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Project IG MT5

The EA is not a scalper.

The EA uses a strategy based on the breakdown of local support and resistance levels, also uses the reverse and rebound from support and resistance levels. 

The EA is based on the original author's strategy.

Detailed description of the strategy here: https://www.mql5.com/ru/blogs/post/728430

This is a link for general discussion of the EA: https://www.mql5.com/ru/blogs/post/728430

Hidden Take profit, Breakeven and Trailing stop are used.

The EA uses only the M5 timeframe and trades on most of the major pairs.

Attention! This EA is only for "hedging" accounts.

For EA to work properly, follow the Minimum balance and leverage requirements.

Requirements and recommendations

  • The EA is attached to only one chart (any of the working pairs) - all trading on all pairs is carried out from only one chart! In the settings you can enable and disable currencies.
  • The recommended balance:
    1. The minimum allowed balance (when used on recommended pairs and timeframes) is $ 2000 or $ 20 on a cent account.
    2. The recommended balance for safe long-term trading (when used on recommended pairs and timeframes) is $ 3000 or $ 30 on a cent account.
  • Leverage from 1:500 and more.
  • Safe trading requires a minimum lot of 0.01. Check your broker to support a minimum lot of 0.01.
  • Required account with Hedging support.
  • Do not interfere with the work of the EA, and do not close the order manually.
  • Use a separate account for the EA. (Do not use multiple advisors for one account).
  • Broker Broker with five-digit and three-digit quotes.
  • EA requires a standard VPS server. ( EA does not work on MQL5 VPS )
  • EA requires RAM: 1100 MB.
For the EA operation, open "Tools" > "Options" > "Expert Advisors". Check the option "Allow WebRequests for listed URL:". Add   https://time.is/UTC and click OK.

You can test the EA on a multi-currency strategy tester and see the full operation of all pairs.

  • Multi_Currency_BackTest - if set to true, a multi-currency tester is used.
When using the multi-currency tester, select the M5 timeframe.

The robot does not require all ticks in history. For quick test, use:

  • Tick simulation methods:
    • M1 OHLC (simulation of 1-minute bars, OHLC prices).
    Pairs and timeframe

    1. EURUSD / M5.
    2. GBPUSD / M5.
    3. GBPJPY / M5.
    4. USDCHF / M5.
    5. USDJPY / M5.
    6. AUDUSD / M5.
    7. GBPAUD / M5.
    8. USDCAD / M5.
    9. GBPCAD / M5.
    10. EURAUD / M5.
    11. EURCAD / M5.
    12. EURGBP / M5.
    13. EURJPY / M5.
    14. GBPCHF / M5.
    15. NZDUSD / M5.
    16. GBPNZD / M5.
    17. EURCHF / M5.
    18. NZDJPY / M5.
    19. CHFJPY / M5.
    20. CADJPY / M5.
    21. EURNZD / M5.


      Parameters

      • EURUSD - if true, use EURUSD;
      • ...
      • EURNZD - if true, use EURNZD;
      • Magic_Start - ID of EA's trades.
      • Magic_Finish - ID of EA's trades.
      • Symbols_Prefix(Suffix)_Name - enter the prefix (suffix) ONLY if the name of the symbols uses a suffix (for example: "m."(".m") if the symbol name is "m.EURUSD"("EURUSD.m"));
      • Custom_Risk - if true, the lot size increases when account balance grows (risk management);
        • User_Balance - user-defined balance;
        • Add_to_User_Balance % - Add to User_Balance for a smooth transition to a new lot.
        • Lot on every - lot size per User_Balance;
        • Fixed_Lot - fixed lot (if Use_Risk_StopLoss is false);
        • Order Type - trading direction;
        • Order Comment - comments to orders;
        • Slippage - allowed slippage before an order is triggered;
        • Show_Info_Panel - use the information panel (false - faster backtest);
        • Show_additional_panel - use the info panel for profit indicator per each month, for backtest only;
        • Multi_Currency_BackTest:
          • true - use the multi-currency tester;
          • false - use the current currency and timeframe;
        • Max Spread - maximum allowed spread;
        • Trading within the week:
          • Monday - trade on Monday;
          • ...
          • Friday - trade on Friday.
        • Time trading within a day:
            • Use time - if true, the EA trades by time;
            • GMT Mode - manual setting;
            • GMT_mode - GMT offset of the broker server time (0 - disabled);
            • Every_Day_Start - operation start time (hh:mm);
            • Every_Day_End - operation end time (hh:mm).
          • Time to disable on Friday:
            • Use time - if true, the EA trades by time;
            • Disable_in_Friday - operation end time on Friday (hh:mm).



          レビューなし
          バージョン 2.93 2019.08.18
          1) Added information about the minimum lot.

          2) Added automatic GMT configuration:
          For the EA operation, open "Tools" > "Options" > "Expert Advisors". Check the option "Allow WebRequests for listed URL:". Add https://time.is/UTC and click OK.