CPT ea

Hi dear.

I guess you came to this page hoping you might find an EA you can trust!

If so, give me your attention.

CPT, or Consistent P******** Trader. a shortcut for three words. a name that explains a purpose.

I will tell you a little story about why I created this EA.

Years ago, I passed from the phase of blowing up every account I opened to the phase of... Let's say winning more than losing.

I made parties at that time, thinking that's the end, and now everything will be just perfect.

Of course, I was a wrong...

I got into a painful losing streak for more than a year (that ends with destroying the account again), just to understand that making some winning trades isn't enough.

Anybody can do that...

Even my 8-year-old cousin, when I showed him the buy and sell buttons, was able to do that, but he's not consistent.

This is a long marathon, and that's what most traders don't see... They keep trying hard, and after a lot of disappointments, they quit.

They sacrificed success by chasing systems that would double their accounts in weeks.

Most of us don't make it...

So I had two options: giving up or changing my mindset.

I took the second option. (and I hope you do the same)

I was thinking about a system to achieve consistency, especially if I want to be a full-time trader.

I did it, and I was able to design manual trading systems for this purpose.

Later on, I developed some automated systems for managing my passive portfolios, and right now, I'm sharing one of them with you ;)

The idea was based on three keywords.

• Simple concept and strategy, as it trades technical price action breakouts that anybody can understand how it works.
• Safe as it doesn't use any dangerous techniques. Stop order, SL, and TP with clear risk management rules will be enough.
• Consistent. The most important reason why this program was founded. This shouldn't be that kind of EA that makes some crazy returns in the first months, then crashes everything above our heads...

I want you to click on Demo Download, then continue reading this to discover how it works in the strategy tester.

Default Settings

As you see, you have too many options to create any breakout strategy you want.

Don't worry if you get confused for the first time. If you have any questions, I'm available in live chat for details.

CPT is a multicurrency EA. You can use it to run up to 3 pairs at once with a single attachment.

You'll get the default settings EURUSD, USDJPY and ******, which are setups designed as low-risk day trading strategies, and the main objective is to outperform the major indices (S&P500, Nasdaq, Dow Jones, etc.).

"Past performance is the best predictor of success."

That was a Jim Simons quote...

Before running default setups in live accounts, a lot of backtesting have been made using high-quality data from premium resources to make sure we're simulating the live trading environment.
The modeling was every tick based on real ticks, adding the spread, slippage, and commissions.

Jimy also said that the best decisions are often made with data and evidence. Not just gut feelings.
So, if you want to do this with your broker data, select every tick model. Otherwise, I'm sorry. You'll get garbage instead of data.

Results show that in the last 17 years, default settings have outperformed the S&P 500 in everything.

Of course, past results are not guarantees of future results.
And I'm sure you understand that.

It's totally fine to stick to the default setups, but keep in mind that many users are going to use the exact same settings, and that could be an issue if you trade with a proprietary trading firm that prohibits group trading.

You have the strategy tester on the MT5 terminal. If you master strategy optimization, then use your skills to create new setups.

Otherwise, if you make a purchase, at least contact me to get the third setup for free.

FAQs

What is the symbol and timeframe I should select for this EA?

EURUSD 1h. It doesn't matter because everything will be selected from the inputs. Just make sure to input the instrument name exactly as it is in your broker.

Which account type should I run the default settings on?

Raw Spread account, with a maximum commission of $8 per lot.

Do I need a fast VPS to run CPT?

No. CPT only uses stop and limit orders to avoid high slippage. Slow VPS with a 50ms ping will be enough.

How do I use a fixed lot size?

Enter 1 in the "Default risk" input, then enter the lot size you want in the "Max lot".

How do I turn off the drawdown monitor?

Input 99 both in daily and overall DD.

Why is my backtest different from screenshots?

You have different historical price data, different trading costs, and probably different settings. But if you're talking about the design of graphs, it's Google Sheets.

Does this EA work with the FIFO rule?

Yes.

Can I use this EA with an account currency other than USD?

Yes.

Can I use this EA next to other EAs?

Yes. But remember that the DD Monitor will watch other EAs too, and if something goes wrong, it will stop them.

Can I use this EA with any pair?

Of course. Stocks, gold, Nasdaq, or oil... You can use it with anything as long as you have good settings for it.

How much does this EA make per month?

Wrong question. The right question is: for how long will the settings you choose remain consistently profitable?

Why is the news filter not working if I want to backtest?

If you see in the journal these errors: "tester_file 'CPTcalendar.bin' does not exist" and "// The file CPTcalendar.bin is not found... Run CPT on the terminal first, or the news filter won't work during strategy testing." Then you already have the answer. (Try turning off the MT5 app and turning it on again for a refresh)

I don't understand a specific input...!

Not a problem; drop your question in the chat and you'll get a fast response.

Where is the public channel?

https://www.mql5.com/en/channels/cptea