Technical Indicators for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
Fluxon is designed to be a scalping MQL5 expert advisor, that uses strategy based on breakouts and trend continuation. It offers high win rate and low drawdown due to 1:1 risk-to-reward ratio and high amount of trades with small stop loss.
The EA is designed to place orders on FOREX pairs, such as EURUSD and USDJPY, or METALS such as XAUUSD with higher risk.
- Trading on Forex pairs offers an average annual growth rate of 100%, with an 85% win rate and a maximum drawdown of 10%. This makes the EA a great choice for passing Prop firm challenges.
- Trading on Xauusd uses greater lot size and bigger risk, increasing the balance by up to 3000% annually. But still maintains an 85% win rate and a 10% maximum drawdown on average. Which makes it good option for growing small accounts, for an example.
ALWAYS SET "ENHANCED TRADING" TO TRUE IN THE INPUTS TAB FOR BETTER PERFORMANCE!
NOTE: All the nubmers and percentages mentioned here are achieved using the default settings (except enhanced trading), which aren't made to be the best. So make sure to try changing the inputs for potential increase in growth and decrease in risk.
Inputs:
- Enhanced Trading - Set to "true" for better performance.
- Risk % of trading capital - Specify the amount of balance in percentage to trade with (not per one trade).
- Take Profit in points (10 points = 1 pip) - Set the distance between open price and Take Profit level in points.
- Stoploss in points (10 points = 1 pip) - Set the distance between open price and Stoploss level in points.
- Points in profit before Trailing Stoploss (10 points = 1 pip) - Set the amount of points in profit before the Trailing Stoploss starts working.
- Trailing Stoploss movement in points (10 points = 1 pip) - Specify the number of points in profit required before the Trailing Stoploss is activated
- Timeframe to run - Select the timeframe on which the EA will operate.
- EA identification number - Enter a unique identification number for the EA (can be any value).
- Start Hour -Specify the hour at which the EA will begin placing orders. If set to "Inactive", the EA will trade 24/7.
- End Hour - Specify the hour at which the EA will stop placing orders. If set to "Inactive", the EA will trade 24/7.
This Expert Advisor is not guaranteed to generate profits consistently. It is crucial to thoroughly test it under various market scenarios before considering a purchase.
