Trading Robots for MetaTrader 5
Shopping cart
MetaTrader 5
Top Rated Products MT5
Overview
Signal Link: https://www.mql5.com/en/signals/2245913
Chat for discussions and questions: https://www.mql5.com/en/messages/013c55ab4fefda01
Starting Price: $99
Price Increment: The price will increase monthly by $100 in case of good monthly performance (10% or more).
Works on standard account (no ECN needed).
It was optimized on a small amount of data (8 months of 2024), but the backtest shows great results on a long backtest run using real ticks.
How the Strategy Works:
The strategy leverages market calmness before the US session to place two pending limit orders based on the day's high and low prices. This method ensures precise entry points and efficient profit management.
A Buy and Sell Limit order is placed at the high/low of the day right before the US trading session.
Each trade is protected with a Stop Loss (SL) to manage risk.
No more than two trades are executed per day. Pending orders that are not triggered are expired after a specified number of hours.
All positions are closed at a predefined time to avoid overnight risk. (this is disabled in default settings by setting 24th hour)All Take Profits (TPs) and Stop Losses (SLs) are based on the percentage of the gold price. If the gold price changes significantly, the input parameters remain effective and do not require adjustments.
Backtesting/Setup:
- Simply run on XAUUSD using default settings. Timeframe H1 or smaller.
- Adjust the start hour if your broker timezone is not GMT+2.
Inputs:
- SL Percentage - Stop Loss percentage for Buy positions.
- TP Percentage - Take Profit percentage for Buy positions.
- Start Hour for Placing Orders - Hour to start placing orders.
- Start Minute for Placing Orders - Minute to start placing orders.
- Expiration Time in Hours for Pending Orders - Number of hours after which pending orders expire.
- Magic Number - Unique identifier for the EA's orders.
- Minimum range for the day to consider placing trades - to avoid low volatility days like holidays
- Only Up - If set to Yes, lot size does not decrease after a drawdown.
- Lot multiplier during balance drawdown - risk: 1 - low, 2 - medium (recomended), 3 - high
- Lot Size Calculation Method - Method for lot size calculation: LotSizeStep or FixedLotSize.
- Fixed Lot Size - Fixed lot size.
- Lot Size Step Value per 0.01 lot - Account balance step value for lot size calculation.
