MT4-Needle

Needle is an adviser who trades on the breakout of support and resistance levels. Trading is pending orders. To support the position, a trailing stop is used.

Recommendations

Currency pair: EURUSD;

Accuracy : 5 signs;

Timeframe: M5, M15, M30, H1;

Recommended leverage: from 1:100 and above;

Minimum deposit: $ 100;

Before installing on a live account, test with minimal risk;

Brokers with low spreads and low commission.

Settings and Input Parameters

Risk - Risk per trade (as a percentage of the deposit);

FixLot - A fixed lot size is used, if Risk = 0;

Magic - Magic number of the expert;

StopLoss (pips) - Stop-loss;

TakeProfit (pips) - Take-profit;

Start - Time to start trading;

Finish - The end time of the trade;

Trailing stop - Trailing stop (if 0 - not used);

Trailing step - Trailing step

Level shift on Buy - offset from level for purchase

Level shift on Sell - offset from level for sale

ZigZag - zigzag settings

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