Zonas BreakFast MT5 EA
- Experts
- Chika Echezona Anumba
- Versione: 1.0
- Attivazioni: 10
Zonas BreakFast MT5 EA (V 1.0)
IMPORTANT! Please after purchase, send me a private message to receive the installation manual and set up instructions.
Features & Characteristics
1. Market condition and strategy Zonas BreakFast MT5 EA is a price consolidation range breakout strategy. The signal is generated at bar close, when price forms a consolidation within a specified number of bars under conducive volatility and spread.
2. Entry logic
Entry is by price break in one direction, of either of the placed pending buy or sell stop orders at the range high and low respectively, in direction of the prevailing trend.
3. Exit Logic
- Stop loss level
- Take profit level
- Breakeven stop
- Trailing stop
- Optional Virtual-stop with Emergency Exit Level
4. Risk and position sizing
- Optional Fixed and Dynamic Lot Sizing
- Max. Daily Limit
- Absolute Limit
- Optional inclusion of Commission
- Optional inclusion of swap
- Spread and Slippage simulation
5. Trade management rules
- Max Daily Consecutive Losses Limit
- End-of-day exit
- End-of-week exit
6. Filters
- News event filter
- Spread spike filter
7. Testing & Optimization
- In-built custom performance metrics
- Use of any testing modelling mode
- Default testing and optimization done using 'open price only' modelling mode with virtual-stop enabled
- Any symbol (default EURUSD)
- Any timeframe (default M15)
8. Minimum requirements and recommendations
- Recommended brokers: Broker with ECN/RAW/LOW spread type [default: FundedNext (Stellar Lite)]
- Minimum initial deposit: $50 in accounts with up to 1:500 leverage
- Recommended initial deposit: $5000 in accounts with up to 1:500 leverage
- Leverage at least 1:100, 1:500
- Account type: Hedging
- Use a VPS for the EA to work 24/7 (Mandatory)
PRECAUTIONARY NOTE
- Customers are advised to save their current settings (set files) before updating, as updates may reset parameters to default.
- Please test the EA in a demo account.
- The parameter settings of the application are never a recommendation.
- Use the MT5 Strategy Tester to find the settings you like, using your broker’s price data.
- Losses can result from hardware, software or internet connection failures.
- Past performance is not necessarily indicative of future results.
- Use virtual private server (VPS) for 24/7 hosting of your trading terminal.
