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KT Inside Bar Hunter MT5

Despite the popularity of inside bar pattern among traders, using it as a standalone entry signal doesn't provide any evidentiary advantage. KT Inside Bar Hunter trades only selected inside bar patterns using some preassessment and ECE price action cycle.


Trading Strategy

On successful detection of the required pattern, EA places a pending order in the direction of the forecasted price expansion phase. Pending orders are canceled if they are not triggered within the next bar.

Once triggered, active positions are only closed at stop-loss or take-profit. KT Inside Bar Hunter doesn't use any other exit techniques for the active running positions.

Points to remember

  • Recommended Pairs: EURUSD, AUDUSD, EURCAD, EURJPY, GBPUSD, USDCAD and USDJPY.
  • Recommended Time Frame: M30
  • MT5 version can trade all recommended pairs from a single chart. For the MT4 version, you have to load the ea on each pair separately.
  • The EA doesn't trade frequently. You can expect to have around 6-8 trades per month.
  • The active positions are closed only at the stop-loss or take-profit. No other exit techniques are used.


What is the ECE cycle?

In financial markets, the price never moves in a straight line but up and down cycles of several durations. It generally moves through a phase of expansion-contraction-expansion periods of different intensity.

When an inside bar pattern occurs during the contraction phase aligned in the direction of the trend, it provides an edge which can be exploited by a pending order entry.

Features

  • Throws out the useless and trade only selected inside bar patterns that actually have some quantified edge in the market.
  • Multi-Currency Trading - It can trade up to 7 currency pairs from a single chart (MT5 version only).
  • Incorporated a complex trading strategy with minimal and straightforward input parameters for the user.

Input Parameters

  • Lot Size Method:  Fixed Lot Sizing/Auto Lot Sizing
  • Risk per trade:  Risk percentage on each trade. 
  • Stop-loss Method:  None / Volatility / Pips
  • Take-profit Method:  None / Volatility / Pips
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Why do most EAs not work? Most expert advisors are built on temporary statistical advantages that eventually get exhausted. The problem of over-optimization Another common dilemma lies in the over-optimization of parameters. Many developers fall into the trap of tuning their EAs to achieve perfect results in the past, without understanding that this perfection will not work in the future market. Retail traders do not have access to good conditions Furthermore, everything is built to make
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Gold Trade Pro MT5
Profalgo Limited
4.68 (19)
Launch promo! Only a few copies left at 449$! Next price: 599$ Final price: 999$ Get 1 EA for free (for 2 trade accounts) -> contact me after purchase Ultimate Combo Deal   ->   click here Live signal:   https://www.mql5.com/en/market/product/102746#!tab=comments&page=3&comment=52147859 New live signal:   https://www.mql5.com/en/signals/2084890 Live Signal Set Prop Firm Set File JOIN PUBLIC GROUP:   Click here Parameter overview Gold Trade Pro joins the club of Gold trading EA's, but with o
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Turbo TS
Vladimir Mametov
4.5 (6)
Turbo trading system was created for trading the EURUSD currency pair. Orders are closed using trailing, take profit and stop loss. The advisor has 14 strategies, the parameters of which can be changed in the input parameters. To reduce risks, it is possible to use a news filter (MQL5.com calendar). The advisor takes news from the terminal, so it does not need links to external resources or time zone settings. Now the advisor is on sale with a 50% discount. Advantages: The advisor does not ha
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Dark Algo MT5
Marco Solito
5 (38)
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for   Scalping   Trading on   Eurusd . This Expert Advisor is based on the latest generation of   algorithm  and is highly customizable to suit your trading needs. If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated   algorithm  that allows it to   identify   and   follow m
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KT MACD Divergence shows the regular and hidden divergences build between the price and oscillator. If your trading strategy anticipates the trend reversal, you can include the MACD regular divergence to speculate the potential turning points. And if your trading strategy based on the trend continuation, MACD hidden divergence would be a good fit. Limitations of KT MACD Divergence Using the macd divergence as a standalone entry signal can be a risky affair. Every divergence can't be interpr
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