This system is a long term scalper with a 200 Point profit target . It opens an order following the direction of the price movement after a trading level is breached and the breach is large , following the momentum of the price movement . The order is closed using Macd indicator if it isn't closed with profit . Please keep the risk down and don't risk more than 0.1 lots per 1000 USD of the account equity , because it may get to a 35% floating loss or drawdown using this setting .
The best results are on the EUR/USD pair on the H1 timeframe . The system also has a "lot" management function and I recommand not risking more than 1% of the account equity , the default setting is 0.5 for more safety . The calculation of the "lot" size is correctly done if the account currency is USD , for other currencies you can first try with a lower setting , 0.01 for example , and check the journal from the terminal to see if you get any lot size error , if there is an error , you can increase the risk setting until you don't get the error any more .
Pairs : EUR/USD .
Timeframe : H1 .
Lots : 0.1 by default , don't risk more than 0.1 per 1000 USD of the account equity ;
ManageLot : If you want the EA to increase "lot" size in accordance with account equity ;
RiskInPercent : set to 0.5 by default , the more you risk , the larger the potential drawdown ;
TakeProfit : set to 200 Points , works best ;
BreachSize : 200 Points ;
Level : set to 48 - upper and lower levels from the last 48 candles in the chart ;
Magic : The magic number of the EA , to differentiate the orders from other EA's .