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Ignition

Strategy Overview

The Ignition EA tries to take advantage of sudden momentum when the Ignition pattern is detected. The final bar in the ignition pattern has a small opening wick, a very little or no closing wick, is large in comparison to recent bars and must start from the lower end of the current range (for a bullish ignition)

Quick Testing

Use Symbol EURUSD, Timeframe M2, and remove the GBPUSD symbol from the "Symbols" input (stratergy 1 and stratergy 2)

Settings
The below settings appear twice, under "stratergy 1" and "stratergy 2"
  • Symbols: Stratergy symbols
  • Magic Number: EA unique ID
  • Timeframe: Stratergy timeframe
  • Max Spread: Max spread for new positions
  • Max Slippage: Max Slippage for new positions
  • Risk Percentage for Auto Lot: Percentage of account balance to risk when calculating lot size. Set to 0 for fixed lot size
  • Fixed Lot Size: Fixed lot size if not using auto lot
  • Ignition Bar Min Size Multiple: Min size of the ignition candle, as a proportion of the biggest recent bar
  • Max Wick Opening Size: Max size of the opening wick, as a proportion of total candle size
  • Max Wick Closing Size: As above, for the closing wick
  • Max Distance From Bottom: Max distance from recent lows (if bullish) to the start of the ignition candle, as a proportion of average recent candle size
  • Number of Bars in Pattern: The number of recent bars to consider in the ignition pattern
  • Bollinger Touch Required: If true then the ignition candle must touch the bollinger on two higher timeframes
  • Bollinger Timeframe 1: Timeframe for the first bollinger touch
  • Bollinger Timeframe 2: Timeframe for the second bollinger touch
  • Bollinger Period: The bollinger period to use
  • TP as a proportion of SL: SL is automatically set based on the lowest point in the pattern (if bullish). This setting controls the TP as a proportion of the SL
  • Stop Loss Multiplier: Allows the default stop loss set by the pattern to be adjusted (without affecting TP)
  • Enable Trailing Stop: If true the SL will follow positive price movements
  • Trailing Stop ATR Multiplier: SL distance when trailing
  • Only Trail In profit: If true then don't start trailing until SL is profitable
  • Reduce Trail Closer to TP: If true then reduce SL distance when getting closer to TP
  • Reducing Trail Final ATR Multiplier: The final SL distance if using reducing trailing stop

Expected Performance

Back testing shows a positive expectancy over the test period with a decent profit factor, sharpe ratio and drawdown, however the entry is rare, and not all symbols produce the same performance.

The EA was created and optimised in October 2020, so any back testing performance after that is not as a result of optimisation, except for choice of symbols in the default settings. The performance before and after optimisation indicates a possible absence of curve fitting, however future results are always unpredictable and a longer evaluation period is always preferable, especially for an entry which occurs infrequently.

Please note the symbol GBPUSD was not included in the test results shown and should be removed if you want to run the EA with the same settings.


Support

If a bug is found please send a private message. Support is only available in English.

Important Information

This EA is offered based on the following points. If you do not agree with any of these then please do not buy the EA.
  • You have fully read the EA description
  • You understand the strategy as described and have had the chance to ask questions & evaluate the EA using the MT5 strategy tester
  • It is your responsibility to decide what strategies to use when putting your own money at risk, and the EA is a tool to help run your chosen strategy
  • Trading is a high risk activity and many people make a loss while trading
  • The default settings are not trading recommendations, you will take the time to understand the settings and change them if you see fit
  • Past performance is not a guarantee of future performance and future results are unpredictable
  • Performance can vary between users for many reasons, such as broker differences. Traders should do their own due diligence before putting money at risk
  • EA trading is not an easy way to get rich while you sleep. It takes effort and an understanding of trading strategies to be successful


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Présentation       Quantum Trade EA   , le conseiller expert MQL5 révolutionnaire qui transforme la façon dont vous négociez la prestigieuse paire GBPUSD ! Développé par une équipe de traders expérimentés avec une expérience de trading de plus de 13 ans, Quantum Trade       EA est conçu pour propulser votre parcours commercial vers de nouveaux sommets grâce à sa stratégie de zone d'évasion innovante et dynamique. IMPORTANT! Après l'achat veuillez m'envoyer un message privé pour recevoir le man
Daytrade Pro Algo MT5
Profalgo Limited
4.5 (10)
Promotion de lancement : Nombre limité d'exemplaires disponibles au prix actuel Prix ​​final : 990$ NOUVEAU : obtenez 1 EA gratuitement !   (pour 2 comptes commerciaux) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Bienvenue sur DayTrade Pro Algo !   Après des années d'étude des marchés et de programmation de différentes stratégies, j'ai trouvé un algorithme qui a tout ce dont un bon système de tradi
Way To Stars is a night scalping EA specifically designed to trade during periods of low market volatility to capitalize on low-risk opportunities. This night scalping EA focuses on capturing small price movements for frequent trading, thereby accumulating profits over time. It employs strict stop-loss measures to limit potential losses per trade, ensuring effective risk management. Way To Stars is a genuine and honest trading system that does not rely on purported neural networks, artificial i
Darwin Swing MT5
Guillaume Duportal
4.92 (38)
Darwin SWING Prix de lancement 999 USD , futur prix 1490 USD DESCRIPTIONS : -- Pour comprendre le fonctionnement, venez lire le blog (Cet EA reflète ma philosophie du trading forex…Si vous aimez ma façon de voir les choses, alors vous aimerez mon EA. Prenez le temps de le faire !! (Le forex n’est pas une course) : https://www.mql5.com/en/blogs/post/745790 -- Pour voir les performances passées voici les liens des signaux Live et démo signals : https://www.mql5.com/en/users/tradedea
AI NeuroX EA
Denis Kurnev
4.5 (14)
AI NeuroX EA is an innovative trading advisor based on advanced artificial intelligence technologies, including neural networks and the Perplexity and GPT-4 platforms. This advisor has a unique ability to analyze and predict the dynamics of financial markets using deep learning and advanced algorithms. Thanks to the intuition that even the most experienced traders would envy, AI NeuroX EA is capable of developing unprecedented trading strategies, ensuring excellent performance. This advisor oper
Forex GOLD Investor MT5
Lachezar Krastev
4.88 (49)
SHOCK DEAL --> JUST RELEASED UPDATE + DISCOUNT + BONUS EA Forex GOLD Investor is one of the best expert advisors developed to trade on GOLD(XAUUSD) in the forex market. Forex GOLD Investor consists of 2 trading systems . The first one is based on scalping trading strategy and the second system has time based dependency which opens up to 2 trades at a time. It has been tested rigorously to get the most successful results. You do not need to do any optimizations if you use the default settings
Bienvenue chez GoldEnergy Advisors, un trader actif de la paire XAUUSD(GOLD). Développé par notre équipe, il peut être utilisé pour les comptes généraux, les comptes autofinancés et les opérations autogérées. N'utilisez pas le HFT. See all products here:     https://www.mql5.com/en/users/fxmanagedforexltd/seller ***PRIX DE LA VERSION PRÉCÉDENTE*** Le bénéfice mensuel moyen en temps réel pour un compte de 1 000 $ est supérieur à 30 %   . :   https://www.mql5.com/es/signals/2212389 Le système Gold
DaVinci Code EA
Shintaseftiana
3.4 (5)
The price of this EA will be increased steadily, to limit the number of users trading with this system. The Current price is 2 copies left of 5 provided , next price 999 usd,    so come on hurry up Introducing DaVinci Code EA - the ultimate Expert Advisor that's out of this world! This cutting-edge EA operates on a super advanced system with Market Structure and OrderBlock, all set to skyrocket your trading success. Live Signal     |     Channel    |    Setfile Although DaVinci Code EA can ru
Hercules AI
Aleksandr Chebotaev
5 (4)
Hello, my name is Alexander. I would like to introduce you to my new development, the Hercules AI advisor. The advisor is synthesis of Price Action Method and Artificial Intelligence technologies.  It doesn't use  any indicators. The EA works well on Gold  pair. The advisor has shown stable performance for more than 10 years. It does not use dangerous trading methods such as martingale, etc. All transactions are protected by take profit and stop loss. I tried to make the advisor as easy to insta
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Previous Day Breakout MT4
Dansie Software Limited
Strategy Overview The Previous Day Breakout EA attempts to take advantage of price movements when the price exceeds the high or low price from the previous trading day. The EA opens a position in the direction of the breakout with the hope that the price will keep moving in the same direction, and that this will occur often enough to be profitable over the long term. Quick Testing: Use Symbol US500, Timeframe: Daily, and adjust set the start time and end time according to broker timezone   (de
Previous Day Breakout MT5
Dansie Software Limited
Strategy Overview The Previous Day Breakout EA attempts to take advantage of price movements when the price exceeds the high or low price from the previous trading day. The EA opens a position in the direction of the breakout with the hope that the price will keep moving in the same direction, and that this will occur often enough to be profitable over the long term. Quick Testing: Use Symbol US500, Timeframe: Daily, and adjust set the start time and end time according to broker timezone   (de
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