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Euro Raider MT5

999 USD

Demo downloaded: 155

Published: 10 December 2022

Current version: 1.1

Euro Raider MT5

Experts
Mr Andreas Kyriacou
Version: 1.1
Updated: 4 February 2023
Activations: 10

Euro Raider is a Trend-following/Mean Reversion combination based Expert Advisor that enters the market on trend retracements (pullbacks) and exits once the direction of the trend resumes.

Every position has a Stop Loss and Take Profit, which is adjustable - along with Optional Grid Positions (Averaging).

I created this EA with Low Drawdown in mind, which is demonstrated in both Backtesting and the Real Account Live Signal.

I recommend it to be used on EURUSD with the Default Settings on the M5 Timeframe.

Real Account Live Signal: https://www.mql5.com/en/signals/1746243 - Telegram Group: https://t.me/+EdsWdMO2oQo1ZTVk

Inputs Breakdown

Risk Management

Fixed Lots: The fixed amount of lots to be used per position
Use Account Balance Percentage Instead? (based on Stop Loss): An option to use a percentage of the account balance instead of fixed lots. The trading volume will depend on your account size and Stop Loss placement
Percent Risk per Initial Position (Excluding Grid Positions): The percentage amount that you want to risk on the initial position. If using grid positions, the additional positions will be opened with the same volume as the initial position (No Martingale)
Stop Loss (in Pips): The amount of pips in drawdown you are willing to take before the trade is automatically closed
Take Profit (in Pips): The amount of profitable pips you would like to secure automatically
Use Equity Protection?: An option to automatically exit trades and no longer open new trades once the account equity drops to a specified level
Equity Stop Out Level (in Account Currency): The Equity amount in which you would like the Equity Protection feature to be activated

Grid Settings (Optional)

Max Positions (Initial Lot Vol Applied to Grid Positions): The maximum amount of positions you would like to be opened at any one time. 1 Position means no Grid (or Averaging) is used
Grid Step (in Pips): The amount of pips in drawdown in which you would like the next position to be opened when using Grid positions (or Averaging). NOTE! This figure should be negative (i.e. "-17.5"). A positive figure (i.e. 17.5) would result in "scale-in" positions when using more than 1 Max Position!

Trading Times

Time to Start Entries (Server Time): The MetaTrader Terminal time in which you would like the EA to start looking for entries
Time to Stop Entries (Server Time): The MetaTrader Terminal time in which you would like the EA to stop looking for entries
Close Trades Daily?: An option to close trades each day at a specified time
Daily Close Time (Server Time): The time in which you would like the EA to close trades each day

Trading Days

Trade Monday?: An option to allow/disallow trading on Mondays
etc: ...and so on...

Other

Trade Comment: The text that will be attached to each trade as a Comment
Magic Number: The ID number for the EA to be used when multiple EAs are running

REMEMBER: Trading is about probabilities, and positive results are never a guarantee in this business. Please manage risk carefully, and do not trade with money that you cannot afford to lose. Happy Trading!

more...

1091

Thibaut, Jean Jannoyer 2022.12.11 18:09 #

EA for EURUSD. Good backtests with several brokers. Low DD can be set! i'll update too in a month. Good work of the seller!

Some months later, it is a very good EA, extrem profits and low DD

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Euro Raider is a Trend-following/Mean Reversion combination based Expert Advisor that enters the market on trend retracements (pullbacks) and exits once the direction of the trend resumes. Every position has a Stop Loss and Take Profit , which is adjustable - along with Optional Grid Positions (Averaging). I created this EA with Low Drawdown in mind, which is demonstrated in both Backtesting and the Real Account Live Signal . I recommend it to be used on EURUSD with the

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185

Jacare_ASAS 2023.02.21 13:29 #

User didn't leave any comment to the rating

689

Reply from developer Mr Andreas Kyriacou 2023.02.22 21:30 #

Wow! Thank you very much for the great review - its very much appreciated! :)

550

pdev 2023.01.27 02:23 #

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689

Reply from developer Mr Andreas Kyriacou 2023.02.02 03:44 #

Glad you are happy and glad to help. Thanks :)

1091

Thibaut, Jean Jannoyer 2022.12.11 18:09 #

EA for EURUSD. Good backtests with several brokers. Low DD can be set! i'll update too in a month. Good work of the seller!

Some months later, it is a very good EA, extrem profits and low DD

689

Reply from developer Mr Andreas Kyriacou 2023.01.10 14:33 #

Thanks for the positive review - glad you are happy with the EA :)

richnpton 2022.12.11 16:43 #

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689

Reply from developer Mr Andreas Kyriacou 2023.01.10 14:35 #

Thank you - appreciate the kind words :)

Version 1.1 2023.02.04

Added Trade Comment Input