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Bar Mode MT5

MT4 Version here: https://www.mql5.com/en/market/product/56543

Set files and back test results here.


Bar Mode is an automated system that uses bar opening and closings to consider opening or closing trades. It uses a special algorithm to increase profits per trade and it uses grid to recover losing trades.

Strategy has been backtested and optimized for the market moves in the last 2 years. 

Add the EA on a EURUSD chart using M5 timeframe. 

For monitoring signals please visit my profile:

https://www.mql5.com/en/signals/author/readytogolive

Minimum funds is $250 and a broker with 1:500 leverage recommended. 


  Recommended broker: 
https://www.icmarkets.com/?camp=50510

  Raw Spread account, USD, 1:500 leverage

  You can download the set files and back test results here
  Please make sure to read the readme.pdf file first.

   


If your currency pairs are named differently by your broker, you will need to change it on the EA settings.  Ex: EURUSDp 

It is recommended to take profit every month.

Please be careful if you are using this EA with multiple-pairs as it may cause high DD (or use small lot sizes). It best performs with a single pair, EURUSD giving the best performance). Avoid JPY and GBP pairs as they may become uncomfortably volatile. 


EA Parameters:

Number of bars: Number of bars the EA will check in order to consider opening a new trade.

Number of opposite bars: Number of bars opens opposite direction the EA will check in order to consider closing a trade.

Opposite bar positions: The EA closes trades based on bar closings. If you want the closed bar to be at the end you can select that option. Otherwise keep it as: Anywhere

Minimum movement in pips: To avoid trading in very slow markets the EA will check minimum movement to consider opening a trade.

Wait until the bar closes on TP: Should the EA trade while a bar is still open?

Take Profit (% from balance): EA takes profit when the difference between the last and the first order reaches this percentage.

Compound Winning Trades: If set to 'false' only it uses only the difference between the last order and first order to take profit. If it is set to 'true', more than one recent trades can be used to close the earliest trade in profit. (Recommended value: true)

StopLoss: You can set a stop loss using this section.

Maximum Spread(in pips): If the current spread is above this value, it does not open a new order.

Max_Slippage: If the slippage is above this value, it does not open a new order.

Magic Number: Keep it as default, or change as you wish.

Comments: Comment you wish to see on MT4 order

Auto Lot Per 1000: Enter here the lot size you wish the EA to open per $/£/Eur 1000. Recommended value: 0.005 or lower.

Activate full close settings: If you wish to close all trades when a specific DD or PL occurs, enable this.

Close all positions everytime the equity goes up by  %:  It closes all open orders when the equity goes up by that %.

Close all positions everytime the equity goes down by %: Depending on your risk appetite you can choose to close all trades when there is a certain % of DD

Repeat trade when loss reaches multiples of (points): You can set here when you expect an additional trade to be opened when a trade goes in loss.

Level Limit: Maximum number of trades that can be opened per pair.

Recover mode starts on level: When there are this many trades open, it will start the recovery mode to close trades in break even instead of trying to turn profit. 

Friday Settings: If activated, the EA can close all trades at a specific time on Fridays to avoid leaving trades open during the weekend.


PLEASE NOTE THAT MARKETS CHANGE ALL THE TIME AND PAST PERFORMANCE IS NOT INDICATION OF FUTURE PERFORMANCE.  USE THIS EA AT YOUR OWN RISK AND TRADE RESPONSIBLY. 

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ONLY 10 COPIES OUT OF 10 LEFT AT $1129! After that, the price will be raised to  $1399. North East Way EA  it is a fully automated “rollback” trading system, which is especially effective in trading on popular “rollback” currency pairs: AUDCAD, AUDNZD, NZDCAD. The system uses the main patterns of the Forex market in trading - the return of the price after a sharp movement in any direction. Timeframe: M15 Currencies: AUDNZD, NZDCAD, AUDCAD LIVE Signals: North East Way   Fast Way   EA SETUP: Y
1 129 USD
SFE Stock Market
Joel Juanpere
This EA trade with CFDs of Stocks. The EA can be used in any stock market, by default, the EA is configured with symbols of the US Stock Market. The minimal balance recommended is 3.000 USD. Live Signal :    https://www.mql5.com/en/signals/692635 Backtest and Live Setup: please, look the video or go to the webpage for more information. The default parameters works with ICMarkets.  The names of the symbols can change in each broker, and each broker can have different CFDs. Please, contact me for
2 500 USD
Sea Turtle Scalper Pro MT5
Michela Russo
Sea Turtle Scalper Pro MT5 is a trading robot  for the trading on forex. This is a mix of Trend Following and Counter Trend system.   Backtest Now! This Expert advisor not use  arbitrage, grid, martingale or other dangerous strategy , All Trades are covered by   StopLoss and TakeProfit . Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of   Scorpion Crazy Pro MT5 ! (All future updates included) -> To Receive it, Please Contact me by  
299 USD
Stock Trader Pro MT5
Ivan Pochta
Stock Trader Pro v.1.1 Launch Promo 4 / 5 additional copies by price $750 Next Price $990 Normal Price $1250 Stock Trader Pro   is a fully automated trading advisor designed to work in the   Stock Markets , in particular, to trade shares of the largest companies in the   US Stock Market . The system is based on the author’s trading strategy. Unlike Forex systems,   Stock Trader Pro     opens only LONG positions on the global trend on price pullbacks (corrections), analyzing data from several ti
750 USD
Ice Forex MT5
Stanislav Tomilov
Price: $599 8 of 10 copies left at this price Next price $699 RECOMMENDED BROKER FOR ICE FOREX Telegram channel:  https://t.me/aura_gold_ea Ice Forex EA is based on Genetic Algorithms and Support Vector Machine Algorithm to trade in the Forex market. In this EA, a new algorithm is used which is capable of generating technical rules to make investments with a given amount of leverage depending on the certainty of the prediction presented. To forecast these predictions, a combination of a Support
599 USD
Good Monday MT5
Konstantin Kulikov
The expert trades at the opening of the market after the weekend, focusing on the price gap ( GAP ). Already developed sets are in the comments. At the same time, various options are available in the expert settings, allowing you to create your own unique sets yourself.  All parameters are described in the blog: https://www.mql5.com/en/blogs/post/737064  . Last sets in comment #16 . The expert works on any timeframe equally well, as it automatically takes the necessary data from multiple timefr
197 USD
Multi Strategist
Julian Jäger
Forum News 24 August  How to upgrade own setfile to V4.401:  1) Load blank.set file. 2) Load your set file. 3) save your now updated setfile. News 25 May, 2020 New fundraising campaign. A donation of 50 EUR for each purchase between today and the end of 31 May 2020 will go to Aktion-Deutschland-Hilft project "Emergency assistance worldwide". Proof of donation can be provided. News 21 April, 2020 New fundraising campaign. A donation of $100 for each purchase made between today and the end of A
279 USD
To The Moon EA MT5
SERGEI RIEBIN
LAUNCH PROMO: ONLY 3 COPIES OUT OF 10 LEFT AT $599! Next price:        $699 Price will be kept high to limit number of users for this strategy To The Moon comprises the best out of   trend trading  applied to   bitcoin . As many people know   crypto markets   are much   less efficient   than traditional markets like Forex. It means they are easier to make profit on. They are also trend markets. Using high-quality trend systems as this one is the best possible way to leverage opportunities given
599 USD
Bober Lannister MT5
Arnold Bobrinskiy
Bober Lannister  - is fully automated crossplatform (mt5/mt4) EA which was developed as a night scalper. However after numerous researches  it's now possible to run this EA during full day with some securities. Live settings optimized by using real ticks data. Ea show good performance with EURCHF audnzd  usdcad gbpusd. Also it's possible to run multi set setup like few sets with currency at the same time.  Backtest: Default settings show good results  ONLY with EURCHF.  Ea works with other
1 200 USD
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Versión 1.1 2020.11.22
- Removed the multi-currency feature on the same chart to improve the backtests. You can still use the EA with multiple pairs but you need to install it on each cart separately now.
- Added a new exit strategy and created new set files that are much more profitable on backtests than the previous version.
- Removed some settings that are no longer required.
- Added an option to close all trades at a certain time on Fridays to avoid leaving trades open during the weekends. This feature can be enabled and disabled from the settings section.