AL Joker IB
- Experts
- Version: 1.0
- Activations: 5
Name: AL Joker IB
Short description:
Initial Balance breakout EA for the New York, London and Tokyo sessions, with a trend-flip confirmation, fixed risk per trade and daily loss limits.
Full description:
AL Joker IB trades breakouts of the Initial Balance (IB) - the high and low of the first minutes of a trading session. A trade is opened only when a candle closes outside the IB and a trend-flip signal confirms the same direction on that candle.
How it trades
- Three independent sessions: New York, London and Tokyo. Each has its own start time, signal sensitivity and on/off switch.
- One position at a time. Every trade has a fixed stop loss and one take profit at 1:1, 1:1.5 or 1:2.
- The stop is placed beyond the signal candle, with minimum and maximum distance filters.
- Optional exit when price closes back inside the IB, switchable per session.
- Positions can be closed before the daily rollover and before the weekend.
Risk control
- Lot size from a risk percentage of balance, or a fixed lot.
- Trades are skipped, not enlarged, when the calculated size is below the broker minimum.
- Maximum trades per day, maximum losing trades per day, and a daily drawdown stop.
- Optional maximum spread filter.
Other features
- Automatic daylight-saving adjustment for brokers whose server time is GMT+2 / GMT+3 (New York close).
- Telegram alerts with chart screenshots (optional; add https://api.telegram.org to the allowed URLs).
- Works on hedging and netting accounts. No DLLs, no martingale, no grid.
Requirements
- Developed on XAUUSD M5. Other symbols and timeframes need their own settings.
- M1 history must be available for the symbol.
- Session times are entered in broker server time.
Please test in the Strategy Tester with your own broker's data before using it on a live account. Trading involves risk of loss. Past results do not guarantee future results.
