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About ProLevelBreakEA
MT5 model is accessible right here: https://www.mql5.com/ru/market/product/92564
The MT4 model of the knowledgeable Advisor is right here – https://www.mql5.com/en/market/product/93130
Monitoring – https://www.mql5.com/en/alerts/creator/bebikovi
Needless to say the outcomes on totally different brokers shall 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 circumstances are a low unfold of 0-0.2 factors for each foreign money pairs.
Please observe, 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 shall be from 0 to 18 seconds, which is unacceptable for such a technique, as there aren’t any such giant delays on the primary regular brokers.
Additionally, for testing and proper operation of the Skilled 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.
Totally automated Skilled Advisor designed for buying and selling on EURUSD/USDJPY foreign money pairs.
The technique is predicated on breakouts of native ranges.
The Skilled Advisor makes use of filters to adapt the trailing cease in numerous circumstances.
The EA additionally makes use of GMT Offset settings to regulate the time, 2 is about by default. On the primary standard brokers (IC Marke.. and many others.), this worth is used and doesn’t require adjustments throughout buying and selling/testing. If you’re unsure in regards to the settings, please electronic mail me, I’ll inform you precisely the way to configure.
You probably have any questions, you possibly can write to me in personal messages, I’m at all times glad to assist.
Essential Options:
- Cease loss/ take revenue is at all times used.;
- Martingale/ grid/hedging just isn’t used, and many others. (single lot enhance after SL is used, will be disabled) ;
Suggestions:
- I like to recommend to start out testing on a demo account or with a minimal lot.
- I like to recommend testing on the dealer on which you intend to commerce, as a result of the outcomes could differ on totally different brokers, use the ECN account Professional // Uncooked unfold / Razor, and many others.
- 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 restricted to 1 yr), as a result of older quotes usually are not fairly of top quality, this may be seen within the log in the beginning of testing (the absence of tick knowledge in some intervals).
- Set up the Skilled Advisor on the EURUSD/USDJPY foreign money pair.
- Timeframe M30.
- It is suggested 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 Threat/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 ensure that all the things is about up accurately and there aren’t any errors.
Steadily Requested Questions
What sort of account ought to I take advantage of?
Suggest a low unfold (Uncooked, ECN) account with at the least 1:50 leverage.
What timeframe ought to I take advantage of?
Please put ProLevelBreakEA on EURUSD/USDJPY M30
What number of activations do I get?
AlgoTradingNightEA comes with 10 activations.
How typically do you intend updates?
For now, ProLevelBreakEA is a whole product. it will likely be up to date as wanted and new concepts seem
Which VPS supplier do you suggest?
I can’t suggest any VPS. Write me pm for extra data.
Is there a Telegram group?
No, that is towards the principles of the market. Full assist is supplied within the dialogue part and in personal messages
Is ProLevelBreakEA out there to buy anyplace else?
No, it’s out there solely on MQL5 so for those who discover it anyplace else, it won’t 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 could have an effect on the backtest outcomes
- Invalid WinterGMT Offset worth (ensure that the proper worth is specified. You will need to 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 standard 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 just isn’t right. There are few such brokers, for extra questions, write to PM
- The Skilled Advisor additionally wants a low unfold. For EURUSD 0-0.2 on common, for USDJPY 0-0.4 on common.
Is stay buying and selling the identical as backtesting?
You probably have top quality knowledge supplied by dealer sure, it’s precisely the identical as actual buying and selling (there could also be some variations because of delays and VPS/PC load)
How do I backtest it?
the best high quality testing will 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 isn’t a restrict, however earlier in 2016, market circumstances had been fully totally different (liquidity was very low, and spreads had been very giant) and don’t correspond to right now’s market circumstances.
How one can use the knowledgeable?
How one can begin the knowledgeable:
- Run ProLevelBreakEA EURUSD/USDJPY M30 timeframe
- IMPORTANT! If you’re operating ProLevelBreakEA on a model new platform – here is what it is advisable to do to ensure that it to start out buying and selling:
- MT5: run backtest from final yr so the EA will get sufficient obligatory historic knowledge in an effort to gas up a few of its obligatory instruments
Are the default settings good?
Sure, you possibly can change danger setting and magic for each pair
Is there a really helpful set file out there?
Default settings are really helpful
What’s the minimal begin steadiness?
The minimal really helpful begin steadiness is $100
Can ProLevelBreakEA run alongside different specialists?
Sure, however please ensure that all of your knowledgeable advisors have totally different magic numbers and that you just modify the chance accordingly
How can I enhance the revenue?
You possibly can enhance your revenue by both rising fastened lot or rising danger per commerce within the settings.
How one can enhance traded lot sizes?
The best option to enhance the traded lot measurement is by rising the Threat (%) / fastened lot/ LotStep.
The inputs are described in particulars within the enter part
How one can repair error 4752?
This error signifies that you just’ve not enabled auto buying and selling. As a way to repair this, it is advisable 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 knowledgeable settings in “Widespread” part the “enable Algo buying and selling” field ought to be checked
What if my account is in a unique foreign money than USD?
It doesn’t matter what foreign money is your account in, AlgoTradingNightEA handles it robotically
How one can repair error “Indicator ‘………’ can’t load”?
It means the historical past of charts usually are not 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 steadiness or fairness to calculate the lot
Use % of steadiness/fairness
Lot calculation mode
lot calculation methodology
– Use Threat for AutoLot
– Use LotStep by steadiness
– Use Repair Lot
Lot Step AutoLot
lot step when calculating a buying and selling lot within the ( LotStep by steadiness) mode
Stability Step AutoLot
steadiness step when calculating a buying and selling lot within the (LotStep by steadiness) 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 will need to 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 Skilled Advisor – can be utilized for optimization
Cristmas cease day (december)
Cristmas begin day (january)
Break up to “X” orders
Break up order to x orders, for instance at setting set repair lot 10, set cut up to x = 2, EA open 2 orders by 5 heaps
Min Revenue for trailing cease at night – can be utilized for optimization
Permit SellLimit
Permit BuyLimit
Permit/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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