QE Executioner MT5

QE Executioner MT5

is the low-risk and affordable Breakout Expert Advisor that compares favorably with high-priced alternatives with the same basic strategy and also impresses with its many additional features. The underlying and widely used strategy: After the European markets open, a pair of pending stop orders for the GBP/USD pair is placed above and below the high and low of a multi-hour period, with the expectation that an upper or lower breakout will occur during the course of the day, thus generating a profit. The onscreen panel provides a detailed overview of the system and market status. It also contains buttons for active traders to manually place additional sessions and/or market orders at any time. Expert Advisors are not able to take advantage of every promising trading opportunity during daily market movements.

Unlike experts that use Martingale or Grid strategies, QE Executioner MT5 doesn't use such strategies and protects its trades by setting fixed Stoploss and in addition, possible drawdowns become limited by the build-in recovery function that balances profitable positions with lower loss positions. Profits are taken by virtual trailing and starts at the preset of "Profit Trail Activation" level or higher if indicator-controlled value exceeds the preset.

The expert is spread- and latency-sensitive. Therefore, it is highly recommended to choose Hedge ECN-accounts of types like "RAW", "Razor", etc. with highly reliable Brokers like IC Markets, FP Markets, Tickmill, … However, standard accounts types are not recommended for their usually huge spreads! 

The build-in News-Reader/-Trader allows to quickly inform on chart about the coming news events and offers setup of trading pauses to start before news of high market impact. It is highly recommended to use this feature as breakout strategies sometimes will fail if the broker doesn’t fill the order at the predetermined price or huge spreads because of extremely high demand. Especially interest rating decisions and Nonfarm Products releases. Furthermore, for continuously operation the expert should become installed on an VPS with locations of low latency like for example New York or London.

Installation is done on the GBPUSD chart whereby the chosen timeframe doesn't matter and even can be changed at any time of the expert's operation status without to affect it. Furthermore, the expert regards only trades of the same Magic Number and Symbol. Therefore, manually entered trades should be entered by the Panel buttons "BUY"/"SELL", if become included in the expert's profit/loss calculation. 

Session opening takes place at GMT hour and does not be needed to adjust. All other trading time settings are taken from the accounts broker server time. For convenience the GMT-hour is displayed beside the server-hour on the Onscreen Panel.   

Features Overview

• Trading the Currency pair GBPUSD
• Works in any time frame
• After server restart/fault or expert update continuously operation of open trades frictionless
• Adding of further session of order sets repeatedly manually at any time
• All orders with fixed Stop-Loss protection
• Recovery optional by session pattern multiplying
• Virtual trailing stop and trailing take profit
• Protection against big slippage and big spread  
• Protection against Fake Breakouts
• Money Management including Auto-Volume adaption
• Button to show News Events Calendar Panel
• News-filtered Trading pause
• Auto/Manual GMT adjustment
• Onscreen Panel free movable on the chart incl. show/hide

• Placing new stop order session manually
• Placing additional market orders manually
• Placing Buy/Sell market orders
• Closing all market orders and/or pending orders
• Show/hide News Event Calendar
• Show/hide Onscreen-Panel by clicking headline icon
• Move Panel to desired location on the chart
• Close Expert

>>> For detailed setup and installation instructions: https://www.mql5.com/en/blogs/post/761355

>>> Tips for choosing the right broker and VPS provider: