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About ProLevelBreakEA
MT5 model is on the market right here: https://www.mql5.com/ru/market/product/92564
Monitoring (not revealed but) – https://www.mql5.com/en/indicators/writer/bebikovi
Take into account that the outcomes on totally different brokers will likely be totally different, earlier than utilizing it, I like to recommend testing in your dealer, on the problem of appropriate brokers, write in PM, the primary situations are a low unfold of 0-0.2 factors for each forex pairs.
Please word, when testing, use a delay of 100-200ms, with such testing, the outcomes are as near actual as doable. When utilizing Random Delay, the delay will likely be from 0 to 18 seconds, which is unacceptable for such a technique, as there are not any such giant delays on the primary regular brokers.
Additionally, for testing and proper operation of the Knowledgeable Advisor, a historical past of Timeframe H4 500 bars (3 months) is required. Due to this fact, it’s essential to open the chart of the instrument, swap the timeframe H4 and rewind the chart 3 months in the past, in order that the historical past would load.
Absolutely computerized Knowledgeable Advisor designed for buying and selling on EURUSD/USDJPY forex pairs.
The technique is predicated on breakouts of native ranges.
The Knowledgeable Advisor makes use of filters to adapt the trailing cease in varied situations.
The EA additionally makes use of GMT Offset settings to regulate the time, 2 is ready by default. On the primary well-liked brokers (IC Marke.. and so on.), this worth is used and doesn’t require modifications throughout buying and selling/testing. In case you are doubtful concerning the settings, please electronic mail me, I’ll let you know precisely tips on how to configure.
When you have any questions, you’ll be able to write to me in personal messages, I’m at all times comfortable to assist.
Fundamental Options:
- Cease loss/ take revenue is at all times used.;
- Martingale/ grid/hedging will not be used, and so on. (single lot enhance after SL is used, might be disabled) ;
Suggestions:
- I like to recommend to begin testing on a demo account or with a minimal lot.
- I like to recommend testing on the dealer on which you propose to commerce, as a result of the outcomes might differ on totally different brokers, use the ECN account Professional // Uncooked unfold / Razor, and so on.
- The interval for testing with 100% high quality is not more than 5 years, relying on the dealer (for a lot of, the variety of tick knowledge is proscribed to 1 yr), as a result of older quotes will not be fairly of top quality, this may be seen within the log originally of testing (the absence of tick knowledge in some intervals).
- Set up the Knowledgeable Advisor on the EURUSD/USDJPY forex pair.
- Timeframe M30.
- It’s endorsed to make use of a VPS server.
- Buying and selling leverage is 1:50 and better (it’s doable with a smaller leverage however with a decrease Danger/Lotstep Autolot worth).
Earlier than utilizing it, I like to recommend first take a look at 1-2 weeks on a demo account or on an actual one with a minimal lot to make it possible for every little thing is ready up accurately and there are not any errors.
Ceaselessly Requested Questions
What sort of account ought to I exploit?
Advocate a low unfold (Uncooked, ECN) account with at the least 1:50 leverage.
What timeframe ought to I exploit?
Please put ProLevelBreakEA on EURUSD/USDJPY M30
What number of activations do I get?
AlgoTradingNightEA comes with 10 activations.
How usually do you propose updates?
For now, ProLevelBreakEA is a whole product. it is going to be up to date as wanted and new concepts seem
Which VPS supplier do you advocate?
I can’t advocate any VPS. Write me pm for extra info.
Is there a Telegram group?
No, that is towards the principles of the market. Full help is supplied within the dialogue part and in personal messages
Is ProLevelBreakEA obtainable to buy wherever else?
No, it’s obtainable solely on MQL5 so in the event you discover it wherever else, it is not going to be a real product.
Backtesting
Why do I get totally different/worse backtest outcomes?
- The standard of market knowledge supplied by your dealer (it varies from dealer to dealer)
- The unfold of every dealer might have an effect on the backtest outcomes
- Invalid WinterGMT Offset worth (make it possible for the proper worth is specified. You should specify the GMT of your dealer (terminal), which is used from November to March. I.e. If the dealer has GMT +3 in summer season (from April to October), and GMT +2 in winter (from November to March), you could specify Winter GMT Offset = (+2)). On the primary well-liked brokers, this worth is +2 (because the default)
- Additionally, the outcomes on some brokers could also be incorrect, as a result of beforehand the dealer’s time zone in winter was +1, however now it has modified to +2. For that reason, after we take a look at by the present time zone, the buying and selling time on the historical past will not be right. There are few such brokers, for extra questions, write to PM
- The Knowledgeable Advisor additionally wants a low unfold. For EURUSD 0-0.2 on common, for USDJPY 0-0.4 on common.
Is dwell buying and selling the identical as backtesting?
When you have prime quality knowledge supplied by dealer sure, it’s precisely the identical as actual buying and selling (there could also be some variations as a result of delays and VPS/PC load)
How do I backtest it?
the best high quality testing might be obtained within the mt5 terminal. Within the mode each tick is predicated on actual ticks, delay 100-200ms
What yr can I backtest from?
There is no such thing as a restrict, however earlier in 2016, market situations have been utterly totally different (liquidity was very low, and spreads have been very giant) and don’t correspond to immediately’s market situations.
use the skilled?
begin the skilled:
- Run ProLevelBreakEA EURUSD/USDJPY M30 timeframe
- IMPORTANT! In case you are working ProLevelBreakEA on a model new platform – here is what you want to do to ensure that it to begin buying and selling:
- MT5: run backtest from final yr so the EA will get sufficient needed historic knowledge with a view to gasoline up a few of its needed instruments
Are the default settings good?
Sure, you’ll be able to change danger setting and magic for each pair
Is there a really helpful set file obtainable?
Default settings are really helpful
What’s the minimal begin stability?
The minimal really helpful begin stability is $100
Can ProLevelBreakEA run alongside different specialists?
Sure, however please make it possible for all of your skilled advisors have totally different magic numbers and that you just modify the chance accordingly
How can I enhance the revenue?
You’ll be able to enhance your revenue by both growing fastened lot or growing danger per commerce within the settings.
enhance traded lot sizes?
The simplest solution to enhance the traded lot measurement is by growing the Danger (%) / fastened lot/ LotStep.
The inputs are described in particulars within the enter part
repair error 4752?
This error signifies that you just’ve not enabled auto buying and selling. To be able to repair this, you want to carry out two duties:
Firstly, the “Algo Buying and selling” button on high of your Metatrader terminal ought to be inexperienced (enabled)
Then in skilled settings in “Frequent” part the “enable Algo buying and selling” field ought to be checked
What if my account is in a unique forex than USD?
It doesn’t matter what forex is your account in, AlgoTradingNightEA handles it routinely
repair error “Indicator ‘………’ can not load”?
It means the historical past of charts will not be loaded, to repair this as soon as open all of the charts of the symbols you included within the image record and let the charts load
Inputs particulars
Present EA Commets
Present EA information panel
Magic Quantity
ID of the adviser’s transactions
EA Remark
touch upon the adviser’s deal
Use Stability/Fairness for AutoLot
use the stability or fairness to calculate the lot
Use % of stability/fairness
Lot calculation mode
lot calculation methodology
– Use Danger for AutoLot
– Use LotStep by stability
– Use Repair Lot
Lot Step AutoLot
lot step when calculating a buying and selling lot within the ( LotStep by stability) mode
Stability Step AutoLot
stability step when calculating a buying and selling lot within the (LotStep by stability) mode
Repair Lot
fastened lot for buying and selling within the mode ( Use Repair Lot)
Multiplier for calculating factors (10 by default)
multiplier for calculating factors on the image, on the primary symbols EURUSD/USDJPY = 10;
Extra Multiplier for calculating factors (1 by default)
not used now
Minimal distance to the extent – can be utilized for optimization
Minimal distance to the extent for set pending order
Take Revenue
TP for the pair
Cease Loss – can be utilized for optimization
SL for the pair
Max dropping trades per day filter (On/Off)
a filter that prohibits additional buying and selling after receiving a loss on SL on at the present time
Most variety of dropping trades per day
Most variety of dropping trades per day for filter
Max Unfold (in pips)
Most allowable unfold measurement
Purchase Pending Shift (in pips) – can be utilized for optimization
the shift for putting a pending restrict order, relative to the calculated degree
Promote Pending Shift (in pips) – can be utilized for optimization
the shift for putting a pending restrict order, relative to the calculated degree
Winter GMT Offset
You should specify the GMT of your dealer (terminal), which is used from November to March. I.e. If the dealer has GMT +3 in summer season (from April to October), and GMT +2 in winter (from November to March), you could specify Winter GMT Offset = (+2)).
Commerce at Monday (On/Off)
Commerce at Tuesday (On/Off)
Commerce at Wednesday (On/Off)
Commerce at Thursday (On/Off)
Commerce at Friday (On/Off)
Enabling/disabling buying and selling on days of week – can be utilized for optimization
EA Begin Hour
EA Finish Hour
Monday Begin Time
Monday Finish Time
Friday Begin Time
Friday Finish Time
The time of operation of the Knowledgeable Advisor – can be utilized for optimization
Cristmas cease day (december)
Cristmas begin day (january)
Cut up to “X” orders
Cut up order to x orders, for instance at setting set repair lot 10, set break up to x = 2, EA open 2 orders by 5 heaps
Min Revenue for trailing cease at night – can be utilized for optimization
Enable SellLimit
Enable BuyLimit
Enable/prohibit Buylimit/Selllimit orders
Pips begin trailing (begin worth,lowered built-in filters) – can be utilized for optimization
Trailing Cease (in pips) – can be utilized for optimization
Trailing Step (in pips)
Restoration mode (On/Off)
A number of begin restoration (trailing) – can be utilized for optimization
A number of lot for restoration mode – can be utilized for optimization
Variety of restoration trades – can be utilized for optimization
ZigZag Settings
Depth – can be utilized for optimization
Deviation
Backstep
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