Procyon EA

4

Procyon is an automated Expert Advisor that uses the combination of the Ichimoku Kinko Hyo, Candle Patterns and a relatively new Reflex Indicators to identify Spinning Top Candles in Bullish or Bearish patterns.  The EA has a hard, fixed Stop Loss and Take Profit.  Even though the win rate is a little more than 50 percent, the SL is about half of the TP.  So, you will have trades float in high positive sometimes.  Recommended pairs and time frames are located in the Comment section.     

Procyon is not overly sensitive to spreads or latency speed with Broker in order to execute trades.  However, the tighter the spread and fastest ping is obviously better.  Back Test results were from worse case of up to 20 spread (variable), up to 5 slippage and 100ms Latency. 

Normal Disclaimer for new traders:  Trading foreign currency exchange on margin and with an Expert Advisor carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results.

Live signal monitoring:

https://www.mql5.com/en/signals/960501

 

Features

  • Does not use dangerous methods in trading, which lead to a sharp loss of the entire Deposit (martingale, grid, arbitrage, etc.);
  • Every trade has a hard Stop Loss and Take Profit protecting your Deposit;
  • Recommended pairs: See Comments for Set files.  Only use provided Set files for EA.
  • EA is no longer FIFO compliant because we have added multiple TF’s for each pair.

Characteristics

  • Magic Number – Use set file or change to up to 6 numeric characters
  • Opening trade: Ichimoku/Candle parameters – use set file (do not change)
  • TP/SL – use set file
  • Reflex parameters – use set file (do not change)
  • MM Amount for a new position (Risk %) – adjust to your risk tolerance.  Or set to 0 MM and put in your fixed lot size;
  • Maximum position amount (lot size) – default is 100;
  • Trading Ranges – all optimized already, but if you want the EA to trade within certain TF or pips, you may change.  Changes in these will greatly affect performance good or bad.
  • Modify or replace stops/trades – set at true for default;

§   

Please feel free to perform your own back test by downloading the Demo.  Support for EA:

Telegram: https://t.me/constellationEA

Note: the EA may not trade every day.  Check performance in back testing.  Also, this is a LONG TERM strategy.  There will be good and bad weeks.


Reviews 3
Miguel Jimenez Cordero
6779
Miguel Jimenez Cordero 2021.07.19 13:43 
 

Good job.

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Monopolist
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Professional automatic advisor with high performance. The advisor has preset settings, trades automatically calculated or fixed lot. You can use default settings or use your preferences. The Monopolist expert uses the author's, multi-component algorithm for fast processing of market data in real time, to open short-term transactions on dynamic instruments with a small spread. The advisor's strategy is based on price action, transactions are opened with a minimum waiting time for a decision, whic
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Profalgo Limited
5 (5)
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Marco Solito
4.65 (66)
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EA Black Dragon
Ramil Minniakhmetov
4.75 (565)
EA Black Dragon runs on the trend indicator. The EA opens a deal by indicator color, then there is the opportunity to increase the network of orders or work with stop loss. Be careful i not sell EA or sets at telegram it scam. All settings free here at   blog .  IMPORTANT! Contact me immediately after the purchase to get instructions and a bonus! Real operation monitoring as well as my other products can be found here:  https://www.mql5.com/en/users/mechanic/seller      Inputs Value  ·       
Live Signal:   https://www.mql5.com/en/users/varkotechnologies/seller MT5 version:   https://www.mql5.com/en/market/product/164203 Timeframe:       M1 Currency pair:       XAUUSD Varko Technologies   is not a business, it is a philosophy of freedom. I am interested in long-term cooperation and building a reputation. My goal is to constantly improve and optimize the product to meet changing market conditions. Gold Safe EA       - the algorithm uses several strategies simultaneously, the main p
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Draco EA
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Octans EA
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ThorstenKock
2584
ThorstenKock 2021.10.07 01:07 
 

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Stephanie Nicole Chavez
1333
Stephanie Nicole Chavez 2021.07.25 20:54 
 

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Miguel Jimenez Cordero
6779
Miguel Jimenez Cordero 2021.07.19 13:43 
 

Good job.

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