IndexLord EA MT5
- Experts
- Gregory Hay
- Version: 2.2
- Activations: 10
Welcome to IndexLORD EA MT5, a highly effective scalping system designed for the major indices (NASDAQ/DOW/SP500). Developed by quant team with over 20 years experience, this system is an aggressive and powerful trading machine.
IMPORTANT! You need back test sets from me to test, it DOES NOT BACK TEST in default. Each broker has different sets due to number of digits in the broker quote, (e.g we seen up to 4 variations of the DOW 30 can be showing as 38000, 38000.5, 38000.50 or 38000.500, the GMT setting and the contract size of the underlying index!
Index LORD is a specialist EA using index trading and needs finesse and professional input to ensure proper running!
After purchase contact me for me for manual and installation guide, also for sets if you use prop etc.
Live Performance Start €5K Account Trading Now €35K PROFIT++ : https://www.mql5.com/en/signals/2199855
Live Performance ICMarkets: https://www.mql5.com/en/signals/2212380
100k PROP Account Settings getting MASHED: Contact me for Performance
Index LORD is an index scalper using major indices. This majors run with good liquidity all day and low spreads and conditions. The system is a frequent trader with over 5 trades per day on average, more on volatile days and less on slower trading days. So, it is an exciting to monitor and watch with plenty of trading action taking place during the European and US sessions only. The system trades only between the hours of 830am EST to 5pm EST. All trades are closed off before the end of the US session if any are ongoing. Its does not trade asia session.
IndexLORD shows incredible backtesting agility and is congruent with forward live trading, demonstrating superb long term promise.
Index LORD works on 5 different charts. NASDAQ X 2 and DOW X 2, SP500 X 1. Time frames vary from the 1 min chart to the 5 min chart. Each trade is protected by 30-60 points stop loss. The system uses a trailing stop function activated from 5 points gain onwards. The settings has an increase lot factor should user wish to increase after loss, however it can be disabled. (i.e each trade will be same size as prior one)
Index LORD can have multiple trades open in same, especially closer to the market open as prices are rampant, and can trigger a trade on the 1-minute & 5-minute at the same time. The norm is 1 or 2 maximum open at one time, however it is technically possible to have 5 trades open at one time. (i.e 1 trade from each chart)
Index LORD uses candles as the mainstay indicator for entry. Indices are quite dependent on momentum and systems function well when they are tracking high volume, momentum moves. The system has predetermined candle sizes for entry and once this condition has been, (along with other internal driven mechanisms) a trade will open, the stop loss and take profit are placed instantly. The use of stop loss is particularly essential in trading indices as they can move fiercely against your trade in a short period, leaving the trader highly exposed without stop protection. Thus, although not to everyone's taste, its crucial for trading longevity to operate like this.
Using price action mechanisms for trading offer the trader completely different perspective over standard indicator based trading. Without market movement or thrusts, the system will be idle, ensuring a high win rate and not taking poor trading entries. The logic is sound for long term success.
Index LORD works best in ECN driven feeds, and direct market access brokers with low spreads in all indices and low slippage environments. More often than not, brokers are unpolished in the art of CFD trading, and the prices tend to be laggy, off quote, price smoothing or poor spread. However with the right broker, the system is explosive.
Works on Prop accounts with brokers offering good conditions on Index Trading.
Strategy Summary:
Minimum deposit : $100 if your broker offer 0.1 trading index lots (most do)
Time frame: 1 min, 5 min
Broker Offering : Any decent broker with good conditions in Indices (/fusion/IC/GMG/admiral/pepperstone/tickmill)
Account type: Low Spread with Commission. (RAW/RAZOR/ECN)
IMPORTANT: Make sure to check spread before using each pair, target NasDAQ is <1.0, DOW30 < 2.0
Account type: Hedging only (possible to have long /short same time in one instrument)
Trading Specifications:
Trades >5 time daily average
Entry - Open of new bar on 1 min/5 min candle
Exit - By Stop loss, or trailing stop loss.
Orders are cancelled or closed before 9pm UK time daily.
No daily rollover or overnight trades.
VPS not essential but recommended
Easy setup with only changes to lots / GMT clock if necessary. (and possible changes if broker uses non 6 digit quote)
Contact for set files for back-testing.
