Discipline By DPCTrader

EA utility to help you with your Discipline for New Traders.

When Balance Drop below set Daily Max Percentage Draw Down Balance. Any new trades open after the DD Threshold reached, Bot will close any new trades instantly and will keep canceling any pending orders placed as well until the Next Daily Candle is formed or EA is removed.

Note:

1. Please Attached EA Utility before start trading for the day. 

2. Set Timeframe before attaching EA utility to the chart. If timeframe changed after taking any trades, it will not take those previous trades into account as initial balance reference resets when utility removed and reinitialized.  

E.g.  Parameter

Stop_Trading_DD_Percentage = 1   [Means act on 1% Balance Drawdown for Today]


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This Utility Bot is for New Traders, that struggle to spot the Trend direction. It also make you conscious about different Timeframes Bar Status.  Utility have 3 Moving Averages totally configurable by input parameters. 3MA Based Trend is shown for the current Timeframe selected on the chart. (Line 1) 3MA Based Trend for Daily Timeframe. (Line 2nd) Also provide quick information about the currently Hourly Daily and Weekly Candle Status.  Utility work on 1 Min Bar control, so comment section info
FREE
No Grid or Martingale system used. EA uses Trend Following Hybrid System, using Turtle Breakout System and Advanced Trading Techniques. Screenshot of Back Test Attached for Hourly Timeframe GBPJPY from [ Jan 2011 - Oct 2022] . Recommended Pair To Trade: GBPJPY (Input Settings Provided as Default for H1) Recommended Timeframe: Hourly (H1) Note: Can use on any Trending Pair  or Timeframe , but make sure to change parameters accordingly e.g. (TP, SL and Bar Count) and perform thorough Back Test if
NO Martingale or Grid System used. Breakout System Recommended Pair  GBPJPY : Hourly (H1)Timeframe BackTested from 2007 - 2022 screenshots attached. Take Profits are done using Trailing SL. BreakEven option and Manual TakeProfit Setting option provided for users to tweak if desired. EA opens 1 Breakout trade at a time. Default values are Recommended for GBPJPY H1 based on this Trading System. 
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