Conqueror MT5

This is a fully automated trading robot. Conqueror MT5 trades using pending orders, and modifies the pending orders following the market price movement. When it starts, the EA places for pending orders: two BUY STOP and two SELL STOP. The EA places 2 orders at the distance of Distance1 from the price and 2 others at the distance of Distance2. After that the EA trails these orders following the price, changing them every few seconds - Timeout to move orders. Each order has individual stop loss - Order SL. Each order has trailing - Trailing start and Trailing step. Also, to prevent moving the pending orders at every point, the EA uses Price to move orders - the minimal distance, below which orders will not be moved following the price.

Key Advantages of the EA

• Does not use Martingale.
• No arbitrage.
• No Grid.
• Always use of stop loss to protect capital.
• User friendly.
• Works with any brokers that provide ECN accounts.
• It can work with a small deposit.
• Only pending orders.
• Can work with fixed lot and MM.
• The EA works on any pair, recommended: EURUSD.

Requirements and Recommendations

• 5-digit quotes.
• Maximum allowed spread — 0 to 20 pips.
• Minimum deposit is 100$.
• Use VPS or hosting server with minimal network latency to the broker's server.
• 24/7 terminal operation.
• ECN broker with low commission and spread.
• Working timeframe M1

Parameters

• Trade direction - trading direction, only buy, only sell, or both buy and sell.
• How to set order volume - the lot type to be used: fixed or as a percentage of the deposit
• Order volume - order volume.
• Order SL - stop loss of order.
• Distance 1 - distance to the first pair of pending orders.
• Distance 2 - distance to the second pair of pending orders.
• Timeout to move orders - time in seconds, after which the orders shall be moved following the price.
• Price to move orders -the minimum distance, below which orders will not be moved.
• Magic number - magic number of the EA
• Trailing start - the distance at which Trailing Stop shall trigger.
• Trailing step - trailing stop step
• Slippage - allowable slippage
• Timeout between series - pause in seconds for placing the next 4 orders