Proven EA for MT5
- Andrey Barinov
- Version: 1.1
- Activations: 5
Have you heard about Machine Learning, Chat GPT, Neural Networks and Artificial Intelligence?
Well, Proven EA has none of it. It is also NOT based on Moon Phases and Stars positioning.
"Proven EA" is a 100% adaptive expert advisor based on old, well known and proven principles.
Trend is your Friend. Cut losses quick and let the gains grow. No Gambling.
It detects the trend on a higher timeframe, waits for a pullback / retrace on a lower timeframe and places a trade in direction of trend with a tight SL and a bigger TP based on current SnR levels.
Only one trade at a time. No Grid. No Martingale.
Every trade has Stop Loss and Take Profit from very beginning, and they do not change. Optional Break-Even and Trailing Stop functions.
This is for those, who are looking for stressfree and stable growth over the long run.
"Proven EA" for MetaTrader4 is here: https://www.mql5.com/en/market/product/95307
WARNING: I sell all my products only via MQL5 website. If you see it somewhere else, be aware of scam.
Take advantage of the current launch promo price. I will gradually increase the EA price over time.
My favourite is EURUSD. You can also try other pairs.
Broker and Leverage
"Proven EA" is not broker sensitive, you may chose any broker you trust to. The less the spread is, the better.
Recommended leverage is 1:100. 1:30 is also OK.
Time Frame of the chart for real live execution does not matter. But, make sure that you have all timeframes data available in history center (F2).
In MT5 any timeframe for backtesting will work.
Base Lot, per every 1000 of Balance- sets the lot. It is calculated as BaseLot*(Balance/1000). So, if you have an Account with 2000USD and Base lot is 0.05, your traded lot will be 0.05*(2000/1000) = 0.1
Spread Filter- allows avoiding trades in high volatility times when broker increases the spread
Magic Number- unique EA identifier. Should be set different in case when multiple instances of EA are used on the same currency pair.
"Proven EA" can work on both VPS solution from MQL5 and regular VPS with desktop access.
What to Expect
2-4 trades per week, depending on the current market volatility.
No get rich quick solution.
There will be some losing trades among the wins, but losses always will be smaller than gains.