FXProSystems
Back

EA BlackQueen for MT5 - hedging with stable profit

Published: 06.02.2022
Reading time: 30 minutes
16
8390
ea-blackqueen

EA BlackQueen is a fully automated trading robot for MT5 with integrated hedged trading on 7 currency pairs simultaneously. The EA shows good results in the strategy tester and in real trading even with a small (50 USD) initial deposit. He definitely deserves our attention!!!

Сharacteristics of the EA BlackQueen

  • Official website: mql5.com
  • Platform: Metatrader5
  • EA version: 1.8
  • Currency pairs: EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF, USDCAD, USDJPY
  • Trading Time: Around the clock
  • Timeframe: H1
  • Recommended broker: Roboforex, XM, FTMO

How the EA works

This EA uses a hedging strategy, which gives significant security in trading. Read more about hedging here www.investopedia.com. But even without the use of hedging, this EA is quite stable in the 12-year test (see backtest below). That inspires confidence in its reliability.

Examining the settings of the adviser and its entry points, we can assume that the work of the adviser is based on the breakdown of the borders of some channel, but this is not so important. It is more interesting how the adviser's trading is organized after opening an order. BlackQueen EA provides a strategy for compensating for losses through a modified Martingale (can be disabled) - the strategy "BQ", when the EA opens an opposite trade with an increased lot.

And the strategy "OneOrder", when the EA takes a loss and waits for the next opportunity to enter:

strategy-bq-and-oneorder

Backtesting

The EA has a money management block "MM selection", where you can set one of five risk levels from Minimum to Gambling (more details in the EA settings). I will do just a few tests with Conservative and Aggressive modes with and without hedging:

Auto - 7 pairs, Strategy “BQ”, Aggressive MM, Deposit 1000 USDea-blackqueen-bq-agressive-1000

Auto - 7 pairs, Strategy “BQ”, Conservative MM, Deposit 1000 USDbq-eurusd-bq-conservative-1000

Auto - 7 pairs, Strategy “OneOrder”, Aggressive MM, Deposit 1000 USDbq-eurusd-bq-one-order-agressive-1000

Auto - 7 pairs, Strategy “OneOrder”, Conservative MM, Deposit 1000 USDbq-eurusd-bq-one-order-conservative-1000

Auto (THIS CHART), Strategy “BQ”, Aggressive MM, Deposit 50 USDbq-eurusd-bq-this-chart-agressive-50

Auto - 7 pairs, Strategy “OneOrder”, Aggressive MM, Deposit 50 USDbq-eurusd-one-order-agressive-50

Statistical information for 12 yearsstatistical-information-for-12-years

As you can see, even with a deposit of 50 units, the Expert Advisor confidently passes a backtest in 12 years. But still, for small deposits, I would not advise using aggressive money management methods, since the drawdown is quite large.

EA Settings

All EA settings are divided into the following sections:

  • Mode selection
  • Strategy selection
  • MM selection
  • Money Management Setting
  • and other
More about all the settings of the EA

blackqueen-settings

  • Mode selection - select the Expert Advisor operation mode.

   •  Auto - 7 pairs: Multi-currency trading from a single chart, using 7 currency pairs. No configuration required. This mode is perfect for beginners. When you select this mode, you can configure the "Strategy selection" and "MM selection" parameters, the other parameters are not used.

   •  Auto(THIS CHART) - 7 pairs: Trading only the pair to which the expert Advisor is attached, you can choose from seven currency pairs. No configuration required. When you select this mode, you can configure the "Strategy selection" and "MM selection" parameters, the other parameters are not used.

   •  MANUAL: It can be used on any instrument. Gives you unlimited options for setting parameters. Trades only on the chart to which it is attached. Requires parameter settings. When working, all parameters and groups are used: MONEY MANAGEMENT SETTING, MANUAL SETTING FOR MODUL: A, MANUAL SETTING FOR MODUL: B, ORDER SETTING.

  • Strategy selection - choosing a strategy.

   •  BQ: In the event of a loss, the expert Advisor is won back with the help of opposite trades. It is possible to increase the lot.

   •  OneOrder: After receiving a loss, the expert accepts it and waits for the next opportunity to enter.

  • MM selection - the choice of the method of money management.

   •  MANUAL: to select the volume, use the parameter "MANUAL setting first order lot"

   •  Minimum: the minimum possible volume.

   •  Conservative: conservative strategy using reinvestment.

   •  Standart: a standard strategy using reinvestment.  

   •  Aggressive: aggressive strategy using reinvestment.  

   •  Gambling: a very aggressive strategy using reinvestment.  

----=MONEY MANAGEMENT SETTING=----

  • MANUAL Setting first order lot - the lot volume of the first trade in the series.

   •  Parameter values are negative: used as a constant lot (Example: Lot = -0.01 the trade will open with a volume of 0.01 lots).

   •  The parameter values are positive: The volume per 1000 units of the deposit is specified (Example: Lot = 0.04, on the account of $ 2000, the transaction will open with a volume of 0.08 lots).

----=MANUAL SETTING FOR MODUL: A=----

The parameters from this group will only work when Mode selection = MANUAL is selected. The semantic values of the parameters are described for the "BQ" and "OneOrder" strategies. The range of parameters that does not change the essence of the strategies is indicated in parentheses. In the future, when adding new strategies, the semantic load of the parameters can be changed. This is necessary to use the Expert Advisor as a platform for many different strategies.

  • Modul A - enabling BUY/ disabling the BUY module.
  • Buy_NSeries - the number of orders in the series. (1-3);
  • Buy_Range -  channel sensitivity selection range. (2-20);
  • Buy_LevelSpace - the required value for breaking through the channel. (0-40);
  • Buy_TP - take profit of the first order. (5-40);
  • Buy_SL_Min -  limit dynamic min stoploss. (10-50);
  • Buy_SL_Range - the range of the dynamic stoploss. (50-200);
  • Buy_FastExit - an additional strategy for closing a position prematurely. (false-true);
  • Buy_TP_1_Percent - the ratio of the second order's takeprofit to the first order's stoploss. (0.3-2.5);
  • Buy_KoefCompensation_1 - the coefficient of return of funds by the second order. (1.1);
  • Buy_FastExit_Point - the parameter for closing a position prematurely. (0);

----=MANUAL SETTING FOR MODUL: B=----

  • A complete analogy with module A.

----=ORDER SETTING=----

Magic Number - id of the Expert Advisor. Allows you to organize analytical processing of trading orders. Each Expert Advisor can set its own unique identifier when sending a trade request. The Expert Advisor occupies 100 numbers.

Invariably, I recommend that you use only a trusted broker with an ECN account with zero spread to use this EA.

In the archive BlackQueen_MT5.zip (7.61 Mb):

  • BlackQueen 1.8.ex5
  • Paste msigm32 here.png
  • msimg32.dll
  • Full Instructions.pdf

Free Download EA BlackQueen v. 1.8

Mirror

Author:
Daniel
Share
Related Post
Comments:
  • MARIONO
    Published: 07.02.2022 Reply to the message

    This EA is powerfull,, but I can't Download., Can you help me,, send me to email.

    • Daniel
      Published: 07.02.2022 Reply to the message

      Loading error fixed. Try downloading now. The email will not be missed due to the dll library contained in the archive or use a Mirror

  • Rob Schouten
    Published: 07.02.2022 Reply to the message

    Thanks, I managed to download EA BlackQueen_MT5, however my Eset Virus Scanner
    detects a Troyan horse wrapped in the package. Below the specification:

    HOME>Threat Encyclopaedia>Descriptions> Win64/Packed.VMProtect.L
    ThreatTimelinePrevalence MapThreat Variant
    Win64/Packed.VMProtect.L [Threat Name] go to Threat
    Win64/Packed.VMProtect.L [Threat Variant Name]
    Category trojan

    • Daniel
      Published: 07.02.2022 Reply to the message

      This is a reaction to the msimg32.dll file and is normal. Just add it to the antivirus exclusions or disable the antivirus during the installation.

  • Investimentos Mega
    Published: 07.02.2022 Reply to the message

    Hello. I downloaded it, installed it on mt5 from Robo Forex, but when I click and drag to the currency pair it doesn't open. Would you help me. I already installed the DLL too.

    • Daniel
      Published: 07.02.2022 Reply to the message

      Apparently you need MT5 build 3101 ➔ DOWNLOAD
      And you need to disable the automatic update of the MT5 terminal. Read about it in the "Full Instructions.pdf" or watch in this video

  • dr. Moris
    Published: 07.02.2022 Reply to the message

    Thanks sir *THUMBS UP* . This is a very good EA.

    • rodrigo
      Published: 09.02.2022 Reply to the message

      como estas profe daniel comentarle que hice todo los pasos y tengo el mismo problema de un compañero, al arrastrar al cuadro de divisas el Ea NO hace ningun cambio,, helppp por favor. graciasss

  • Zicky
    Published: 09.02.2022 Reply to the message

    I cant use strategy tester with the EA

  • ROMAN
    Published: 09.02.2022 Reply to the message

    During downloading of BlackQueen_MT5 rar. I got notification from Window Security that the file is infected and system deleted this file.
    Please check from your side.

    • Daniel
      Published: 10.02.2022 Reply to the message

      This is a reaction to the msimg32.dll file and is normal. Just add it to the antivirus exclusions or disable the antivirus during the installation.

  • AbeSan
    Published: 14.03.2022 Reply to the message

    Hi Daniel.... thanks a lot. Files are all okay. EA is working and presently testing it on the DEMO

    • Daniel
      Published: 14.03.2022 Reply to the message

      *THUMBS UP* I'm glad that everything worked out for you

  • keelan
    Published: 20.04.2022 Reply to the message

    @keezilla my telegram i need some set files please and help cheers

  • Iceman
    Published: 30.06.2022 Reply to the message

    hi Abesan, Daniel, I got "license invalid" message. Please advise how you solved it. Thanks

  • Alessandro
    Published: 13.08.2022 Reply to the message

    good evening or installed EA but it tells me license expired how can I solve? thank you

Name
Please enter your last name and first name
E-mail
No spam, we promise
Message text
By submitting this form, you agree to the political confidentiality and rules of our site.