Free version of the BreakLevels MT5 Expert Advisor.
Trading is performed using pending orders based on breakout of price levels, where the price had slowed down during the recent time periods.
It always places StopLoss.
"Dangerous" strategies are not used.
Differences from full version:
Opens only SELL positions.
Trades with 0.01 lot only.
Broker and deposit
Any 5-digit broker with low spreads and fast execution is suitable for trading.
Type of MetaTrader 5 trading account - "any".
Minimum recommended deposit is $50.
Currency pairs and timeframe
Trading on EURUSD, GBPUSD, USDJPY, USDCAD or on any currency pair with small spread is recommended.
The used timeframe is H1.
Terminal - MetaTrader 5.
- EAMagic - magic number of the EA, which allows it to distinguish its orders.
- TrailingStop - trailing stop in points;
- StopLoss - stop loss in points;
- Delta - indent from important price level for pending orders;
- CommissionFor1Lot - broker commission for 1 lot, in the deposit currency. If your account does not have a commission, set to "0".
- StartHour - trading start time;
- EndHour - trading end time. All current pending orders are deleted;
- SummerAdjustment - adjustment for daylight saving time.
Recommended settings are set by default.
By default, the StartHour and EndHour parameters are set for the terminal time zone GMT+2. If necessary, set these parameters according to the time zone of your terminal.
I will be happy to answer any questions you may have.
Have a successful trading.