Gecko EA MT5

This is a "real" trading system, which means it will use a SL to protect the account.  It also means it will not use any dangerous techniques like martingale, grid or averaging down.

The EA shows its strength in the fact that the internal parameters are not over-optimized for a single pair.

So for example, the EURUSD settings would also be profitable on USDJPY or GBPUSD.  

The EA uses many trade management techniques, including but not limited to:

• a Trailing SL, using multipe parameters to control its function
• "Move to Break-even" at certain point, with the possibility to add extra pips to the point of breakeven
• Trailing SL based on recent highs/lows, including an option to run this only until breakeven level (to provide more room for full TP to be reached)
• Trailing SL based on trade duration, to limit exposure after the move has run out of momentum

There are many risk management option, including setting a risk per trade.

The EA is developed mainly for EURUSD, GBPUSD and USDJPY, since those are the most succesful pairs for running breakout strategies.  However, backtests shows promising results on multiple pairs  like AUDUSD, without any further optimization for those pairs.

Recommended timeframe is H1.

Minimum accountbalance: 100$

Key features:

• This is NOT a scalper EA, and it does not use any grid/martingale or other risky techniques.  
• It uses very strict Stoploss, at safe distance.
  
• Plug and play, no set files needed
• EA is not sensitive to spread or slippage
• No risk of over-optimization, since no real optimization process has been done in creating the EA.
• No dangerous money management techniques used like grid or martingale
• High correlation between live trades and backtest trades
• Stress Tested with 99.90% tickdata using variable spread and slippage simulation