This is no martingale, grid, hedge or other averaging strategy.
This expert is a classic break-out-strategy with special filter. It monitors market movements and set pending trades. If not activated in a certain time frame, new levels are set. On activation the experts trails the trade very closely. Every trade is protected by stop-loss.
Best trading times are while London and USA is open. We suggest – and have tested it with – EURUSD and GBPUSD
We also suggest a VPS with very fast ping times and an ECN-broker with tight spreads and without stop level.
Please find a signal for this expert here: https://www.mql5.com/en/users/ugur-edin/seller
Basic Parameters
- MAGICNO – magic number, unique number to identify Expert and Currency pair
- Lots – use lot size if money management is set to false
- UseMM – use money management
- MaximumRisk – Maximum Risk if money management is set to true
- MaximumLotSize – Maximum LotSize
- DecreaseFactor – decrease by a factor of X
- DecreaseLotSizeAfterXLosses – whether or not to decrease trade sizes after losses
- IncreaseFactor – increase by a factor of X
- IncreaseLotSizeAfterXLosses – whether or not to increase trade sizes after losses
- TimeFrame – Time frame to analyze bars
- HistoryAnalyse – how many bars to check
- Schift – how many bars back to start, eg.: 1 analyzes 1-19, 5 analyzes 5-23
- LastLowHigh – opens pending order only when low and high are set back at least 3 bars
- Tral_Stop – Points trailing when profit position
- TrailingStep – Step trailing when profit position
- StopLossInPoint – loss in points, at which a deal is closed
- TakeProfitinPoint – take profit in points (if set 0 does not use take profit)
- PendingOrderExpirationInHours – Pending order delete after x hours
- StartTradeHour – start trading at
- StartTradeMinute – start trading at
- EndTradeHour – end trading at
- EndTradeMinute – end trading at
- TradeSunday – False / True
- TradeMonday – False / True
- TradeThuesdy – False / True
- TradeWednesday – False / True
- TradeThursday – False / True
- TradeFriday – False / True
- CloseStartHour – start closing open trades at
- CloseStartMinute – start closing open trades at
- CloseEndHour – end closing open trades at
- CloseEndMinute – end closing open trades at
- in_NY_DST – set to true if New York uses Daylight saving time (Spring). Set to false if New York does not use Daylight saving time (Winter)
- GMTOffsetForTesting – GMT offset – for backtesting only
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