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Relax EA MT5

5

Live monitoring signal

NOTE: This is for monitoring only, do not subscribe to signal!

This EA trade in a very delicate way during very delicate time, be smart and don’t use copy signals service. Discrepancies in quotations, spreads, trading hours and delay in copying trades will make almost impossible to have same results. To have same results buy EA and use this broker with a raw spread (ECN) account.

Relax EA open trades at the end of Friday trading session looking for specific patterns, volatility and momentum on several timeframes: main idea is to catch quickly and predictable movement during the lowest volatility period, that will bring trades into profit very quickly: if trades cannot be closed before the weekend closure of the market, there are high possibilities that there will be a weekly gap in trade's favour.

It consists in different strategies that are automatically handled from a single EA instance to provide best possible diversification. All mathematical calculations are done focusing especially in statistical edges and stable growth, not only on profit.

No more than 1 trade for each strategy, no grid and no martingale: all trades have hidden SL and TP. Average holding time for positions of few hours.

This EA trades all 28 majors and minors forex pairs based on the 8 most important currencies (EUR, USD, GBP, CHF, JPY, AUD, CAD, NZD). Tests provide good results also on exotic pairs but due to higher spreads and also lower volatility I preferred to not focus on them.

It’s possible to trade all pairs from a single chart or to place an EA on each pair chart to let it working by tick and not by timer. (Most of time this latest it’s the preferred option for scalping systems, anyway all tests based in both modes provide very similar results. Timer of calculations happens 4 times in a second, a long way more than ticks speed during its trading session).


Input parameter

Description
Magic number Base ID number of trades opened by EA (EA uses multiple magic numbers, one for each strategy, adding strategy number to this ID).
Symbols Symbols on which EA will work on (empty = only current chart symbol).
Symbols to exclude Symbols to exclude from opening trades (comma separated, you can also enter currencies only, for example GBP,JPY to avoid all GPB and JPY pairs trades).
Lots Lot size for each trade (0 = use dynamic calculation).
Risk factor If lot size = 0, then specify risk factor for each trade.


Reviews 3
EakasitL
36
EakasitL 2022.06.28 03:10 
 

So far so good. I've been running the EA for only two weeks, so I can't comment on its long-term profitability yet. What I can say, however, is that the author is genuine and cares about his customers. When I had a technical issue, he promptly helped to resolve it within an hour. I highly recommend this author.

Maurizio Francia
245
Maurizio Francia 2021.03.16 11:31 
 

Solid strategies that keep making interesting profit. Thanks

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RSI Currencies is an indicator that is based on the RSI concept but with a totally different approach. It calculates its values calculating all RSI values of all pairs related to the same currency and making an average between them: the goal is to obtain a more solid and trustable information about what each currency are doing lowering the impact of market noise and extreme euphory on a particular pair to analyze the whole basket. It works on 28 forex majors and minor pairs related to these curr
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This is a usefull utility for monitoring spread and also for recording informations to a file. (Files will be placed into "Common\Files\Spread Monitor"). There is the possibility to let the indicator calculate high/low into the past thanks to downloading ticks. (It's a slow and approsimate thing! The best way to use it is to attach to a chart and let it recording spread in real time). There is also a buffer with the average of spread in latest X periods. Easy and effective.
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OnBoard stats
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Forex Meter Oscillator
Fabio Cavalloni
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Forex Meter Oscillator is an indicator that can give a whole view of forex market from a single chart, measuring currency strenghts among 28 forex pairs (majors and minors). The "oscillator" word is very meaningful: it normalizes currency strenghts in order to provide values in a predefined range (from -1 to 1). What are normalization's advantages? It's so simple, values will always be in a pre-defined range that reflect exactly the current value compared to the last N values. In this way you
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EakasitL
36
EakasitL 2022.06.28 03:10 
 

So far so good. I've been running the EA for only two weeks, so I can't comment on its long-term profitability yet. What I can say, however, is that the author is genuine and cares about his customers. When I had a technical issue, he promptly helped to resolve it within an hour. I highly recommend this author.

MaxGKX
57
MaxGKX 2022.02.22 04:20 
 

User didn't leave any comment to the rating

Maurizio Francia
245
Maurizio Francia 2021.03.16 11:31 
 

Solid strategies that keep making interesting profit. Thanks

Reply to review
Version 1.31 2022.09.08
- Put the 'Symbols' variable visible again, to allow single symbol backtest (Leaving that variable empty).
Version 1.3 2022.08.30
- Added symbols prefix/suffix
- Added "Hard stop loss" functionality (0=not used)
Version 1.2 2022.02.10
Bugfixes and additional checks to avoid initialization problems
Version 1.1 2021.02.23
Bugfixes and improovements