The system looks for breakout and take profit of the short term trend. Is centered mainly in the New York session when the trend of the day is decided in general.
The EA has a big expectation of pips / trade, therefore can be profitable in any kind of broker or account.
Can be used with large accounts, because the trades are taken in the hours of more liquidity.
The EA is very easy to setup, and can be used with the default parameters. Only parameters related with the GMT of the broker and the size of the orders must be checked.
The EA must be attached to ONLY one M5 chart. Use an EURUSD chart is recommended.
If the names of the symbols aren't the common in your broker platform, update the names in the Symbol List parameter.
The EA is very lightweight in resources demand, and can be used with other EAs.
- Broker GMT. Enter the GMT offset of your broker in the winter period (not DST)
- Broker appplies DST. Enter 'yes' if your broker changes the GMT offset, in the DST period
ORDER SIZE PARAMETERS
- Fixed Order Size (mode 1). Order size in lots. Used if the parameter 'Balance for each 0.01 Lots' is zero.
- Autolot (mode 2). Balance for each 0.01 Lots. If you set here a value > 0, for example 1000, the size of the trade will be 0.01 lots for every 1000 of free margin.
- Autolot (mode 3). Percentage risk/trade. Risk assumed in each position
- Autolot. Balance percentage to consider. Define the percentage of your account balance to assign (0-200.0).
- Autolot. Min. Virtual Balance. Balance used if is below this value)
SELECTED PAIRS PARAMETERS
- Symbol List. The list of pairs to trade. You must use the semicolon character (;) to separate the pairs selected.
- Gold Multiplier. Multiplier applied to the size of the gold trades.
- EURUSD Multiplier. Multiplier applied to the size of the EURUSD trades.
- Order Comment. Define the value of the order comment. Special key words: #magic
New Risk Mode: % Risk / Trade