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Master Levels mt5

Master Levels mt5 (version for MT4) analyzes the market situation over the last few days and determines the current levels. It tracks the breakouts of these levels. Trades are opened in the breakout direction.

The Expert Advisor is fully automated. Master Levels is equipped with a flexible position management system. You can set any number of take profit parts. It also features a trailing stop system, which allows to protect the obtained profit. Depending on the settings, the EA can work both as a scalper, and as an expert with medium profit targets. The EA is able to work in two modes: market orders and pending orders. Pending orders are used by default.

Master Levels allows to control slippages and spread at the moment of entry, which is crucial for a scalper.

The EA implements algorithms for limiting its operation by time. There is a trading pause module. You can set any interval, for example, time of news release, during which new trades will not be performed. You can also choose the actions for the open positions during the specified pause interval.

Features & Benefits

  • Automatic calculation of lot for any currency depending on risk per trade
  • Option to work with pending or market orders
  • Ability to take profit in any number of parts
  • Trailing stop allows reducing losses and drawdown
  • Spread control
  • Advanced trading pause module.

Recommendations on Usage

  • Use ECN account with minimum spread and commission
  • Choose a broker with good execution of orders
  • Use the maximum leverage of 1:100 or higher
  • Trade volatile currency pairs with minimal spread

Default settings are intended for operation on ECN accounts with the average spread less than 1 point. Optimized for EURUSD M15.

New features will be added with time. You can make suggestions, and they will not be left unnoticed! For my part, I am always open to dialogue and timely support of the product.


Trading Logic

  • Days analyze - The number of days to analyze the levels. The latest days are considered, including the current.
  • Level amplitude - The minimum required amplitude for the levels. The price should pass the specified distance on both sides of the level.
  • Entry shift - Entry distance. Offset in points from the level, where entry is made. Negative value - entry on reaching the level. Positive values - after crossing the level.

Time parameters

  • Start trade hour (Start trade minute) - End trade hour (End trade minute) - Operation interval of the EA. Start hour=2, the EA starts operation at 2:00:01. End hour=17, the EA ends operation at 17:00:00
  • Days filter - Disable trading on certain days of the week. To disable, set to false.
  • New trades pause - Enable/disable pausing trading in the time intervals (false - disable, true - enable)
  • Open trade actions - Actions with the open trade when the interval starts
    • Current manage
    • Close trade
  • Pause intervals - String for setting the pause intervals. You can define several intervals. The format is hh:mm-hh:mm, or hh:mm-hh:mm;hh:mm-hh:mm;......;...... The intervals are active during the current and subsequent days until disabled.
Trade Requests
  • Deviation - Allowed deviation of the entry price when sending the trade request
  • Requests - The number of attempts to open or modify a position
  • Spread filter - Maximum allowed spread at the moment of entry
  • Orders type filling - type of order execution by the broker

Risk parameters

  • Out of time close - close opened deals when the EA operation time ends
  • Allowed trades per day (0 - no limit)
  • Fixed Volume
  • Risk per trade, % - If set to 0, the value of fixed volume is used
  • Percentage of balance used, %
  • StopLoss
  • TakeProfit

Position management

  • Closing parts - true/false
  • Parts - The number of parts for taking profit
  • Close first part, % - Percentage for closing the first part (of the total deal volume)
  • First part TP - Take profit of the first part
  • Enable trailing stop - true/false
  • Trailing activate - Profit in points to activate trailing
  • Main trailing


  • Pause levels color
  • Pause levels style
  • Levels color
  • Levels line style
  • Orders comment
  • Magic
Valter Oliveira
Valter Oliveira 2017.08.02 05:50 

The "Master Levels MT5" EA is able to produce good results with low risk and low drawdown. It effectively accomplishes the strategy described by the seller.

The seller (Mr. Dmitry Homenkov) provides a nice technical support, clarifying questions and making software updates, whenever necessary.

I performed tests of the product in the FOREX market and for trading in contracts of future indexes, initially in demo accounts and later in real accounts. Both cases on netting-type accounts.

I've noticed that there are no significant differences in performance when using different timeframes. I got good results in timeframes of 15 minutes.

I strongly recommend backtests to identify the most suitable paramaters for each type of asset to be traded. I consider that it is not a product to be used without first to understand its operating principle.

Despite the restriction above, I acknowledge that the product offers a good cost / benefit ratio, considering the results achieved and the current price (in the amount of US $ 69).

Versión 1.41 2018.02.02
- Completely redesigned and optimized the code.
Versión 1.27 2017.08.07
- Corrected the algorithms for processing open positions
Versión 1.26 2017.06.06
- Revised the lot calculation system with the 'Risk per trade' parameter specified.
- Added parameter for selecting the order filling type (Filling Type)
Versión 1.25 2017.05.17
- Improved lot calculation system with a set Risk per trade parameter
Versión 1.24 2017.05.03
- Fixes in calculations.
- Removed the postfix parameter. Now, if the currency pair name is EURUSD.ecn, then it is not necessary to enter .ecn. The EA will determine everything automatically.
Versión 1.23 2017.04.21
- Adjusted calculations, which could result in an error in certain situations
Versión 1.22 2017.04.13
- Added the EA status bar to the info panel.
- Added the display of the daily total trade volume to the panel.
- Input parameters are set in 5-digit quotes.
- Added a parameter for limiting the number of deals performed per day.
- The EA operation time is set in hours and minutes
- Added a parameter for closing open deals when the EA operation time ends
- Optimized and improved the code.
Versión 1.1 2016.10.28
- Fixed some bugs.
- Working time period can be set with overlapping days. For example, 'hour start 22 to hour end 17'.
- Added the commission parameter. This allows evaluating commission after testing. The total commission is defined using the OnTester function in the testing journal.