The Expert Advisor oriented to work on 5-digit ECN account with low spread. The EA is uses the price level breakthrough strategy.
The default settings are optimized for trading on EURUSD.
Recomendations
- ECN broker with a low spread and accurate order execution;
- Deposit from 50 USD on a standard account or 10 USD on a cent account;
- Virtual private server.
- After installation please set the risk parameter or fixed lot depending on your trading style. I prefer a fixed volume.
Features
- The EA does not use martingale and grids;
- Trading is performed by pending orders only;
- All trades are protected by a stop loss;
- Expert Advisor does not require a large deposit;
- The EA can use a fixed or dynamically calculated order volume;
- Expert Advisor is designed to work with 5-digit quotes;
- You can put the EA to any period on the chart. The timeframe is set in the parameters of the EA.
Parameters
- Risk - risk value used for calculation of a dynamic lot;
- Fixed Lot Size - fixed size of volume for the orders. If set to 0, a dynamic volume is used;
- Take Profit - expected profit for a trade, in pips;
- Breakeven - the profit, after which SL of the order is set to breakeven, in pips;
- Stop Loss - allowable loss, in pips;
- Candle's Count - number of candles used to search the needed level;
- Order's Life Time - lifetime of the pending order;
- Min Interval - minimum interval between price and support/resistence level, in pips;
- Work Timeframe - period of chart, on which the EA is running;
- Slippage - maximum price slippage, in points;
- Text Color - color of the displayed data on a chart;
- Background Color - background color of the displayed data;
- Order's Comment - comment of the Expert Advisor's orders;
- Magic Number - unique number of the Expert Advisor's orders (any numbers).
If you have any questions, please send me a private message. I will be glad to help you.
