Zonas BreakFast MT5 EA
- Experts
- Chika Echezona Anumba
- Versione: 1.0
- Attivazioni: 10
IMPORTANT! Please after purchase, send me a private message to receive the installation manual and set up instructions.
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.
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.
Exit Logic
· Stop loss level
· Take profit level
· Breakeven stop
· Trailing stop
· Optional Virtual-stop with Emergency Exit Level
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
Trade management rules
· Max Daily Consecutive Losses Limit
· End-of-day exit
· End-of-week exit
Filters
· News event filter
· Spread spike filter
Testing & Optimization
· In-built custom performance matrics
· b) Use of any testing modelling mode.
· c) Default testing and optimization done using 'open price only' modelling mode with virtual-stop enabled. d) Any symbol (default USDJPY)
· e) Any timeframe (default M15)
Minimum requirements and recommendations
· Recommended brokers: FundedNext (Stellar Lite) or a broker with ECN/RAW/LOW spread type.
· Minimum initial deposit: $100 in accounts with upto 1:500 leverage.
· Recommended initial deposit: $5000 in accounts with upto 1:500 leverage.
· Leverage at least 1:100, 1:500.
· Account type: Hedging.
· Use a VPS for the EA to work 24/7 (Mandatory).
