Chameleon EA MT5
- 专家
- Edgar Elsner
- 版本: 1.23
- 更新: 8 二月 2023
- 激活: 10
General Description:
I’m offering this scalping robot where the breakouts are based on symmetric triangle patterns that become visualized at occur.
It is optimized for EURUSD automatic trading on timeframe M15. For manual or semi-automated Trading it can be utilized on any instrument and/or timeframe.
Entry levels are the points 1 and 2 of the triangle pattern where are placed a pending buy stop and a pending sell stop order. Automated stop loss levels are the respective opposite entry levels and variate depending of the distance of the entry points.
The automated opening of those pending orders on pattern apparition can be disabled by the Buy and Sell buttons of the button panel. This is recommended if various instruments in different timeframes are watched. The trader then has the choice to enable buy and/or sell order depending on his estimated price direction movement.
For trading several instruments and quick access I’m offering a Dashboard that’s available for download here: https://www.mql5.com/en/market/product/87239
All the chosen instruments and timeframes are listed in the matrix for immediate access by calling an predefined template that includes the robot by its settings.
For non risk averse traders I recomend as an example the following strategy for the default setting trading:
- Start with $100 account balance
- Set risk to 25% or more
- Set minimum lotsize to 0.10
- Set the maximum lotsize to 1.00
That results a high risk on the small account start balance at the beginning but the risk level is decreasing if the maximum lot size of 1.00 was approached. This example is shown by the screen shoots below for the period from January 2020 until January 2023.
Please take in consideration that breakout systems need brokers that offer low spread and latency. Furthermore the trade commission should not become included in the spread. Before use on live accounts it is highly recommended to run a first a backtest of at least two years. Besides of this take in consideration to exclude periods of low liquidity at market like on Monday morning, Friday evening as well as the Christmas/New Year period. Those parameters are preset and can be adjusted by the trader.
Features Overview:
- Onscreen buttons to quickly enable/disable operation of the EA, buy orders, sell orders and pattern/order approaching alert
- Onscreen panel show/hide by clicking on free panel part or pressing key "s" or "S"
- Selectable: Timeframe, Magic number
- Money management: Set risk per trade and total account risk separately
- Profit Management: Breakeven take profit and/or trailing take profit widely configurable
- Lot size: Fixed lot if risk = 0, Minimum lot/Maximum lot if risk > 0
- Trading time: Monday start hour, Friday stop hour, December stop day, January start day
This is a rather promising tool, in combination with other indicators, it allows you to find hidden patterns. I recommend contacting the author after the purchase in order to understand the risks and the mechanism of work