Market / MetaTrader 4 / Experts /

Procyon EA

FREE

Published: 8 June 2021

Current version: 1.1

Procyon EA

2.5

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.

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6764

Miguel Jimenez Cordero 2021.07.19 13:43 #

Good job.

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NEW VERSION of Gemini: Changes with signal combinations, SL/TP values and amount of pairs and TF’s available. Please make sure you download V 1.1 and ONLY use set files for each pair and TF given! Signal has been updated with this new version. Gemini is a complex Expert Advisor that uses Awesome Oscillator closing bar price, ATR Ranges and Bar Pattern combinations for opening trades with managing and closing trades based on Bollinger Band Width Ratio’s. Though the algorithms are consta

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Sirius is a simple Expert Advisor that uses Price Action level conditions from the MACD Indicator for opening trades with managing and closing trades based on TEMA and BBWR. Though the algorithms are constantly monitoring the opening and closing of trades, the TP and SL will close on signals and ATR range with possible BE or trailing. The EA was created using advanced Artificial Intelligence combined with simulated walk forward designs. Recommended pairs are listed below. Working on ot

FREE

Draco is an automated Expert Advisor that uses the Ichimoku Kinko Hyo indicator for gauging future price momentum and determines areas of support and resistance. It also looks at two additional TF’s (M5 and M15) to triple check signals for trade management. After complex automatic analysis, it will then open and close trades based on candlestick bar ranges and top and bottom prices. The EA was created using advanced Artificial Intelligence combined with simulated walk forward designs. It c

79 USD

Octans is an automated Expert Advisor that uses the combination of the Ichimoku Kinko Hyo and Commodity Channel Index indicators for opening trades and the Heiken Ashi indicator and Bollinger Bands Range to close. This is a market entry trading system with fixed Stop Loss, target Take Profit while attempting to close trades on signals. The EA was created using advanced Artificial Intelligence combined with simulated walk forward designs. Recommended pairs are in the Comment section.

50 USD

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2584

ThorstenKock 2021.10.07 01:07 #

Results are far, far worse than showed in the screenshot

1338

Stephanie Nicole Chavez 2021.07.25 20:54 #

User didn't leave any comment to the rating

6764

Miguel Jimenez Cordero 2021.07.19 13:43 #

Good job.