Nur Nutzer, die das Produkt gekauft oder gemietet haben, können Kommentare hinterlassen
Bernard Petrus Le Roux  
EuroSURGE v3.0 Update Notes Explanation

The EuroSURGE v3.0 update brings significant changes to the Expert Advisor (EA), an automated trading system, focusing on efficiency, reliability, and simplification. Below is a breakdown of the key updates:

Reworked Trading Logic

  • The trading logic has been entirely overhauled.
  • Decisions about buying and selling are now based on a completely new foundation, aiming for improved performance and reliability.

Optimized Parameters for Currency Pairs

  • The system now internally stores optimized parameters for each currency pair.

Multiple Strategies per Symbol

  • Supports up to 14 strategies per supported symbol.
  • Using multiple strategies per symbol enhances long-term stability and prioritizes quality trades over a high quantity of trades.

Multi Symbol Mode

  • The EA can now run all (supported) symbols from a single chart.
  • It initializes all independent strategies and timeframes in the background, reducing the need for multiple open charts and improving efficiency.

Streamlined Interface

  • Buttons have been removed from the chart as they are no longer necessary.

Removal of Redundant Risk Features

  • Daily stop loss and max drawdown features have been removed.
  • The new trading logic and risk management system have made these features obsolete.

Comprehensive Overhaul

  • Every aspect of the EA has been reworked from top to bottom.
  • Unnecessary features ("fluff") have been cut, ensuring a solid, reliable foundation for future enhancements.

Simplified Risk Adjustment

  • Set files are no longer required.
  • Users only need to adjust their desired risk level. A 1% risk is recommended when using all three currently supported symbols, making configuration straightforward.

Flexible Symbol Management

  • Symbols can be added or removed via the input menu.
  • This gives users flexibility to choose which currency pairs to trade.

Max Simultaneous Trades Setting

  • A new setting allows users to control the maximum simultaneous trades.
  • Setting it to 0 disables the restriction, permitting multiple trades per symbol in the same direction.
  • While the EA is designed not to overtrade, this option may slightly increase trade volume and potential returns, though it could also increase drawdown (DD).

Enhanced Backtesting

  • Users can backtest all symbols at once in a single test to evaluate collective performance.
  • Adjust the max simultaneous trades setting during testing to find your preferred outcome over your desired period.

Proven Robustness

  • The system has been stress-tested since 1999, providing confidence in its durability and performance across various market conditions.

Summary

EuroSURGE v3.0 is a major update that simplifies the user experience by removing manual configurations like set files and redundant risk controls. It introduces a reworked trading logic, supports multiple strategies per symbol, and offers efficient multi-symbol management from a single chart. With enhanced backtesting and a solid foundation tested over decades, the EA aims to deliver reliable, high-quality trading while allowing flexibility in risk and trade settings.

Bernard Petrus Le Roux  

EuroSurge MT5 Installation Guide

(Refer to the screenshots)


Welcome

First of all, welcome—and thank you for supporting this endeavor. If this guide does not help you get set up, feel free to contact me directly for assistance.

Important Notice on Broker Compatibility

The EA (Expert Advisor) was optimized using MetaQuotes and cross-tested using IC Markets, as I personally use IC Markets.

Therefore, it is very important that you use IC Markets. I cannot account for potential differences or discrepancies that may arise when using a different broker.


If You Prefer a Different Broker

You must backtest the EA using “Real Ticks” for at least 5 years with your chosen broker.

  • If the results are desirable, you may proceed.

  • If the results are not desirable, you have two options:

Option 1:

Open an IC Markets account and run the EA directly on that account.

Option 2:

Open a demo account with IC Markets and copy the trades to your preferred broker using the FX Blue Trade Copier.

  • FX Blue is free and efficient.

  • This option will require two MT5 terminals and additional setup steps not covered in this guide.

  • Please contact me directly for help setting this up.

Installation Steps

  1. Download the EA into your MT5 terminal.

  2. Open 3 (or more) new charts.

    • The specific symbols do not matter.

    • For demonstration, I’ll use: EURGBP, GBPUSD, and XAUUSD (Screenshots).

  3. Set all chart timeframes to 5 minutes for consistency.

  4. Locate the EA under the “Market” folder in the Navigator window, and add it to the first chart.

Chart Setup & Inputs

  • Important: Do not load more than 2 symbols per chart.

Chart 1 Example: EURGBP and EURUSD

  • The order of symbols does not matter.

  • You may combine any 2 symbols or load each one on a separate chart for individual customization.

Max Simultaneous Trades Input

  • Default is 1, which limits each symbol to one active trade at a time.

  • Setting it to 0 disables this limit, allowing for multiple trades (my personal preference).

  • Note: If your broker enforces FIFO rules, keep this input at 1.


GMT Offset & News Filter

  • The GMT offset is based on your broker’s server time.

  • Adjust this value according to your broker as described in the Input Notes.

  • The News Filter is optional.

    • The EA was optimized with news events included, so disabling it will not negatively affect long-term performance.

    • This feature is mainly useful for prop traders.

Important Built-in Rule

The EA is hardcoded to close all trades at 12:00 PM (noon) broker time on the first Friday of each month.

  • This cannot be disabled.

  • It helps avoid exposure to the NFP (Non-Farm Payroll) event, which is typically very volatile.

Close All Positions Friday Evening

  • This is a new input meant for prop trading use.

  • Default: false

  • I recommend keeping it false , as enabling it may prematurely close trades that could perform well the following week.

Repeat for Remaining Charts

  • Chart 2: Load GBPUSD and XAUUSD.

  • You can adjust risk per symbol (e.g., 0.5% for XAUUSD and 1% for GBPUSD) by loading them on separate charts and customizing their parameters individually.

  • Repeat for remaining symbols.

Final Notes

  • You can load each symbol on its own chart or combine up to 2 per chart, depending on whether their settings are the same (IE risk preference).

  • After loading, the UI panel will indicate which symbols are active on each chart.

  • The UI Panel will indicate whether AutoTrading is Enabled or Disabled. If Disabled - Turn on Algo Trading and ensure "Allow Algo Trading" is checked in the "Common" tab in the EA settings


Need Help?

If you need further assistance or clarification, do not hesitate to contact me directly. I'm happy to help.

Bernard Petrus Le Roux  

EuroSurge v3.0 Inputs Overview (Referring to the Image)

Key Input Settings:

  1. EuroSurge v3.0 Expert Advisor (EA) can be added to any chart and any timeframe—these choices do not impact its functionality. Once attached, the EA automatically initializes all timeframes and parameters specific to the symbol it’s running on. The info panel will display the symbols currently in use.
  2. Supported Currency PairsYou can customize the currency pairs by adding or removing them in the input field.
    • For example, if you only want to trade EURUSD, simply remove all other symbols from the input and leave only EURUSD.
  3. Risk ManagementThe default risk setting is Fixed Lots.
    • You can switch this to Percentage if that suits your trading style better.
  4. Max Simultaneous TradesThe default is 1, ensuring the EA operates in a FIFO-compliant way (First In, First Out).
    • You can increase this value or set it to 0 to remove the limit entirely, allowing multiple trades to open in the same direction. (Note: Hedging is not supported.)
  5. GMT OffsetAdjust this based on your broker’s time zone.
    • Examples:
      • For GMT+1 (e.g., broker time is GMT+1), set this to 1.
      • For GMT+3, set it to 3.
    • The default value is 2.

Important Note:

These are the only settings you should consider adjusting. All other parameters are hard-coded to simplify the interface, as the system incorporates over 70 strategies, which would otherwise require an overwhelming number of inputs.

EuroSurge MT5 v3.0 inputs overview
Nur Nutzer, die das Produkt gekauft oder gemietet haben, können Kommentare hinterlassen