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Bazava MT5

Bazava is a fully automated trading system on NZDUSD M5. It uses a proprietary price action strategy to identify only the safest entry points. 

Trading occurs mostly during periods of the calm market as the EA combines price action with volatility filtering to guide you on the right side of the market.

You can limit max. position holding time using the TradeDuration parameter. See screenshots

Features

  • Stable growth curve as a result of a high percentage of winning trades
  • Stress-tested on all available history
  • Not sensitive to spread, commission, or account type
  • Automatic adjustment to the 4 and 5 digit quotes
  • Automatic GMT adjustment
  • The minimum deposit is 50 USD
  • System is FIFO compliant
  • Easy setup and use

No martingale, grid or hedging is used. 1 signal = 1 trade.


Timeframe: M5
Currency pair: NZDUSD

The EA only trades once a day
, and if there is an open position, then other signals will be ignored. So the first trade may differ if the EA is installed at different times on different accounts.

For example, if you run the EA at a time when my signal has an open trade, then on your account the robot may open a different trade that will not be opened on my signal account, because the EA already traded there today.

If you want the first trade to be the same as on my signal account, I recommend installing the EA after 18h GMT provided that there is no open position on my signal account.

Live signal: https://www.mql5.com/en/signals/608712

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 maximum allowed lot size if you don't want the lot size ever to exceed this value
  • EquityStopLoss% - the EA will close all open positions when account equity falls below the specified percentage of the account balance
  • MaxNumberOpenPosition - if the maximum number of open positions exceeds this value, then the EA will not open a new trade. This option works as a filter. Set it to 0 if you want disable this feature.
  • 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 settings
  • 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:/ /www.worldtimeserver. com (delete spaces!).
  • GMT_Offset(winter)_Manual - set your broker's time zone (in winter)
  • DaylightSavingTime_Manual - if your broker uses daylight saving time, set this to true and EA will automatically adjust itself
Main settings
  • EnableTrendFilter - set to true if you want to avoid risky trades during periods of trending markets
  • 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
  • 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
Remember! Past performance is no guarantee of future profitability due to the Non-Stationary nature of the market

Recommendations

  • It is recommended to use default values for all parameters (except GMT offset if your broker uses different time zone) if you don't know exactly what are you doing. 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!

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    Version 2.35 2021.01.11
    - Updated built-in news database.
    - Fixed small bugs.
    Version 2.28 2020.08.14
    Bug-fix release
    Version 2.27 2020.07.26
    - Added new parameter: Margin%ForAutoLot - % of free margin that is used to open a trade.
    - Added new parameter: MarginSoftStop% - the EA will not open new trades if Margin level falls below the specified percentage.
    - Added new parameter: BreakEvenBars - the EA will move Take Profit to Breakeven when the specified number of bars expires.
    - Added new parameter: CustomOptCriterion - allows you to select custom metrics for optimization.
    - Updated built-in news database.
    - Improved Info Panel.
    Version 2.14 2020.04.23
    - Updated a built-in news database.
    - Improved Info Panel.
    - Fixed small bugs.
    Version 2.11 2020.03.03
    Optional update

    Added News Filter:

    - 'EnableNewsFilter' - enable/disable the news filter;
    - 'Currencies' - specify symbols to download news events (separated by a comma, for example, USD,NZD). If empty, the EA will use the current symbols.
    - 'PauseBeforeNews' - number of minutes before a news release, when trading will be disabled.
    - 'PauseAfterNews' - number of minutes, after a news release, when trading will be enabled.
    - Added a built-in news database. It includes about 3.000 high impact events (since 2010) for NZD, USD symbols and allows using the News filter to backtest strategies.

    *The news filter will disallow opening new trades only during high impact news events like NFP and FOMC.
    **Remember to allow requests to 'http://ec.forexprostools.com' (Tools -> Options -> Expert Advisors -> Allow WebRequests for listed URL).

    - Fixed minor bugs.
    Version 1.42 2020.02.05
    - TP/SL order placement bug fixed
    Version 1.41 2020.02.04
    Optional update

    - Added new parameter: PauseBetweenAdditionalTrades - trading pause that is initialized after closing/opening a trade if 'AllowOpeningAdditionalTrades' is enabled
    - Added new parameter: MinDistanceForAdditionalTrades - minimum distance in pips from the first/last trade before to open a new additional trade.
    - Added new parameter: HideInfoPanel - option to hide the info panel to save VPS resources and space on screen.

    - Fixed bugs.
    Version 1.38 2020.01.06
    - Added a new parameter - ShutDown. Set it to true if you don’t want to trade after the current position is closed. It can be turned on or off at any time.
    - Improved Info Panel.
    - Fixed small bugs.
    Version 1.36 2019.12.17
    Optional update

    - Added new parameters:
    - 'BreakEvenPips' - profit in pips at which the EA automatically moves stop-loss to break even.
    - 'DisableHolidays' - allows you to turn trading off for a specified number of days before/after the New Year.