Deadly Weapon EA

Deadly Weapon EA v1.1 - Professional Description

Overview

Deadly Weapon EA is a sophisticated multi-strategy Expert Advisor designed for MetaTrader 5 that trades based on Support/Resistance zone breakouts and bounces. It combines price action analysis with advanced risk management features, making it suitable for both manual and fully automated trading approaches.
Who Is This EA For?

Ideal Users:
  1. Price Action Traders: Those who trade support/resistance levels and want automation of their strategy
  2. Swing Traders: Perfect for multi-hour to multi-day trading on H1-D1 timeframes
  3. Gold/Forex Traders: Optimized for XAUUSD but works on any symbol with clear S/R levels
  4. Risk-Conscious Traders: Those who prioritize capital preservation with strict drawdown controls
  5. Manual + Auto Hybrid Traders: Draw your zones manually, let the EA execute and manage trades
  6. Prop Firm Traders: Built-in daily drawdown limits help comply with prop firm rules
Experience Level:
  • Intermediate to Advanced: Understanding of support/resistance concepts recommended
  • Beginners: Can use auto-zone detection and default settings to learn

Recommended Settings

Parameter
 Conservative
 Balanced 
  Aggressive
 Fixed Lot Size
 0.01 0.02 0.05
 R:R Ratio 
 2.2 3.0 4.0
Max Daily Drawdown
 10% 15% 20%
Min Signal Strength 
 60 40 20
Trailing SL
 Enabled Enabled Optional
Recommended Pairs & Timeframes
  • Best Performance: XAUUSD (Gold), EURUSD, GBPUSD, USDJPY
  • Recommended Timeframes: H1, H4, D1
  • Can Also Work On: M15, M30 (with adjusted parameters)
  • NB: Works on other symbols INDICES, CFD's and CRYPTO
Important Notes
  • Backtesting: Enable `Auto_Zone_Detection` when backtesting since manual rectangles are not available in Strategy Tester
  • Broker Compatibility: Works with all MT5 brokers; filling mode is auto-detected
  • VPS Recommended: For 24/5 operation, use a VPS near your broker's server

Version History

v1.1 (Current)
  • Added visual on-chart dashboard
  • Added market open/close detection
  • Added margin sufficiency check
  • Improved simultaneous entry system
  • Enhanced alert system with SL/TP notifications
  • Added on-chart buttons for filling mode and simultaneous entry toggle
 Disclaimer

Trading involves significant risk of loss. Past performance does not guarantee future results. This EA is a tool to assist your trading - always use proper risk management and never risk more than you can afford to lose.
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