ChronoBreak EA
- Experts
- Sylvain Christian Mercier
- Version: 1.10
- Updated: 27 January 2024
- Activations: 20
ChronoBreak EA - Mastering Time and Strategy on MT5
ChronoBreak EA represents an unprecedented innovation for MetaTrader 5 users, offering unmatched precision and strategic control over the temporal nuances of the financial markets. This advanced Expert Advisor is specifically designed for traders looking to customize their trading approach by meticulously adjusting the start time and selecting the ideal number of previous candles to define the most opportune trading range. With ChronoBreak, traders can move away from generic approaches and significantly increase their chances of success with a tailor-made strategy suited to each market situation.
Default Setting: Optimized for GBP/USD in M15 (broker: ICMarkets)
Key Features and Settings:
- Magic Number: A unique identifier used to distinguish orders executed by this EA from those by other EAs or manual operations. It allows for specific management of open positions and orders.
- EnableMultiplierElseTPAndSLSet: Activates a multiplier to automatically adjust the levels of Take Profit (TP) and Stop Loss (SL) based on market conditions, or to set them to specific values.
- MultiplierForTP-SL: Determines how many times the TP and SL levels will be adjusted relative to the initial setup.
- SL in Points if Fixed & TP in Points if Fixed: Sets the Stop Loss and Take Profit levels in points if a fixed value is preferred over a multiplier.
- TriggerTrailingSL & SpaceBetweenTrailingStopAndPrice: Activation threshold and maintained distance for the Trailing Stop Loss, securing profits while allowing the price to fluctuate.
- MaxRiskPercent: The maximum percentage of the capital to risk on a single trade, crucial for effective risk management.
Risk Management and Time Filtering:
- EnableDrawdownForOneMonth/Day & MaxAllowedDrawdownPercent: Monitoring and control of the maximum allowed drawdown over periods of one month and one day to limit losses.
- HourBeginSessionGMT & HourEndSessionGMT: Setting the start and end times of trading sessions in GMT, optimizing active time windows.
Analysis and Adaptation:
- TimeFrame, NBCandleBefore/After & TolerancePoints: Selection of the time unit, number of candles to analyze before and after a trading operation, and the accepted margin of error in data analysis for a refined strategy.
- EnableRangeMinimumDistance & RangeMinimumDistanceInPoints: Activation and definition of a minimum price fluctuation distance before executing a trading operation, aiming to filter minor price movements.
Optimization for Each Asset in Real Ticks: To ensure that ChronoBreak EA delivers optimal performance, it is essential to specifically optimize it for each asset, using real tick data. This approach allows for fine-tuning the EA's parameters to perfectly match the characteristics and volatility of each market.
Conclusion: As a bonus, ChronoBreak EA is regularly updated with new configuration files (.set) to best capitalize on emerging trends and optimize trading performance. ChronoBreak EA is the ideal tool for traders looking to master time and space on MT5, combining unparalleled customization and an advanced breakout strategy for effective exploitation of the financial markets.