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Damascus Dagger

30 USD

Demo downloaded: 405

Published: 16 March 2018

Current version: 2.0

Damascus Dagger

Name: Damascus Dagger
Price: 30.00 USD
Rating: 3 (1 reviews)
Author: Yu Pang Chan

Experts
Yu Pang Chan
Yu Pang Chan
Head of Quant Research at Forex Forest

Hong Kong

1221
3 (1)
3 products 7 topics 36 comments
Version: 2.0
Updated: 19 April 2018
Activations: 20

This Expert Advisor uses scalping as its main strategy based on a statistical model called Bollinger Band. It embedded with two exit market strategies called 1st and 2nd dagger. The 1st dagger exits on the mid line of the band and the 2nd dagger exits by trailing until the maximum profit. It is recommended to use both strategies to lower the risk since it would split the lot into half for each dagger.

Recommended: M5/M15, EURAUD/GBPAUD, ECN account

Please add the news link (http://ec.forexprostools.com) on Expert Advisor tab.

Please be aware that this is a broker-sensitive EA.

Parameters

Magic Number - order identity
Lot Size - fixed lot, use 0 for auto lot
Auto Lot Size % - risk as a percentage of account balance
TP - take profit value in pips
SL - stop loss value in pips
Min Profit - only take profit after some dollar amount (for 1st dagger)
TSL Start - trailing stop loss in pips (for 2nd dagger)
TSL Distance - trailing distance in pips (for 2nd dagger)
Dagger Mode - choose to use 1st or 2nd or both strategies

Dual Wielding - both strategies
Only 1st Dagger - TP if hitting the mid line
Only 2nd Dagger - TP through trailing

Auto SL - in-built stop loss strategy (for 1st dagger)
Auto TP - in-built take profit strategy (for both daggers)
Auto TSL - in-built trailing stop loss strategy (for 2nd dagger)
Max Spread - maximum acceptable spread in pips on trade
Max Slippage - maximum acceptable slippage in pips on trade
Pause for x mins if SL - pause if recent (in mins) loss trades found
Start Time - time to start trading, please ignore the date
End Time - time to stop trading, please ignore the date
Close Time - time to close all trades, please ignore the date
Close All on Close Time - allow close all if time is met
Trade Xxxday - allow trading for those days
GMT Offset - the GMT offset for news filter only
News Source - choice of the news source
Low/Mid/High/Non-Farm Importance - switch for filter those news or not
Low/Mid/High/Non-Farm (Pause x mins before/after) - control for pausing time during news
Draw News Lines - switch if drawing vertical news lines on chart
Show Panel - show the basic information on the current status
Show Debug Info - show information for developer/debug
Enable Logging - show logs for debug

more...

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Edward Febbraio 2018.06.25 08:42 #

15/04/2018: So far so good! Running on my live account with ICMarkets for about 10 days now. In this time I've seen about 5% account growth with negligible drawdowns (under 3%). Still very early days, but so far a full 5 starts from me. Oh and Yu Pang Chan is a brilliant author, answering all questions very quickly, also giving advice in a very clear and friendly manner. Wish more were like him here on MQL5. Anyhow, Ill leave weekly updates as to the progress of the EA, but as of now I'm very happy with it!

25/06/2018: Unfortunately the EA is not doing as great as expected. On the whole it sits mostly at breakeven at best. I am still running it though as it may just be a bad time for it at the moment. The author is still awesome, therefore 3 stars :D

Andy_Ho 2018.05.22 17:47 #

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306

Hiu Fung Gilbert Lo 2018.04.22 13:38 #

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