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New Generation EA MT5

3.11

EA Description :

This is a High-Frequency Trading EA. EA is supported by a strong signal finding algorithm. Most of the algorithms are smart and automatic. You need to adjust only 3 parameters to optimize the signal engine of the EA. Thus optimizing and using EA is very simple and easy.


    Supported Symbols and Timeframes :

    All timeframes and pairs are supported by EA.

    The best operation of EA is on all 28 Major and Cross Pairs of Forex.

    The best timeframes are M15,M30,H1


    EA Inputs
    • General Options
      • Trade Type
      • Maximum Number of Open Trades any time
      • Minimum Distance to Open New Position (Type/Points/ATR Multiplier) : Minimum distance from existing position to open new one if signal conditions meet
      • Minimum Distance to Open New Position (Minutes) : Minimum time from last trade to open new one if signal conditions meet
      • Maximum Spread to Open Position (points)
      • Take Profit ( Type/Points/ATR Multiplier )
      • Stop Loss (Multiplier of Take Profit)  : SL is defined based on the multiplier of TP. Any value (even smaller than 1.0) is accepted.
      • Close All on Total Profit/Loss (0:Disable)
      • Magic Number
      • Comments of Orders
    • Signal Settings
      • Wait for Stronger Signal (Points) : The amount of points to wait to make sure signal power is enough.
      • Entry Signal Period
      • Verification Signal Period Multiplier : Any value larger than 1 or equal with 1
    • Trailing Stop and Break Even
      • Trailing Stop Loss
      • Trailing Start (Points)
      • Trailing Stop Loss (Points)
      • Trailing Step (Points)
      • Break Even
      • Move TP to Break Even After Loss Amount (Points)
    • Volume
      • Volume Mode : Available options : Constant,Risk Percent of Balance/Equity,Auto Lots Based on Balance/Equity
      • Constant Lots (if above selected)
      • Risk Percentage (if above selected)
      • Auto Lots Per 1000 Balance or Equity (if above selected)
    • Notifications
      • PopUp Alerts
      • Push Notifications
    • Trading Time

    • News Filer
      • To enable news filter, On the Tools/Options/Expert Advisors Click and enable Allow Webrequest option and add http://ec.forexprostools.com/ to the list
    • ATR Settings
      • ATR Timeframe and Period used for distance of orders and TP if you set the mode=Based on ATR


        Recommended Settings for Optimization 


        For optimizing EA you can select these values as a typical ranges :

        - On the inputs below : First number is Start. 2nd is Step. 3rd is Stop values of tester optimization values.

        - Leave other inputs as their default values.

        - Volume Settings : Start with lower volumes. After finding the best settings, increase volumes.

        • Minimum Distance to Open New Position (points) : 100,100,200
        • Minimum Distance to Open New Position (Minutes) : 30,30,90
        • Take Profit (points) : 400,200,600
        • Stop Loss (Multiplier of Take Profit)  : 1,1,4
        • Wait for Stronger Signal (Points) : 10,10,50
        • Entry Signal Period : 10,5,25
        • Verification Signal Period Multiplier : 2,1,3


        Using EA

        • Using EA is very simple. All above settings can be changed in the inputs tab. You can attach EA to any chart with any timeframe. You can customize EA by attaching on more than one chart and setting different inputs.
        • If your account balance is low, you can use EA on micro/cent accounts.
        • Important : The EA has large consecutive losses. Don't use large and aggressive volumes for trading. It is recommended to use about 10% of volumes you find on backtest or optimization for real trading.


        Growing the EA


               I will update and make the EA better and better. You can help by contacting me for any new feature needed on your trading. I will consider the next updates of EA.


        Explore Other Products



        Reviews 9
        Steffen
        183
        Steffen 2022.02.11 20:37 
         

        Since mid January 2022 I'm running this EA live, first with EURUSD,NZDUSD and EURGBP only. After 1st week live with app. 12 pairs. The result so far: 180 TP 17 SL, Profit trades 91% Cannot confirm reported errors, setup of new pair is running well if bars downloaded first as written. Conclusion: handling in backtests and live is very easy, no doubt the NG is a masterpeace, max. review points, thanks Ismail for your great work!

        Mehdi Banazadeh
        211
        Mehdi Banazadeh 2022.01.11 13:22 
         

        11/01/2022I am offering 5 stars for now not because of the profit/loss it is making but only for the innovative way that author has implemented. Optimize you own set file. Choose a very low volume and strict money management. Make sure you have enough margin. And then be patient and wait.

        21/08/22 The recent new versions 1.8, 1.9 and 1.10 have drastically improved the profitability of the EA. I recommend to either use the default setting or try to optimize it yourself. Personally I am only using this EA on GBPUSD and EURUSD but It will work (Possibly even better) on other Pairs too. remember to have a tight money management.

        琮hui qq2117721312
        494
        琮hui qq2117721312 2022.01.09 12:52 
         

        今天购买了EA,复盘很好,希望实盘效果一样好,过两周跟新评论。

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        Filter:
        Steffen
        183
        Steffen 2022.02.11 20:37 
         

        Since mid January 2022 I'm running this EA live, first with EURUSD,NZDUSD and EURGBP only. After 1st week live with app. 12 pairs. The result so far: 180 TP 17 SL, Profit trades 91% Cannot confirm reported errors, setup of new pair is running well if bars downloaded first as written. Conclusion: handling in backtests and live is very easy, no doubt the NG is a masterpeace, max. review points, thanks Ismail for your great work!

        OrangeCrush
        190
        OrangeCrush 2022.01.29 07:08 
         

        Initially also experienced the "-1 error" which was frustrating and although the author did respond to me no immediate solution was forthcoming. Turns out that you need to start with the biggest period chart on the right and collect enough data working your way left to your preferred time frame before the EA will install. Installed the EA on a Tickmill-Demo account and had 21 consecutive trades reach TP on 30 Minute charts in the last week -(max 10 trades and 27 pairs with default settings risking 2% equity). Yes, the price increase has left a bit of an after taste but if you can afford it this EA should receive serious consideration in your portfolio.

        Elena Fedorova
        42
        Elena Fedorova 2022.01.19 14:12 
         

        An ordinary crappy robot tester, everything that will be earned is drained into the sewer twice, from 30.01.2022 to 04.10.2022 earned 400%, now the balance is -80%, a promising robot tester lost a year

        Artur1008
        922
        Artur1008 2022.01.19 06:32 
         

        I bought an adviser and ran it for testing on vps and on a local computer. There is an error everywhere in the log, the adviser does not work. The seller did not help, says it's my problem. But it might be your problem too.

        Mehdi Banazadeh
        211
        Mehdi Banazadeh 2022.01.11 13:22 
         

        11/01/2022I am offering 5 stars for now not because of the profit/loss it is making but only for the innovative way that author has implemented. Optimize you own set file. Choose a very low volume and strict money management. Make sure you have enough margin. And then be patient and wait.

        21/08/22 The recent new versions 1.8, 1.9 and 1.10 have drastically improved the profitability of the EA. I recommend to either use the default setting or try to optimize it yourself. Personally I am only using this EA on GBPUSD and EURUSD but It will work (Possibly even better) on other Pairs too. remember to have a tight money management.

        cyberryder
        909
        cyberryder 2022.01.09 16:41 
         

        I've not tried the EA yet, but still can give a 1-star for the greedy vendor. That price has nearly tripled within only a few days. Good vendors here first let the EA performance speak for themself and show a LIVE account on a reputable broker with at least 5k, which is not a cent-account. This behaviour is ringing the alert bell in me of a possible scam vendor. Don't understand why vendors always make the same mistakes since years, only to get hammered, would be so easy to learn from the mistake of others and the expectations from buyers - except if your ego is too high or you want to scam people, you don't want/have to learn anything. Let's see how this EA plays out

        琮hui qq2117721312
        494
        琮hui qq2117721312 2022.01.09 12:52 
         

        今天购买了EA,复盘很好,希望实盘效果一样好,过两周跟新评论。

        Wang Xiang
        491
        Wang Xiang 2022.01.08 14:13 
         

        Backtest 28 pairs duration: 2022-01-01 => 2022-01-08

        version 1.3

        https://imgur.com/qfX5JNr

        version 1.4 (2022-01-08 updated)

        https://imgur.com/iKhYNWA

        Some bad trades missing, Some good trades appearing.

        If anyone want to buy this EA, you need more observation.

        SysFX
        206
        SysFX 2021.12.21 20:03 
         

        The Overview pages states that this EA is a high frequency trader, so I did some back-testing to see how the system worked and was pleasantly surprised to discover that it's not yet another crazy scalping bot :) - all trades have a reasonable TP and an acceptable SL, which means positions aren't affected by spread widening and/or reasonable slippage. Initial results have been right on target with several trades already closed at TP, so I'm hoping that the current performance continues for many years to come!

        Reply to review
        Version 1.12 2022.11.20
        Some optimizations of news engine and entry filters.
        The strategy is upgraded to operate better on some specific market conditions.
        Version 1.11 2022.09.25
        - Added more options to close all on TP/SL.
        - Optimized performance of the EA.
        Version 1.10 2022.08.07
        Upgraded to fix some reported issues from users.
        Version 1.9 2022.06.27
        Some minor improvements applied.
        Version 1.8 2022.06.03
        Signal engine upgraded to operate more better.
        Version 1.7 2022.03.26
        - Enabled decimal values for ATR Trailing and BE
        - Added Stop Trading Option
        - Added option to enter on Strong Signals Only
        - Optimization on Performance of Signals
        Version 1.6 2022.02.19
        This is urgent update of EA because news source is changed from http:// to https://
        Please update the EA and enter below link on terminal allowed webrequest list :
        https://ec.forexprostools.com/
        If you are not using news, no need to update the EA.
        Version 1.5 2022.02.13
        - Added panel display on chart
        - Added more options on notification feature
        - Added TimeFrame option to the inputs
        - Added Trailing Stop and BreakEven based on ATR
        - Optimized performance of the EA
        - Added risk control based on equity and free margin
        Version 1.4 2022.01.08
        Added options and settings :
        - Trade Type
        - Close All on Total Profit/Loss
        - Comments of Orders
        - Customizing Notifications
        - TP and Distance entry based on ATR
        Version 1.3 2021.12.24
        News Filter Added.
        Some Improvements on Trading Signals.
        Version 1.2 2021.12.17
        Added Different trading time for each day.
        + some optimizations on trading engine
        Version 1.1 2021.12.15
        Trading Time Filter Added