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Harrow Strikes

Harrow Strikes is an Expert Advisor that has been developed based on Harrow Order for MetaTrader 4. This is the MetaTrader 5 version and also based on Support and Resistance, Martingale and Anti-Martingale method. Since MetaTrader 5 already supports the use of hedging in trading, the algorithm of this EA has little differences from the original Harrow Order. For more information about Harrow Order, you can read https://www.mql5.com/en/market/product/28456.

Same as Harrow Order, the Support and Resistance position is used to detect entry point of orders. When the price touches the Support or Resistance position, this EA will send an initial buy or sell order based on the Relative Strength Index (RSI) value. It will open a buy order if the RSI value is greater than 50, and a sell order if the RSI value is less than 50.

Anti-Martingale method is used when the order can potentially be doubled. For example, a buy order at the increasing of market price. The next order will be sent the same type order, but with half lot. For example, if the initial profitable order is Buy with lot 0.2, then at the next Support or Resistance position, the next order will be Buy with lot 0.1, then 0.05, 0.02, etc.

And Martingale method is used to recover the misplaced order. For example, a buy order at decreasing market price. In the Harrow Order, the next order has a double lot, but this EA uses Anti-Martingale lot for the subsequent orders, and still uses Martingale calculation in background. So actually this EA still applies Martingale method as same as Harrow Order, and the maximum martingale level can be set with the MaximumMartingale parameter.

Since the EA uses Martingale method, this EA needs a high equity of balance where have ratio 1:200000 with initial lots that will be used. For example, if the EA uses a lot size of 0.1, the required balance is 20000 USD, and if the EA uses a lot size of 0.01 then the required balance is 2000 USD, etc.

However this EA is not safe for working by itself. Trader needs to be keep watching and take action if something bad is going on with this EA.


Pairs and timeframes

This EA is recommended for use on the EURUSD pair with the M1 timeframe. But Harrow Strikes can also be used on other pairs like USDJPY, EURJPY and EURGBP, with initial balance as recommended. You can try other pairs, with suitable different parameter values, especially the NumCandle variation values.


Initial balance requirement

The recommended balance to use the EA is 20000 USD with Lots 0.1.


Parameters

  • MagicNumber - the mark number used to identify orders, which are sent and managed by this EA. If this EA runs on multiple pairs, every pair must be run with different magic number, for example: GBPUSD - 100001, EURUSD - 200002, XAUUSD - 300003.
  • NumCandle - the number of candles used to calculate Support and Resistance. The default value is 60 candles. If this EA is used on the M1 timeframe and NumCandle=60, it is equal to 60 minutes or 1 hour. So the Support and Resistance levels used by this EA are the Support and Resistance for the last hour.
  • CloseAtStop - the option to close or not all orders at Remove EA action. Only removes orders that have magic number specified in MagicNumber above.
  • OrderLots - initial lots value used for the initial orders. i.e OrderLots=0.01, 0.02, 0.04, 0.08, etc.
  • MaximumMartingale - the maximum Martingale order. Default value is 6, i.e. the maximum Martingale multiplier is 25=32. So for virtual order, back calculations will use the maximum Martingale until multiplier 32. It will affect the decision of lot value of real next order to be sent.
  • DeltaLevel - the level of distance between two orders. It depends on the width of Support and Resistance. If the range is too narrow, the distance between orders can be widened by increasing the value in this parameter.
  • SlipPage - the slippage value used for every new order request.


Note

Each broker has different characteristics or features, such as spread value. Please test the EA in the strategy tester or a demo account, and take variation of parameter values, before buying and using it on a live account.


Authors

Copyright 2018, Sugeng Rianto and Ubaidillah.

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Advertencias El EA contiene un máximo de 6 puntos de entrada, el tamaño del lote de cada transacción es igual al tamaño del lote de la orden multiplicado por 6, por lo que tenga en cuenta no usar un tamaño de lote demasiado grande. La forma de cálculo del tamaño del lote predeterminado no es el porcentaje de capital. Nuestro método de cálculo predeterminado no se ve afectado por el apalancamiento, lo que permite controlar el riesgo con mayor precisión. Se recomienda utilizar un capital de $1000
Gold Trade Pro MT5
Profalgo Limited
4.56 (32)
Promoción de lanzamiento! ¡Solo quedan unas pocas copias a 449 $! Próximo precio: 599$ Precio final: 999$ Obtenga 1 EA gratis (para 2 cuentas comerciales) -> contácteme después de la compra Ultimate Combo Deal   ->   click here Live signal:   https://www.mql5.com/en/signals/2084890 Live Signal high risk :  https://www.mql5.com/en/signals/2242498 Live Signal Set Prop Firm Set File JOIN PUBLIC GROUP:   Click here Parameter overview Gold Trade Pro se une al club de Gold Trading EA, pero
Please do not   pm   me if you are asking for:  Discount ( Price will go back to original price 3800 in the future ) Backtesting result ( We don't trust mislead informations ) (LOJ IS NOT A HFT Strategy, Will not be violated by Prop firm rules) We don't rely on backtest results. The backtesting environment can't access our database to retrieve historical data. We aim to provide clarity to EA traders and not mislead them. The best approach is to monitor our signals. If you're wondering how to ve
Big Forex Players MT5
Marzena Maria Szmit
4.84 (49)
We proudly present our cutting-edge robot, the  Big Forex Players EA  designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the  biggest Banks  (positions are sent from our database t
Versión MT4: https://www.mql5.com/en/market/product/104871 Monitoreo de rendimiento del desafío HFT MT5 (no para cuentas reales): Corredor: Fusion Market Inicio de sesión: 89600 Contraseña: Greenman89$ Servidor: FusionMarkets-demo Más de 700 reseñas auténticas de 5 estrellas para la versión MT4 lanzada anteriormente: https://www.mql5.com/en/market/product/104871?source=Unknown#!tab=reviews Canal público: https://www.mql5.com/en/channels/hftpropfirmea Versión MT4: https://www.mql5.com/en/market/p
Waka Waka EA MT5
Valeriia Mishchenko
4.1 (39)
EA has a live track record with 4.5 years of stable trading with low drawdown: Live performance MT4 version can be found here Waka Waka is the advanced grid system which already works on real accounts for years. Instead of fitting the system to reflect historical data (like most people do) it was designed to exploit existing market inefficiencies. Therefore it is not a simple "hit and miss" system which only survives by using grid. Instead it uses real market mechanics to its advantage to make p
Parrots Breaker
Siti Hadijah Lena
4.67 (3)
Only  3 copies left at current   price!,   Next Price 799 USD.   So   Come on Hurry up!    Parrots   Breaker   MT5  EA is an Expert Advisor that is smart, powerful and accurate in determining entries. Parrots   Breaker   MT5  EA works based on the concept of trend following  combined  with   Break of Internal Structure and   trading levels. Live Signal 1 Parrots   Breaker   MT5  EA is an Expert Advisor that is safe and focuses on long-term use. Backtest   Result is Fantastic. This EA does not us
Bitcoin Robot MT5
Marzena Maria Szmit
4.43 (40)
The Bitcoin Robot MT5 is engineered to execute Bitcoin trades with unparalleled efficiency and precision . Developed by a team of experienced traders and developers, our Bitcoin Robot employs a sophisticated algorithmic approach (price action, trend as well as two personalized indicators) to analyze market and execute trades swiftly with M5 timeframe , ensuring that you never miss out on lucrative opportunities. No grid, no martingale, no hedging, EA only open one position at the same time. Bit
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for   Scalping   Trading on   Eurusd . This Expert Advisor is based on the latest generation of   algorithm  and is highly customizable to suit your trading needs. If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated   algorithm  that allows it to   identify   and   follow m
Promoción de lanzamiento: Número limitado de copias disponibles al precio actual Precio final: 990$ Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files ¡Bienvenido a DayTrade Pro Algo!   Después de años de estudiar los mercados y programar distintas estrategias, he encontrado un algoritmo que tiene todo lo que necesita un buen sistema de trading: Es corredor independiente Se propaga independiente Muestra p
Boring Pips MT5
Thi Thu Ha Hoang
4.71 (28)
¿Alguna vez te has preguntado por qué la mayoría de los asesores expertos no son efectivos en el trading en vivo, a pesar de su perfecto rendimiento en las pruebas retrospectivas? La respuesta más probable es el sobreajuste. Muchos EAs se crean para 'aprender' y adaptarse perfectamente a los datos históricos disponibles, pero fallan en predecir el futuro debido a la falta de generalización en el modelo construido. Algunos desarrolladores simplemente desconocen la existencia del sobreajuste, o l
Nexus EA Forex MT5
Enrique Enguix
4.5 (12)
¿Por qué fallan la mayoría de los Asesores Expertos (EA)? Muchos Asesores Expertos dependen de ventajas estadísticas temporales que desaparecen cuando el mercado cambia, lo cual sucede continuamente. El problema de la sobreoptimización Además, la mayoría de los desarrolladores caen en la trampa de ajustar minuciosamente sus EA para lograr resultados perfectos en el pasado, sin darse cuenta de que esto no se traducirá en el rendimiento futuro del mercado. Es crucial realizar pruebas qu
Golden Taipan FX
Michael Prescott Burney
4.23 (13)
Golden Taipan FX: The Elite Trading System for XAUUSD H1 Overview: Golden Taipan FX is a cutting-edge trading system engineered specifically for XAUUSD on the H1 timeframe. With over 200 precisely crafted strategies, this system is designed for speed and efficiency, delivering consistent, high-quality trades that maximize profitability. With an impressive win rate exceeding 90%, Golden Taipan FX is your go-to solution for reliable and substantial returns in the gold market. Key Features: High W
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Versión 1.1 2018.04.18
Optimize algorithm to minimize drawdown balance and maximize the profit