Blazar Blazar is a fully automated trading system on the most popular major currency pairs: EURUSD, GBPUSD, USDJPY M5. It's pure Price Action mean reversal system that exploits peakedness of market distribution to safely identify trend reversalsMT5 version: https://www.MQL5.com/en/market/product/44222
Every trade is protected by Stop-LossThe EA can work in 2 modes:Normal Mode - trading classics: 1 signal = 1 trade. No martingale, grid or hedging is usedRecovery Mode - the EA will recover faster during drawdowns using several averaging trades, which gives more comfortable growth curve
Both modes are FIFO compliant
Features
Stable growth curve as a result of a high percentage of winning tradesStress-tested on all available history, six-month live signalAutomatic GMT adjustmentThe minimum deposit: $50 for Normal Mode and $300 for Recovery ModeEasy setup and use
Timeframe: M5
Currency pairs: EURUSD (default settings), GBPUSD, USDJPY
Set-files can be found here: https://www.mql5.com/en/market/product/37795
Live signals:
Recovery Mode, EURUSD, default settings, min. deposit: https://www.mql5.com/ru/signals/564057
Input ParametersStartLotSize - proportional lot size if EnableAutoLot is set to true and fixed lot size in case EnableAutoLot is set to falseEnableAutoLot - trading lot will increase with an increase in your account's balanceFundsForAutoLot - here you can set the amount of balance to be used for every StartLotSize if EnableAutoLot is set to true. E.g. FundsForAutoLot=1000 andStartLotSize=0.05 means that for every $1000 there will be 0.05 lots opened (0.5 for $10000 and so on)MaxLotSize - set the max. allowed lot size if you don't want the lot size ever to exceed this valueSpreadFilterPips - if the spread is bigger than the value specified here, the trade won't be openedMaxSlippagePips - works only for Instant live accounts (not ECN). Set here what maximum slippage you can take on your Instant accountGMT/DST_Offset_Auto - if true, the EA will try to find the correct GMT offset of your broker automatically. You must allow requests to https://www.worldtimeserver.com (Tools - Options - Expert Advisors - Allow WebRequests for listed URL).GMT_Offset(winter)_Manual - set your broker's time zone (in winter)DaylightSavingTime_Manual - if your broker uses daylight saving time, set this to Europe or US and EA will automatically adjust itselfHourToStart - hour of the day at which Blazar will start to look for trading opportunitiesHourToStop - hour at which Blazar will stop to look for trading opportunitiesDaysOfWeek - day of the week at which Blazar will be allowed to trade. E.g. 234 means 2nd, 3rd and 4th days of the weekDisableHolidays - not to trade during New Year holidaysPriceChannelPeriod - period of the price channelEnableTrendFilter - set to true if you want to avoid risky trades during periods of trending marketsTrendFilterPeriod - period of the trend filter used by BlazarEnableVolatilityFilter - set to true if you want to avoid risky trades during periods of high volatilityOrderTakeProfitPips - the size of Take Profit in pips (1 pip = 10 points)OrderStopLossPips - the size of Stop Loss in pips (1 pip = 10 points)EnableTradeDuration - set to true if you want to limit position holding timeTradeDuration - set the maximum position holding time, in barsAvgMaxTrades - maximum number of averaging tradesAvgMultiplier - averaging coefficientAvgStepPips - step in pips between averaging tradesAvgCustomSettings - custom averaging coefficients, separated by commasBasicMagicNumber - add Magic number to trace trades you made with this EA. It must be less than 99999TradeComment - add any comments to your trades
Recommendations
It is recommended to use default values for all parameters (except GMT offset if your broker uses different time zone).
