Day Boss EA MT5
Day Boss EA MT5 is a fully automated Expert Advisor which trades based on important price level breakthrough strategy, using StopLoss, TakeProfit and Breakeven options. Based on the proper analysis of the currency pair behavior during the last month, the Expert Advisor calculates and sets for each order the values of TakeProfit, StopLoss and the profit level, reaching which the order should be moved to breakeven. The breakeven option can be disabled bu setting the parameter MovingInPlus=false. Depending on the mode selected in Dynamic_Lot, the EA can trade a fixed lot specified in Fix_Lot_Size, or apply dynamic lot calculation based in deposit value and the values of the Max_Risk and Lot_Balance parameters. When an important daily level is broken, the EA places an appropriate Buy or Sell order, and also sets StopLoss and TakeProfit. When the calculated profit level is reached, the order is moved to breakeven. The order is closed upon trend reversal or trend correction, or by TakeProfit or at the specified trading end time, or by StopLoss. The EA can trade at the specified time of the day. The default trading start time is 1:00 and end time is 22:00. If trading start time StartHour is set to 0, and trading end time StopHour is greater than 24, the time trading option is disabled. The EA can trade all Forex symbols, Metals, Indicatives on timeframes not higher than H1. It shows the best results on EURUSD with the timeframe M15. The Expert Advisor does not use martingale, grid or hedging, can be used for trading on instruments with three or five decimal places, no need for complex setup.
- Ready to go without any particular setup.
- It is possible to set the trading start and end time.
- Works best on EURUSD with the M15 timeframe.
- Can work with a dynamic and fixed lot.
- Minimum starting deposit is 500$ with the fixed lot of Fix_Lot_Size=0.1.
- StopLoss and TakeProfit are calculated and set by the EA or manually.
- You can set the maximal position holding time.
- You can also enable the breakeven option.
- Low trading drawdown.
- No elements of a risk strategy.
- No Martiginale.
- No hedging.
- No Grid.
- No complicated setup.
- Any execytion type supported.
- Trade - trade settings.
- Dynamic_Lot - used of dynamically calculated lot. The EA calculates the lot size depending on the free margin and maximum risk value Max_Risk.
- Fix_Lot_Size - fixed lot mode. Proper value is 0.1 for a deposit of 500$ and above when trading once currency pair.
- Max_Risk - maximum percent of deposit for calculating dynamic lot value. Recommended values are 10 to 40.
- Lot_Balance - lot value as % of deposit. Good values are 5 to 20.
- _StopLoss - the StopLoss value in pips. When 0, the value is calculated by the EA.
- _TakeProfit - the TakeProfit value in pips. When 0, the value is calculated by the EA.
- Trade_Buy - enable Buy trades.
- Trade_Sell -enable Sell trades.
- MovingInPlus - breakeven function.
- Time Trade - trading time settings.
- StartHour - trading start time, hour.
- StopHour - trading end time, hour.
- Max_Pos_Live - maximum position holding time for losing positions, hour. When 0 - not used.
- Recommended pair: EURUSD.
- Recommended timeframe: M15.