Deadly Weapon EA
- Experts
- Paballo Justice Tsoako
- Versione: 1.1
- Attivazioni: 5
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.
Key Features
1. Zone Detection System
- Rectangle-Based Zones: Detects support and resistance levels from manually drawn rectangles on the chart, allowing traders to define their own key levels
- Auto-Zone Detection: Automatically identifies support/resistance zones based on recent swing highs and lows when no rectangles are present (ideal for Strategy Tester)
- ATR-Based Zone Tolerance: Uses Average True Range to dynamically adjust zone sensitivity
2. Signal Generation
The EA generates four types of signals:
- Support Bounce: Price touches support zone and reverses upward (BUY signal)
- Support Breakout: Price breaks below support zone (SELL signal)
- Resistance Bounce: Price touches resistance zone and reverses downward (SELL signal)
- Resistance Breakout: Price breaks above resistance zone (BUY signal)
3. Advanced Risk Management
- Fixed Lot Sizing: Consistent position sizing with configurable lot size
- Maximum Daily Drawdown Protection: Automatically pauses trading when daily loss limit is reached
- Trade Limits: Configurable maximum trades per symbol and total open trades
- Smart Drawdown Handling: Option to close only losing trades when drawdown is hit, allowing profitable trades to run
4. Trade Management
- Trailing Stop Loss: ATR-based trailing stop that activates after a specified profit level
- Trailing Take Profit: Dynamic take profit that trails price to capture extended moves
- Partial Close: Option to close a percentage of the position at a predefined R:R level, securing profits while letting the rest run
- Customizable R:R Ratio: Set your reward-to-risk ratio for take profit calculation
5. Simultaneous Entry System
- Execute multiple positions (2-5) on a single signal for scaled entry strategies
- On-chart button to toggle simultaneous entry on/off
- Perfect for traders who want to partially close positions at different levels
6. Session & Time Filters
- Session Filtering: Trade only during Asian, London, and/or New York sessions
- Day Filters: Enable/disable trading on specific days (Monday, Friday)
- Friday Early Stop: Option to stop new trades after a specific hour on Fridays to avoid weekend gaps
7. Order Filling Mode Control
- Auto-Detection: Automatically detects the correct filling mode for your broker
- Manual Override: Choose between FOK (Fill or Kill) best for INDICES and CFD's, IOC (Immediate or Cancel), or Return modes
- On-Chart Button: Quickly switch filling modes without restarting the EA NB: filling mode is necessary for execution, so in some brokers it might happen that INDICES do not execute on say IOC so you may need to switch to FOK for better trade execution
8. Trend & Volume Filters (Optional)
- EMA Filter: Only take trades in the direction of the trend (above/below EMA)
- Volume Filter: Require minimum volume levels before entering trades
- Breakout Volume Confirmation: Require higher volume for breakout signals
9. Signal Strength System
- Each signal is scored from 0-100 based on multiple factors
- Configurable minimum strength threshold to filter weak signals
- Factors include: zone touch count, volume, trend alignment, ATR-based entry quality
10. Visual Dashboard
- Real-Time On-Chart Display: Shows account status, daily P&L, drawdown percentage, active zones, and current signals
- Color-Coded Information: Success (green), Warning (yellow), Danger (red) color coding
- Customizable Appearance: Adjust colors, position, and size to your preference
11. Alert System
- Multi-Channel Alerts: Popup alerts, push notifications, and sound alerts
- SL/TP Hit Notifications: Get notified when stop loss or take profit is triggered
- Drawdown Warnings: Immediate alerts when daily drawdown limit is approached
12. Market Safety Features
- Market Open Check: Verifies the market is open before attempting trades
- Margin Check: Ensures sufficient margin before placing orders
- Weekend Protection: Warns when attempting to trade near market close
Who Is This EA For?
Ideal Users:
- Price Action Traders: Those who trade support/resistance levels and want automation of their strategy
- Swing Traders: Perfect for multi-hour to multi-day trading on H1-D1 timeframes
- Gold/Forex Traders: Optimized for XAUUSD but works on any symbol with clear S/R levels
- Risk-Conscious Traders: Those who prioritize capital preservation with strict drawdown controls
- Manual + Auto Hybrid Traders: Draw your zones manually, let the EA execute and manage trades
- 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.
