Forex destiny
- Experts
- Daniel Emanuel Hardenberg
- Versão: 1.40
- Ativações: 20
Daily breakout system for Forex. Automating breakout is a weight of your shoulders, you can go to sleep and its all done for you. VPS Recommended, wether its required is up to you. I recommend Amazon AWS as it is super stable.
Current working pairs: USD/JPY -
Other pairs require further testing for longevity. when diversifying pairs its recommend to divide risk across all pairs so when one pair doesnt do well you dont have all the eggs in a basket, though USD/JPY is good for this system. Often consolidating pairs are not favourable.
Recommended deposit: $100
Utmost minimum: $30
Other products:
-Gold Snatcher [In the making]
My current risk is about 8% per trade wich is 0.01 lot size per €25 equity. Adjust it as you please.
Setup
On metratrade press CTRL + M. now market watch will open or close. if it closes open it again. you have no identified "market watch". at market watch you always see the time at the top next to the words "market watch". now you need to know at wich time a new daily candle starts, as soon as you know that time at market watch you can load the robot and there will be a display on the chart that shows market start time. you need to match that time to the time of the new candle using GMT offset parameter. this way the time changes to the correct moment. now all you have to do is remember your gmt offset if you ever reload this robot to a different device. If you need any help contact me at any time.
Parameters:
Enable Auto Lot Sizing: Choose Yes or No to enable autolot size. if yes, lotsize will become equity per 0.01 lot. so if you put in 100 in the lot size it will use 0.01 lot per 100 current currency of the account. if No, then lot size will be fixed.
Lot size (fixed) or Equity per 0.01 lot (auto): Fixed lot size, or equity per 0.01 depending on auto lot parameter.
Take profit in pips (0 = disabled): take profit distance in pips.
Stop loss in pips (0 = disabled): stop loss distance in pips.
Trailing stop in pips (0 = disabled): trailing stop distance in pips.
Trailing stop interval in seconds: this is to reduce serverload just in case you use a trailing stop. this determines modification frequency. Keep it low to prevent missing a stop when price moves very quickly up and down. for tight stops use 1 second. for normal reliable behaviour use 3 seconds.
Edge Distance: This is the distance from the edge of highest and lowest of the day so if price ends on the highest or lowest on the day then buy stops or sell stops will not instantly be triggered. this is set to 10 for safety. increasing it may reduce wins.
Magic number for orders: Identification number of trades.
GMT offset for market start time: This is important for setting up start time of market. You have to know when market begins in other to consider what is today and what is tomorrow. Should you see opportunity at a different time of the day you can shift it to your liking.
Enable/ disable automatic DST handling: this will automatically shift market start time as soon as daylight savings start or end. this should be unnescessary because 99% of brokers automatically adjust time based off new york. So if in your own country the time shifts earlier then it still shouldn't matter.
Do not overlook this setting, high chance it should be disabled. Perhaps its overkill.
