The EuroSURGE v3.0 updatebrings significant changes tothe Expert Advisor (EA), an automated trading system, focusing on efficiency, reliability, and simplification. Below is a breakdown of the key updates:
Reworked Trading Logic
The trading logic has been entirely overhauled.
Decisions about buying and selling are now based on acompletelynew foundation, aiming for improved performance and reliability.
Optimized Parameters for Currency Pairs
The system now internally stores optimized parameters for each currency pair.
Multiple Strategies per Symbol
Supports up to14 strategies per supported symbol.
Using multiple strategies per symbol enhances long-term stability and prioritizes quality trades over a high quantityof trades.
Multi Symbol Mode
The EA can now run all (supported) symbols from asingle chart.
It initializes all independent strategies and timeframes in the background, reducing the need for multiple open charts and improving efficiency.
Streamlined Interface
Buttons have been removedfrom the chart as they are no longer necessary.
Removal of Redundant Risk Features
Daily stop loss and max drawdown featureshave been removed.
The new trading logic and risk management system have made these features obsolete.
Comprehensive Overhaul
Every aspect of the EA has been reworked from top to bottom.
Unnecessary features ("fluff") have been cut, ensuring a solid, reliable foundation for future enhancements.
Simplified Risk Adjustment
Set files are no longer required.
Users only need to adjust their desired risk level. A1% riskis recommended when using all three currently supported symbols, making configuration straightforward.
Flexible Symbol Management
Symbols can beadded or removedvia the input menu.
This gives users flexibility to choose which currency pairs to trade.
Max Simultaneous Trades Setting
A new setting allows users to control themaximum simultaneous trades.
Setting it to0disablesthe restriction, permitting multiple trades per symbol in the same direction.
While the EA is designed not to overtrade, this option may slightly increase trade volume and potential returns, though it could also increase drawdown (DD).
Enhanced Backtesting
Users canbacktest all symbolsat oncein a single test to evaluate collective performance.
Adjust the max simultaneous trades setting during testing to find your preferred outcome over your desired period.
Proven Robustness
The system has beenstress-tested since 1999, providing confidence in its durability and performance across various market conditions.
Summary
EuroSURGE v3.0 is a major update that simplifies the user experience by removing manual configurations like set files and redundant risk controls. It introduces a reworked trading logic, supports multiple strategies per symbol, and offers efficient multi-symbol management from a single chart. With enhanced backtesting and a solid foundation tested over decades, the EA aims to deliver reliable, high-quality trading while allowing flexibility in risk and trade settings.
First of all, welcome—and thank you for supporting this endeavor. If this guide does not help you get set up, feel free to contact me directly for assistance.
Important Notice on Broker Compatibility
The EA (Expert Advisor) wasoptimized using MetaQuotesandcross-tested usingIC Markets, as I personally use IC Markets.
Therefore, it is very important that you useIC Markets. I cannot account for potential differences or discrepancies that may arise when using a different broker.
If You Prefer a Different Broker
You mustbacktest the EA using “Real Ticks” for at least 5 yearswith your chosen broker.
If the results are desirable, you may proceed.
If the results are not desirable, you have two options:
Option 1:
Open anIC Marketsaccount and run the EA directly on that account.
Option 2:
Open ademo accountwithIC Marketsandcopy the tradesto your preferred broker using theFX Blue Trade Copier.
FX Blue is free and efficient.
This option will requiretwo MT5 terminalsand additional setup steps not covered in this guide.
Please contact me directly for help setting this up.
Installation Steps
Download the EAinto your MT5 terminal.
Open 3 (or more) new charts.
The specificsymbols do not matter.
For demonstration, I’ll use:EURGBP,GBPUSD, andXAUUSD (Screenshots).
Set all charttimeframes to 5 minutesfor consistency.
Locate the EA under the“Market” folderin theNavigator window, andadd it to the first chart.
Chart Setup & Inputs
Important:Donotload more than2 symbols per chart.
Chart 1 Example: EURGBP and EURUSD
Theorder of symbols does not matter.
You may combine any 2 symbols or load each one on a separate chart for individual customization.
Max Simultaneous Trades Input
Default is1, which limits each symbol to one active trade at a time.
Setting it to 0disables this limit, allowing for multiple trades (my personal preference).
Note:If your broker enforcesFIFO rules, keep this input at1.
GMT Offset & News Filter
TheGMT offsetis based on yourbroker’s server time.
Adjust this value according to your broker as described in theInput Notes.
TheNews Filteris optional.
The EA was optimized with news events included, so disabling itwill not negatively affect long-term performance.
This feature ismainly useful for prop traders.
Important Built-in Rule
The EA ishardcoded to close all trades at 12:00 PM (noon) broker time on the first Friday of each month.
This cannot be disabled.
It helps avoid exposure to theNFP (Non-Farm Payroll)event, which is typically very volatile.
Close All Positions Friday Evening
This is anew inputmeant for prop trading use.
Default:false
I recommend keeping it false , as enabling it may prematurely close trades that could perform well the following week.
Repeat for Remaining Charts
Chart 2:LoadGBPUSDandXAUUSD.
You can adjust risk per symbol (e.g., 0.5% for XAUUSD and 1% for GBPUSD) by loading them onseparate chartsand customizing their parameters individually.
Repeat for remaining symbols.
Final Notes
You can load each symbol on its own chartor combine up to 2 per chart, depending on whether their settings are the same (IE risk preference).
After loading, theUI panelwill indicate which symbols are active on each chart.
The UI Panel will indicate whetherAutoTradingisEnabledorDisabled. If Disabled -Turn on Algo Tradingand ensure"Allow Algo Trading"is checked in the"Common"tab in the EA settings
Need Help?
If you need further assistance or clarification,do not hesitate to contact me directly. I'm happy to help.
EuroSurge v3.0 Inputs Overview (Referring to the Image)
Key Input Settings:
EuroSurge v3.0 Expert Advisor (EA) can be added to any chart andanytimeframe—these choices do not impact its functionality. Once attached, the EA automatically initializes all timeframes and parameters specific to the symbol it’s running on. The info panel will display the symbols currently in use.
Supported CurrencyPairsYoucan customize the currency pairs by adding or removing theminthe input field.
For example, if you only want to trade EURUSD,simplyremove all other symbols from the input and leave only EURUSD.
You can switch this toPercentageif that suits your trading style better.
Max Simultaneous TradesThe default is1, ensuring the EA operates in a FIFO-compliant way (First In, First Out).
You can increase this value or set it to0to remove the limitentirely, allowing multiple trades to open in the same direction. (Note: Hedging is not supported.)
GMTOffsetAdjustthis based on your broker’s time zone.
Examples:
For GMT+1 (e.g., broker time is GMT+1), set this to1.
For GMT+3, set it to3.
The default value is2.
Important Note:
These are the only settings you should consider adjusting. All other parameters are hard-coded to simplify the interface, as the system incorporates over 70 strategies, which would otherwise require an overwhelming number of inputs.
The EuroSURGE v3.0 update brings significant changes to the Expert Advisor (EA), an automated trading system, focusing on efficiency, reliability, and simplification. Below is a breakdown of the key updates:
Reworked Trading Logic
Optimized Parameters for Currency Pairs
Multiple Strategies per Symbol
Multi Symbol Mode
Streamlined Interface
Removal of Redundant Risk Features
Comprehensive Overhaul
Simplified Risk Adjustment
Flexible Symbol Management
Max Simultaneous Trades Setting
Enhanced Backtesting
Proven Robustness
Summary
EuroSURGE v3.0 is a major update that simplifies the user experience by removing manual configurations like set files and redundant risk controls. It introduces a reworked trading logic, supports multiple strategies per symbol, and offers efficient multi-symbol management from a single chart. With enhanced backtesting and a solid foundation tested over decades, the EA aims to deliver reliable, high-quality trading while allowing flexibility in risk and trade settings.
EuroSurge MT5 Installation Guide
(Refer to the screenshots)
Welcome
First of all, welcome—and thank you for supporting this endeavor. If this guide does not help you get set up, feel free to contact me directly for assistance.
Important Notice on Broker Compatibility
The EA (Expert Advisor) was optimized using MetaQuotes and cross-tested using IC Markets, as I personally use IC Markets.
Therefore, it is very important that you use IC Markets. I cannot account for potential differences or discrepancies that may arise when using a different broker.
If You Prefer a Different Broker
You must backtest the EA using “Real Ticks” for at least 5 years with your chosen broker.
If the results are desirable, you may proceed.
If the results are not desirable, you have two options:
Option 1:
Open an IC Markets account and run the EA directly on that account.
Option 2:
Open a demo account with IC Markets and copy the trades to your preferred broker using the FX Blue Trade Copier.
FX Blue is free and efficient.
This option will require two MT5 terminals and additional setup steps not covered in this guide.
Please contact me directly for help setting this up.
Installation Steps
Download the EA into your MT5 terminal.
Open 3 (or more) new charts.
The specific symbols do not matter.
For demonstration, I’ll use: EURGBP, GBPUSD, and XAUUSD (Screenshots).
Set all chart timeframes to 5 minutes for consistency.
Locate the EA under the “Market” folder in the Navigator window, and add it to the first chart.
Chart Setup & Inputs
Important: Do not load more than 2 symbols per chart.
Chart 1 Example: EURGBP and EURUSD
The order of symbols does not matter.
You may combine any 2 symbols or load each one on a separate chart for individual customization.
Max Simultaneous Trades Input
Default is 1, which limits each symbol to one active trade at a time.
Setting it to 0 disables this limit, allowing for multiple trades (my personal preference).
Note: If your broker enforces FIFO rules, keep this input at 1.
GMT Offset & News Filter
The GMT offset is based on your broker’s server time.
Adjust this value according to your broker as described in the Input Notes.
The News Filter is optional.
The EA was optimized with news events included, so disabling it will not negatively affect long-term performance.
This feature is mainly useful for prop traders.
Important Built-in Rule
The EA is hardcoded to close all trades at 12:00 PM (noon) broker time on the first Friday of each month.
This cannot be disabled.
It helps avoid exposure to the NFP (Non-Farm Payroll) event, which is typically very volatile.
Close All Positions Friday Evening
This is a new input meant for prop trading use.
Default: false
I recommend keeping it false , as enabling it may prematurely close trades that could perform well the following week.
Repeat for Remaining Charts
Chart 2: Load GBPUSD and XAUUSD.
You can adjust risk per symbol (e.g., 0.5% for XAUUSD and 1% for GBPUSD) by loading them on separate charts and customizing their parameters individually.
Repeat for remaining symbols.
Final Notes
You can load each symbol on its own chart or combine up to 2 per chart, depending on whether their settings are the same (IE risk preference).
After loading, the UI panel will indicate which symbols are active on each chart.
The UI Panel will indicate whether AutoTrading is Enabled or Disabled. If Disabled - Turn on Algo Trading and ensure "Allow Algo Trading" is checked in the "Common" tab in the EA settings
Need Help?
If you need further assistance or clarification, do not hesitate to contact me directly. I'm happy to help.
EuroSurge v3.0 Inputs Overview (Referring to the Image)
Key Input Settings:
Important Note:
These are the only settings you should consider adjusting. All other parameters are hard-coded to simplify the interface, as the system incorporates over 70 strategies, which would otherwise require an overwhelming number of inputs.
Lots of green this month so far.