Pattern Trader MT5
- Edgar Elsner
- Version: 1.20
- Aktualisiert: 7 Januar 2023
- Aktivierungen: 15
A really profitable working Expert is characterized by the fact that it is already stable profitable with just one single trade of constant lot size at market entry over a long term trading period with low risk because of defined tight stop loss. Furthermore, to maximize the profitability, it makes more sense to increase the lot size of that trade according to the current free margin instead of increasing the number of open trades as it is utilized in grid- and martingale-strategies. Even if a similar result is achieved as with single lot scaled trades, these strategies disguise the enormously higher risk of loss with only a similar profit compared to the single position lot-scaling strategy, up to the risk of heavy losses. Last but not least: The initially erroneous opening of the first trade is thus concealed.
For investment of only $30 for this Expert you might save hundreds of dollars or more in comparation to many other highly priced but less performing Experts that are offered in many markets.
According to the mentioned above this Harmonic Pattern based Expert Adviser offers very low risk, constantly growing profit and easy setup.
It opens two pending stop orders in opposite directions and closes the second pending order if the first have been sent to become market position. In case the Expert’s pattern became invalidated and no position was sent to market, those both pending orders become closed.
Utilizes no indicators, no grid, no martingale. Runs 24 hours activated at market.
Instrument: EURUSD at timeframe M15. Other instruments or timeframes are not recommended to run in unattended automatic mode!
Depending on the broker, results might differ from those are published here. Recommended are only ECN-Brokers with very well reputation and low spread as well as account leverage of 1:500.
Follow the link to features and settings here:
The back tests below show the results for fixed lot (risk = 0) and variable lot size (risk = 10%) on IC Markets SC RAW account.