trades defined in inputs.
  5. We close all existing trade in overall account profit or loss. Primary trades can be closed at overall account profit (target profit), by stop loss/take profit points (if allow SL and TP is true) or at trend reversal (EMA fast TR closing above EMA slow TR – if close at trend reversal is true).
  6. If allow hedge and overcompensate is true and close all at trend reversal is false. First level trades will not be closed on trend reversal. EA will enter second level (hedge and overcompensate) trades to the new market direction.
  • If allow hedge and overcompensate is false and close all at trend reversal is true. EA will enter primary trades only.

BUY

  1. No short trade exists.
  2. EMA fast trending above EMA slow. In both tandems. Uptrend is present in the market. Enter long only.
  3. We enter the trade on candle close (new open).
  4. If trade exists, new trade can only be opened according to the averaging rules. No more trades than max number of trades defined in inputs.
  5. We close all existing trade in overall account profit or loss. Primary trades can be closed at overall account profit (target profit), by stop loss/take profit points (if allow SL and TP is true) or at trend reversal (EMA fast TR closing above EMA slow TR – if close at trend reversal is true).
  6. If allow hedge and overcompensate is false and close all at trend reversal is true. EA will enter primary trades only.

Second level trades (hedge and overcompensate)

If allow hedge and overcompensate is true and close all at trend reversal is false. First level trades will not be closed on trend reversal. EA will enter second level (hedge and overcompensate) trades to the new market direction.

SELL:

  1. Long trade exists.
  2. EMA fast trending below EMA slow. In both tandems. Downtrend is present in the market. Enter short only.
  3. We enter the trade on candle close (new open).
  4. We use lotsize defined in hedge lotsize input (typically increased).
  5. We use max number of opened hedge trades (hedge max number of trades).
  6. We close all existing trades in overall profit. If trend reverses expert will close all existing hedging trades. Closing of hedge trade can also be defined by max loss input (add minus (-) before the value).

BUY:

  1. Short primary level trade exists.
  2. EMA fast trending above EMA slow. In both tandems. Uptrend is present in the market. Enter long only.
  3. We enter the trade on candle close (new open).
  4. We use lotsize defined in hedge lotsize input (typically increased).
  5. We use max number of opened hedge trades (hedge max number of trades input).
  6. We close all existing trades in overall profit. If trend reverses expert will close all existing hedging trades. Closing of hedge trade can also be defined by max loss input (add minus (-) before the value).

Test Results (EURUSD 1H, 2003.01.01 - 2016.11.24)

EA can trade multiple forex strategies with various results:

Chaos forex strategy

Primary trades only. closed at trend reversal. No hedging allowed.

  • Bars in test 86731
  • Ticks modelled 2137139
  • Modelling quality n/a
  • Mismatched charts errors 0
  • Initial deposit 2000.00
  • Spread 10
  • Total net profit 22536.60
  • Gross profit 79999.25
  • Gross loss -57462.65
  • Profit factor 1.39
  • Expected payoff 1.00
  • Absolute drawdown 39.86
  • Maximal drawdown 3048.67 (19.46%)
  • Relative drawdown 23.17% (813.63)
  • Total trades 22537
  • Short positions (won %) 11329 (65.60%)
  • Long positions (won %) 11208 (65.21%)
  • Profit trades (% of total) 14741 (65.41%)
  • Loss trades (% of total) 7796 (34.59%)

Expert advisor is based on transparent and fully tested forex strategy.

Original and transparent MT4 expert advisor. Developed and created by professional FOREX traders at www.theforexkings.com . Tested for profitability on EURUSD tick data since 2003. Thousands of viable input combinations available for EURUSD alone. Works with any timeframe and any FX pair.

Main features of this expert advisor:

  • Tested on high quality tick data: High accuracy testing on EURUSD tick data (1H). 100+ Viable inputs combinations for EURUSD pair alone.
  • All inputs unlocked: You can adjust and modify your expert inputs. It can be then applied on any time frame and any currency pair. You can modify the settings at will to achieve the best possible results and make the expert suit your needs.
  • Transparent expert advisor: No smoke and mirrors. Rules are clearly stated and functionality can be easily verified by manual charting on forward or historical data.
  • Works with most of the MT4 Forex brokers: Our expert advisors were adjusted to work with almost any MT4 FOREX broker.
  • Works with any time frame: Simply drag and drop the expert on time frames you would like to use.
  • Works on any currency pair
  • Expert advisor will not draw any indicators in your chart.

Disclaimer and user agreement:

Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer. TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.

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MT4 Expert advisor will work according to the description.You Backtest will match results of our backtest (using same test and inputs ). Expert advisor will work with your broker.

30 day money back guarantee.If expert doesnt closely match our test results, run the same test (timeframe, inputs, type).Send us the report. Allow few days to analyze and refund.

One time payment secured by PayPal. Lifetime license. FREE updates and support. You will recieve link for EX4 file immediately after the purchase. Download link will be also send to your email.

Easy, drag and drop installation.

 You will recieve EX4 file is ready to use. Copy the file into your MT4 Expert advisors folder and restart the platform.

ABOUT US

THEFOREXKINGS

“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

—  Marian, Proprietor of TheForexkings.com

DEVELOPED BY PROFESSIONALS

We are experienced Forex traders and developers, trading consistently since 2006. We have developed hundreds expert advisors both for ourselves and our clients.  We know what works and what doesn't in the FOREX . 

TRANSPARENCY

OF RULES

Each system is published with total transparency. Rules are stated in full. Each trader can verify system results by simply applying the rules on his chart. No smoke and mirrors, no overpriced secrets.

TESTED WITH

HIGH ACCURACY

Each of our systems is tested on more than a decade of high quality historical data. Each system must be robust enough, to have at least 100+ profitable inputs combinations. We use very robust candle based testing model (results are not dependent on unstable tick data).

200+ MT4 Expert Advisors

Only during 2016 - 2017 we have created (and published), more than 200 unique expert advisors. To be able to create 200 historically profitable EAs we had to create upwards to 400 other trading robots that failed our tests.This makes us one of the most prolific developer of trading systems in the world.

WIDE VARIETY

OF SYSTEMS

We do not discriminate. We test and produce all types of systems believing that there are countless ways to profit in the forex market. From ultra aggressive systems to conservative systems that will open a trade only once or twice per year. 

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