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Blazar

Blazar is a fully automated trading system on the most popular major currency pairs: EURUSD, GBPUSD, USDJPY M5. It's pure Price Action mean reversal system that exploits peakedness of market distribution to safely identify trend reversals

Every trade is protected by Stop-Loss

The EA can work in 2 modes:

  • Normal Mode - trading classics: 1 signal = 1 trade. No martingale, grid or hedging is used
  • Recovery Mode - the EA will recover faster during drawdowns using several averaging trades, which gives more comfortable growth curve
Both modes are FIFO compliant

    Features

    • Stable growth curve as a result of a high percentage of winning trades
    • Stress-tested on all available history, six-month live signal
    • Not sensitive to spread, commission, or account type
    • Automatic adjustment to the 4 and 5 digit quotes
    • Automatic GMT adjustment
    • The minimum deposit: $50 for Normal Mode and $300 for Recovery Mode
    • Easy setup and use

    Timeframe: M5
    Currency pairs: EURUSD (default settings), GBPUSD, USDJPY.
    Set-files can be found here: https://www.mql5.com/en/market/product/37795


    Live signals:


    Input Parameters

    • StartLotSize - proportional lot size if EnableAutoLot is set to true and fixed lot size in case EnableAutoLot is set to false
    • EnableAutoLot - trading lot will increase with an increase in your account's balance
    • FundsForAutoLot - here you can set the amount of balance to be used for every StartLotSize if EnableAutoLot is set to true. E.g. FundsForAutoLot=1000 and StartLotSize=0.05 means that for every $1000 there will be 0.05 lots opened (0.5 for $10000 and so on)
    • MaxLotSize - set the max. allowed lot size if you don't want the lot size ever to exceed this value
    • SpreadFilterPips - if the spread is bigger than the value specified here, the trade won't be opened
    • MaxSlippagePips - works only for Instant live accounts (not ECN). Set here what maximum slippage you can take on your Instant account
    • GMT/DST_Offset_Auto - if true, the EA will try to find the correct GMT offset of your broker automatically. You must allow requests to https://time.is/en/GMT and https://www.worldtimeserver.com (Tools -> Options -> Expert Advisors -> Allow WebRequests for listed URL).
    • GMT_Offset(winter)_Manual - set your broker's time zone (in winter)
    • DaylightSavingTime_Manual - if your broker uses daylight saving time, set this to Europe or US and EA will automatically adjust itself
    • HourToStart - hour of the day at which Blazar will start to look for trading opportunities
    • HourToStop - hour at which Blazar will stop to look for trading opportunities
    • DaysOfWeek - day of the week at which Blazar will be allowed to trade, without commas. E.g. 234 means 2nd, 3rd and 4th days of the week
    • DisableHolidays - not to trade during New Year holidays
    • PriceChannelPeriod - period of the channel used to analyse the market
    • EnableTrendFilter - set to true if you want to avoid risky trades during periods of trending markets
    • TrendFilterPeriod - period of the trend filter used by Blazar
    • EnableVolatilityFilter - set to true if you want to avoid risky trades during periods of high volatility
    • OrderTakeProfitPips - the size of Take Profit in pips (1 pip = 10 points)
    • OrderStopLossPips - the size of Stop Loss in pips (1 pip = 10 points)
    • EnableTradeDuration - set to true if you want to limit position holding time
    • TradeDuration - set the maximum position holding time, in bars
    • AvgMaxTrades - maximum  number of averaging trades
    • AvgMultiplier - averaging coefficient
    • AvgStepPips - step in pips between averaging trades
    • AvgCustomSettings - custom averaging coefficients, separated by commas
    • BasicMagicNumber - add Magic number to trace trades you made with this EA. It must be less than 99999
    • TradeComment - add any comments to your trades

    Recommendations

    • It is recommended to use default values for all parameters (except GMT offset if your broker uses different time zone). Test any changes thoroughly before running EA on a live account.
    • Note that SpreadFilterPips and MaxSlippagePips parameters are execution dependent and might lead the system to skip trades that were seen on tests.


    Notes

    • Not required to activate 'Allow DLL Imports'


    Try the demo now!


    No reviews
    Version 1.20 2019.10.15
    - Added a new parameter: EquityStopLoss% - the EA will close all open positions when account equity falls to the specified percentage of the account balance.
    - Added a new parameter: MaxNumberOpenPosition - if the maximum number of open positions exceeds this value, then the EA will not open the initial order.
    - Added display of arrows and lines when trades open and close.
    - Fixed bugs.