Eng GBP

Eng GBP is a an advanced trading system used for All currencies based on Fibonacci Levels and breakout strategies combination

The EA has been tested in the strategy tester in different trading conditions and shows a good result. The H4 time frame is
recommended for calculation and H1 for trading 

Settings will be uploaded for GBPUSD.

Features

• Fixed lot and auto lot 
• Money management ( Equity / $ mode ) 
• Trade safely
• Repeated order when another chance occurs and easy settings to use
• System needs time for calculation, keeping the system open is mandatory

Recommendations

• Best with VPS
• All Currencies but better with GBPUSD
• H4 timeframe for Calculation
• H1 For Trading and Testing
• Do not shutdown the system during the trading days to get better result

Inputs

Settings optimized for GBPUSD, H1 timeframe for trading , H4 for Calculation

• Calculation Timeframe = H4  EA will calculate every H4 candle to see to
  best time for trading 
• Trading Time =from 00:00 to 23:59 
•  Execution Mode= MARKET / LIMIT   whether you want LIMIT order or Market execution
• Minimum & Maximum range to trade   it is the price traveled in the calculation
  candle in pips
• Entry Ratio  which Fibo level after breakout of the candle to be used for entry
• SL Ratio  which Fibo level after breakout of the candle to be used for SL
• TP Ratio        which Fibo level after breakout of the candle to be used for Tp
• Fixed size Lot will be used if you Tuned the Moneymanagement Mode to ” OFF” position
• Moneymanagement Mode  how you want your money management to be calculated ( Equity , Money ” how much
  money you want to risk per trade “, Fixed lot) 
• One Trade per Day ( True / False ) How many trader per 24 hours if you want only one trade set this as True ,
  if you want to trde depending on the availability of the condition set False
• Trade Cancellation  after the breakout if the price travel to X% Fibo no trade will be placed ( for more
  safety )
• Cancel Ratio Which fibo level you want the order to be cancelled after breakout
• Use Breakeven  to move stop loss to entry after X% Fibo
• Hidden Mode ( True/ False ) Ea to move SL to entry if it is False or EA to close the trade manually if it is
  False when the price reaches Breakeven Trigger ratio
• Trigger Ratio when the price reaches X % Fibo and you want to move the SL to entry point to avoid counter trend
• use Moving Average  to confirm the trend while trading