Trading utilities for MetaTrader 5
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MetaTrader 5
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Overview
Jackal Expert Advisor – Trading Strategy
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Download the settings file
Gold M1 | ECN Account: Compatible with any broker
Jackal EA is based on a multi-layered and intelligent breakout strategy that combines advanced risk and profit management to adapt to market dynamics.
1. Breakout Trap Strategy
- Places two simultaneous pending orders in opposite directions:
- Buy Stop above the current price
- Sell Stop below the current price
- Enters market instantly when strong directional movement occurs
2. Smart Trade Management
- Initial Stop Loss (SL): Fixed SL to limit risk
- Trailing Stop: Follows price after trade goes into profit
- Risk-Free Mode: Moves SL above entry to lock in net profit
3. Recovery & Profit Protection Systems
- Smart Close: Recovers previous loss with next trade
- Drawdown Recovery: Reduces and manages floating losses
Input Settings Guide
Jackal EA is fully customizable via input parameters:
Lot Management
| LotsSize | Fixed lot size. If non-zero, EA uses this value. |
| LotsPer1000 | If LotsSize = 0, EA calculates dynamic lot size (e.g. 0.01 per $1000). |
| MinLots / MaxLots | Minimum and maximum allowed lot sizes. |
Core Trading Settings
| Limit | Distance from current price to place pending orders (in points). |
| def_SL | Initial Stop Loss (in pips). |
| MaxDailyTrades | Max trades allowed per day. |
| DailyProfitLimit | Daily profit target. EA stops trading upon reaching this limit. |
Advanced Profit & Risk Management
Trailing Stop:
| Start_trailing | Pips in profit before activating trailing SL. |
| Distance_trailing | Distance between current price and SL. |
Risk-Free:
| EnableRiskFree | Enable/Disable risk-free mode. |
| RiskFreePips | Pips of profit before activating risk-free mode. |
| RiskFreeProfitPips | Extra pips to lock in profit beyond break-even. |
Smart Recovery:
| EnableSmartClose | Recovers losses with next trade. |
| EnableDrawdownRecoveryClose | Manages floating losses in drawdown. |
Trading Filters
| def_MaxSpread | Maximum allowed spread for trade execution. |
| EnableMAFilter | Trades only in direction of long-term MA trend. |
| BB_PARAM / RSI_PARAM | Bollinger Bands & RSI settings for filters. |
| StartHour / EndHour | Allowed trading hours. |
Technical Settings
| MyMagicNumber | Unique identifier to avoid EA conflict. |
| Slippage | Max allowed price slippage during execution |
Refer to the comments for strategy testing training.
