Mosquito FX MT5
Mosquito FX MT5 is a fully automated trading system special coded for NZDCAD M15 Timeframe.
1. Installation:
Please attach the EA to NZDCAD M15 Chart and set it.
2. Spread:
No special requirements, regarding the trading cost, the lower the better.
3. Potential False Bar on Lower Timeframe:
3.1 What is False Bar?
Due to the quality of Liquidity Providers, "False Bars" on lower timeframes are very popular for AUDCAD and NZDCAD, especially on M1 and M15 Timeframes. False Bar = a candlestick that clearly differs from the market price and quickly disappears.
Koala EA needs very accurate data feed. False Bars will challenge its logic significantly.
3.2 How to deal with False Bar
Run Koala EA on Tickmill's Demo account, then use Local Trade Copy EA to copy the trades to your live account with your own trusted Brokers.
Use MoneyManagement: True
Fixed Lot Size: 0
Auto Lot Balance (Per 0.01 Lot): 500
It means every $500 balance, the starting volume is 0.01 Lot.
500 = Normal Risk
400 = Medium Risk
Trade Comment: Mosquito EA
Allow To BuySell: Select from “Buy only”, “Sell only”, and “Buy and Sell”
