Daklak MT5 the new generation EA. The basic concept is trend following. The indicators included in this EA will detect the price level and the movement of the market that is high possibility trend will continue. The fixed stop loss are always set for each trade. This EA has smart money management. Users only need to determine the accepted loss for each trade, EA will calculate the lot size for each trade according to stop loss price.
Therefore, this EA is very safe.
This EA will open 2 trades each entry condition. One will have fixed take profit, one use trailing stop to optimum profit.
This EA is very easy to use and can apply for many currency pairs.
Recommended timeframe is H1.
The default settings are optimized for following currency pairs: EURUSD, GBPUSD, USDJPY, USDCAD, EURGBP, EURJPY, GBPCHF, GBPJPY, AUDCAD, EURCAD, CADCHF, GBPAUD, GBPNZD, NZDCHF, USDSGD and XAUUSD.
Note:
1. The default setting is set for 1 currency pair. If you parallel run on many currency pairs, please consider to reduce the risk rate.
2. Minimum deposit: $100
3. Account type: Any
Parameters
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ShowPanel=false- Mean do not show information panel (increase backtesting speed)
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AutoSetting=true - Mean EA will automatically select the value of parameter
iFastDaklak and
iSlowDaklak■
iFastDaklak=4.0 - This factor will determine the below limit of market movement to take the trade.
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iSlowDaklak=10.0 - This factor will determine the above limit of market movement to take the trade.
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Stop loss rate=2.5 - This parameter will determine the Stop Loss distance of the trade.
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Use Money Management?=true - Mean EA use money management.
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RiskPercent=5.0 - Mean loss 5% of balance for a loss trade.
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LotSize=0.1 - Basic lot size (if Is Using Money Management=false ).
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Max Spread in Points=50 - Maximum spread to open the trades.
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Slippage=30 - Slippage.
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Comment=DaklakMT5v1.0- Comment.
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MagicNumber=474747- Magic Number.
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TimeStart=09:00 -Starting time to trade.
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TimeStop=21:30 -Stopping time to trade.
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BreakEvenPoint=10 -Lock in points.
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TrailingRate=2.0 -This factor will determine the distance between current price and stop loss.
■ TrailingStep=20 -Mean the minimum distance to trailing stop is 20 points.
Safe EA with fixed SL. Many pairs selectable for trading. That reduces risk. Just set the risk value, that's it. Trades are opened as in tester. Developer is friendly and helpful. --- Updates: 20200715 until now overall losses (1 month in use) --- 20200801 the pairs gbpjpy and usdjpy are removed, trading on eurusd and eurjpy is profitable.