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Masterstroke EURUSD M5

This Expert Advisor is a combination of

  • Bollinger Bands
  • Moving Average of Oscillator
  • Oscillator of BBP
  • Market Facilitation Index

Position is closed based on Keltner Channel so there is no take profit and stop loss.

Position will close automatically also after counter signal.

Attention: In backtests always use each tick mode!

  • Currency: EURUSD
  • Timeframe: M5

This EA is one of several which I use on my real account in "Turtle" signal:

https://www.mql5.com/en/signals/224035


Input parameters

  • Amount for a new position - lot size of new position
  • Amount to add on addition - lot size of added position after next signal in the same direction
  • Amount to close on reduction - size of position which will be closed after opposite signal
  • Stop loss, Take Profit, Break Even, Martingale Multiplier should remain unchanged in this EA (position is controlled and closed by Keltner Channel)
  • Indicator parameters - all indicators have optimized parameters values for period of last 9 months
  • Expert magic number - ID of Expert Advisor

Main advantages of this Expert advisor are: big win/lose ratio, profit factor , small relative drawdown and possibility to increase position after next favorable signal.

I advise to stay with 1:3 ratio in setting the amount of added lot size.(Amount to add on addition three times bigger than basic lot size)

Share your opinions and questions.

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