Meet the move against you at the average price.
Let the rebound run with a trailing stop.
Step-by-step averaging pulls the average entry price down on a plan, and a trailing stop turns small rebounds into profit. An automated EA built only for EURGBP, sailing between the euro and the pound.
* Amounts are estimates: the max DD % (equity-based) applied to the 10,000 USD starting balance (1 USD = 150 JPY).
I'm Captain Pon. These numbers come from tests on past data. They're not a promise about future results, so please keep that in mind.
Backtest results from the MT5 Strategy Tester (every tick, $10,000 starting balance, 1:100 leverage, fixed 0.01 starting lot). They do not guarantee future results.
The live status of the account the seller actually runs.
Here's how things look out at sea. The numbers arrive a few minutes late. When we're carrying a floating loss, we show that too.
| Side | Lots | Entry | Opened | P/L |
|---|
| Closed | Side | Lots | P/L |
|---|
Realized P/L per day () and number of closes. Floating P/L is not included.
Times are the broker's server time. These are results from this account and do not guarantee the same results in your account.
Averaging here is not "buy more and pray." Spacing, lot size and limits are all decided in advance.
It only does two things. When price moves against it, it adds at a set distance. When price comes back, it follows as far as the move goes.
The deeper the move against you, the wider the next spacing. It doesn't rush to add deep into a move.
Buy and sell baskets are managed independently, each with its own settings. A move against one side doesn't stop the other.
The decision is based on P/L from the average price. The deepest add and the very first position close at the same time.
When the floating loss reaches a set share of the balance, everything is closed. The exit rule is fixed from the start.
Breakdown of the baskets that closed in profit in the backtest (3,667).
What matters most in an averaging EA is that the exit rules are set from the start.
| Item | Details |
|---|---|
| Stop-outs | Close everything when the floating loss reaches a set share of the balance |
| Max positions | Caps the number of steps so lot size can't keep growing |
| Spread filter | While spreads are wide, new entries, averaging and stop-out checks are paused |
| Margin check | Checks free margin before averaging and skips if short |
| Day-rollover guard | Pauses decisions for a set time after 0:00 server time to avoid misreading quotes |
| Retry throttle off-hours | If closing fails because the market is closed, retries pause briefly |
Continuous test from January 2017 to October 2026 with a $10,000 starting balance.
I won't only tell you the good parts. Some years had big stop-outs. Please read the yellow box on the right too.
Please check whether it fits you before signing up.
Both plans are free for the first 30 days. One subscription covers one account.
Start with 30 days on a demo account or the minimum lot. If it's not for you, it's fine to stop while it's still free.
| Item | Details |
|---|---|
| Platform | MetaTrader 4 / MetaTrader 5 (MT5 requires a hedging account) |
| Pair / timeframe | EURGBP/M5 |
| Parameters | Works with the default values (details of each parameter are not published) |
| Lots | Set your starting lot (from 0.01) |
| Recommended setup | A PC or VPS that runs 24 hours. One chart |
| Test conditions | MT5, every tick, $10,000 starting balance, 1:100 leverage, 2017.01.01–2026.10.09 |
Three steps from sign-up to running.
On the payment page, enter the MT4/MT5 account number that will run the EA.
Setup guidepage: download the MT4 or MT5 version.
If you're logged in with the registered account, it authenticates automatically and starts running.
If the move against you continues, the floating loss grows. Dover limits that risk with a step cap, a balance-linked stop-out and a spread filter. Even so, a stop-out costs −$800 to −$1,700 (backtest, 0.01 starting lot).
About 70% per trade. By basket, 3,667 of 3,679 closed in profit. But the remaining 12 stop-outs each equal dozens of wins. Please weigh the size of the losses, not just the win rate.
The test uses a fixed 0.01 starting lot. A larger lot scales the stop-out loss just as it scales profit. Decide how much loss you can accept first.
It can. Real spreads, swaps, execution delays and slippage change the results. We recommend checking on a demo account or the minimum lot first.
Backtests were run on MT5. The MT4 version follows the same logic, but results differ with the platform, broker and price history.
It is tuned for EURGBP only and isn't meant for other pairs.
After the 30-day free period, the plan you chose is charged automatically. Cancel during the free period and you won't be charged.
The subscription management pagelets you cancel at any time. After you cancel, the EA stops opening new trades once the paid period ends.
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