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Bar Mode MT5

VERSION 2.0 IS NOW LIVE!


MT4 Version here: https://www.mql5.com/en/market/product/56543

You can use or backtest using the default settings on a EURUSD chart using H4 timeframe. You can find more set files here.

All set files are optimized from 01-01-2019 to date. 


An automated system that uses bar opening and closings to consider opening or closing trades. It uses a special algorithm to increase profits per trade and it uses grid to recover losing trades.

Does not work on Netting accounts.


For monitoring signals please visit my profile:

https://www.mql5.com/en/signals/author/readytogolive

Minimum funds is $250 and a broker with 1:500 leverage recommended. 


  Recommended broker

  Raw Spread account, USD, 1:500 leverage

  Set Files here
   


HOW TO BACKTEST

  • 2 years should give you a good idea on what to expect, however you can optimize it for a longer period if you wish.

  • Make sure you have enough tick data for 2 years. If not, download the tick data from Meta Trader servers.  Go to Tools->History Center-> Click on EURUSD M5 and click Download.

  • If you are back testing with default settings please make sure you use the EURUSD symbol and  H4 timeframe.

  • Select spread as '2' on Strategy Tester. 

  • Remember, the set files are optimized for 01-01-2019 to 22-02-2021 (2 years+). So, either back test for the last 2 years or optimize it for more than 2 years.


EA Parameters:

Do not open new trades: If -for any reason- you would like the EA to stop opening new trades, set this option as 'True'. It will continue managing existing trades (closing them with tpl/sl) but it will not add any new trades. 

Trade direction: If -for any reason- you want the EA just consider buying or just selling, change this as required. Otherwise keep it as 'Buy and sell'.

Number of bars, Number of opposite bars, Opposite bar position : The strategy works based on how bars open and close. These are where we set the values.

Minimum movement in pips: To avoid trading in very slow markets the EA will check minimum movement to consider opening a trade.

Maximum Spread(in pips): If the current spread is above this value, it does not open a new order.

Magic Number: If you are using this EA on multiple charts, make sure the Magic Number is different on each of them.

Comment: Comment you wish to see on the trade. If you are using the EA on multiple charts make sure to change the comment to something you can recognize. 

Auto Lot Per 1000: Enter here the lot size you wish the EA to open per $/£/Eur 1000. 

Auto lot TP (% from balance): EA takes profit when the difference between the last and the first order reaches this percentage.

Stop Loss: You can set a stop loss in percentage using this section. 

Close all trades if the global DD reaches(%): Global drawdown is the DD on your terminal, not necessarily only the trades opened by this EA.

Stop trading if the global DD reaches(%): If the drawdown on your terminal exceeds the defined value, it will stop opening new trades until drawdown improves.

Grid type:  Incremental: 0.01, 0.02, 0.03 etc, Fixed: 0.01, 0,01, 0,01, 0,01..etc..

Repeat trade when loss reaches, Number of closed bars : Set here when you would like to add a new trade.

Close all positions every time the equity goes down by %: Depending on your risk appetite you can choose to close all trades when there is a certain % of DD

Repeat trade when loss reaches multiples of (points): You can set here when you expect an additional trade to be opened when a trade goes in loss.

Level Limit per Magic Number: Maximum number of trades that can be opened per pair.

Recover mode starts on level: When there are this many trades open, it will start the recovery mode to close trades in break even instead of trying to turn profit. 

Trading starts/Trading ends: Time settings

Friday Settings: If activated, the EA can close all trades at a specific time on Fridays to avoid leaving trades open during the weekend.

Show panel: If you are using the EA on many charts, disable the panel to improve performance.


PLEASE NOTE THAT MARKETS CHANGE ALL THE TIME AND PAST PERFORMANCE IS NOT INDICATION OF FUTURE PERFORMANCE.  USE THIS EA AT YOUR OWN RISK AND TRADE RESPONSIBLY. 



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The MT4 version of the expert Advisor is here -  https://www.mql5.com/en/market/product/49187 (In MT5 and MT4 versions, there may be slight differences due to the implementation of the code on MT5) ------------------------------------------------------------------------------------------------------------------------------------------------------------- I recommend testing on a broker like my report (IC Market. s).  (ECN account (Raw spread/Razor etc.)) The period for testing with 100% quality
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GerFX Density Scalper MT5
GerFX Density Scalper MT5
Exler Consulting GmbH
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Not a scam
Not a scam
Maxim Dmitrievsky
Let's be honest. Do you still believe in beautiful pictures from the strategy tester and are you ready to buy a pig in a poke for a lot of money? Then this robot is not for you. You still expect hundreds and thousands of percent of profit per month, and that the broker will allow you to withdraw such huge amounts monthly? You are still naive. Are you hypnotized by words like "NOT grid, NOT martingale, tested on REAL ticks"? There will be no meaningless slogans. Are you attracted to products wit
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EA Smoke MT5
EA Smoke MT5
Vitali Vasilenka
Anger conquers fear p.s Thomas Shelby    LAST 3 OUT OF 10 COPIES AT   $149   Next price will be $449. The Expert Advisor is based on the second indicator of trend determination with modification of control of transactions The EA independently determines the direction of the trend   The Expert Advisor DOES NOT use: ️   NOT Grid ️   NOT Doubling ️   NOT Martingale ️   NOT Averaging   Recommended pairs for trading Working pairs USDCAD, EURCHF, EURUSD, USDCHF, EURAUD,
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GOLD EAgle mt5
GOLD EAgle mt5
Evgenii Aksenov
The Gold EAgle is designed specifically for trading on gold  is used    TrendLine PRO  indicator signals and grid strategy.  The mathematical grid strategy allows you to optimize trading by opening a new orders to average profits so that a series of orders is closed consistently with a profit. The EA has a mobile trading panel for managing auto-trading functions and the ability to open trades manually. All trades opened by the trader in manual mode will be closed with a profit using the DD Redu
149 USD
Klondike EA MT5
Klondike EA MT5
Dmitrii Golubev
ONLY 1 COPIES OUT OF 10 LEFT AT $499 The most reliable and secure gold adviser. Still in doubt to buy it or not? Then just have a look at the live signals of Klondike expert Advisor. If this did not help, just text to the people who left reviews, find out from them about trading, maybe then you will stop wasting your time fearing scammers at every corner   Next price $599  ====> Live Signal Conservative Risk:  https://www.mql5.com/en/signals/954865  ====> Live Signal Aggressive Ri
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Stock Trader Pro MT5
Stock Trader Pro MT5
Ivan Pochta
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Future Scalper MT5
Future Scalper MT5
Karolis Vaicekauskas
Future Scalper MT5 robot is fully automated scalper. No need for additional skills of trading to use this robot, so everyone will know how to use this robot, because robot already has settings for trading, also robot has clear input menu. This robot is based on Bollinger bands and Envelopes indicators. Robot trades at night when market is more flat. In this way, there is less risk to get trade during big movements. The robot doesn't use any risky strategy elements for trading, so your deposit is
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BlackQueen
BlackQueen
Mikhail Sergeev
Easy start: Everything is already set up. The minimum deposit is $ 50. User-friendly interface. BlackQueen   is a fully automatic, professional trading system. Stable entry points based on global price movements. Multi-currency trading, the ability to choose a strategy, unlimited customization potential for any trading tools. ️  The Expert Advisor implements 3 trading modes  ️ Auto - 7 pairs:   Multi-currency trading from one chart, using 7 currency pairs. No configuration required. Thi
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Naragot Portfolio MT5
Naragot Portfolio MT5
Alexander Mordashov
One-time flash SALE promo: only 10 copies available at $299! 5 copies left   out of 10 Next price --> $399, after the sale price will return to $499 This EA is a professional portfolio of trend-following multicurrency trading systems based on principles of volatility breakout and breakouts of support/resistance levels. Consists of 7 strategies chosen from a pool of many other which I trade myself   for a long time on real accounts with significant money on them MT4 version : https://www.mql5.co
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Joker EA mt5
Joker EA mt5
Evgenii Aksenov
Only 9 copies left for $299. Next prise is $399 I'm Evgeny Aksenov, I have been a developer of indicators, EAs and utilities for Meta Trader 4 and 5 since 2004 Based on my experience I can say that the concept of successful trading is mathematical predictability of trading results Too complicated trading robots don't guarantee better reliability, as they have lots of parameters affecting trading at a given time, which makes it difficult for most traders to understand and sett up these robots
299 USD
EA Golden Elephant MT5
EA Golden Elephant MT5
Vitali Vasilenka
Anger conquers fear from Thomas Shelby   LAST 2 OUT OF 10 COPIES AT $ 149 PRICE. The next price will be $ 249   The Expert Advisor cannot be tested on history due to the complex algorithm of actions for calculating volumes The intelligent algorithm of EA Golden Elephant  accurately determines the trend for the XAUUSD (Gold) trading pair, filters out market noise and generates entry and exit signals.  The Expert Advisor has aggressive management and trading methods, which allows you to g
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EurUsd Trend Hunter
EurUsd Trend Hunter
Salvatore Caligiuri
V6.1 Changelog: - As requested, strategy parameters are customable again - All automatic settings has been removed, now the expert is fully customable - Activated Fast recovery function - Small code errors solved Read carefully description and blog page for all details. Please report any bug at info@qfxteam.com Performance monitoring: MQL5 Signals:  click here Running on: Roboforex ECN account - MQL5 Vps with this  set file:  click here IMPORTANT: before buy, read CA
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GridMartin Conqueror MT5
GridMartin Conqueror MT5
Konstantin Kulikov
The best sets for currency pairs: GBPUSD, GBPCAD, EURJPY (timeframe М1). Download sets in comment   #5:  https://www.mql5.com/en/market/product/64329#!tab=comments&page=1&comment=22166007 Monitoring:  https://www.mql5.com/en/signals/author/test-standart   Pay attention to the useful information in my profile:   https://www.mql5.com/en/users/test-standart Version for MT4:  https://www.mql5.com/en/market/product/32758 Highlights to pay attention to During live operation of the expert the GM
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True Range Pro MT5
True Range Pro MT5
Smart Forex Lab.
SALE 40% OFF ROI #1 in ZuluTrade TOP   Accurate Night/Intraday Scalping & Smart Grid System Expected perfomance 5-10% / mo (eurusd M5) 20-40% / mo (gbpusd M1) Features 100% automated trades Hard stoploss for every position Dynamic basket takeprofit High spread protection Fixed & Auto volume Optimized in 2016-2020 ( Weltrade  100% history quality) Backtesed in 2010-2020  ( Weltrade  100% history quality) True Range Pro MT4 >>  https://www.mql5.com/en/market/product/54575 Set fi
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Three in One
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Petros Shatakhtsyan
"Three in One" is a multifunctional trading robot for MT5, with automatic parameter settings ( Netting and Hedging ).  For MT4:   https://www.mql5.com/ru/market/product/36687 It is designed for both professionals and beginners. The program works in 3 modes: Robot , Advisor , Indicator . 1. Robot - works fully automatically, without intervention   (  Automatic  mode ) 2. Advisor - it tells you when and what operation to do, using the SELL, BUY and CLOSE buttons. ( Manual mode ) 3. Indicator for m
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Version 2.0 2021.02.23
Please note that this is a major update and you cannot use the new version with the old set files. Before you upgrade to the new version please make sure that you do not have any open trades, and use the new set files.

Glitches on multiple chart operations fixed. You can now use the EA with as many pairs as you wish.
Majority of the EA codes have been re-written to make it work faster and more stable
A new panel has been added
New Stop Loss functionalities are added.
Trading times added
Version 1.1 2020.11.22
- Removed the multi-currency feature on the same chart to improve the backtests. You can still use the EA with multiple pairs but you need to install it on each cart separately now.
- Added a new exit strategy and created new set files that are much more profitable on backtests than the previous version.
- Removed some settings that are no longer required.
- Added an option to close all trades at a certain time on Fridays to avoid leaving trades open during the weekends. This feature can be enabled and disabled from the settings section.