Master Levels MT5 (version for MT4) analyzes the market situation over the past few days and determines the current levels. The breakdown of these levels is monitored. Trades are opened in the direction of the breakout.

The Expert Advisor is fully automated. Master Levels is equipped with a flexible position management system. You can set up any number of profit fixing parts. There is also a trailing stop system that allows you to protect your profits. Depending on the settings, the Expert Advisor can work as a scalper and as an adviser with average profit goals. The Expert Advisor can work in two modes: market orders and pending orders. By default, the pending order mode is selected.

Master Levels allows you to control the spread at the moment of entry, which is critical for the scalper.

The Expert Advisor implements algorithms for limiting the work time. There is a module for the suspension of trade. You can set any interval, such as the time of news release, in which no new trades will be made. You can also select actions with open positions in the time interval specified for the pause.

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• Auto-calculation of the lot depending on the risk per transaction for any currency
• Working with pending or market orders to choose from
• The ability to fix the profit with any number of parts
• A trailing stop is designed to reduce losses and drawdowns
• Spread control
• Advanced module of suspension of trading

• Use an ECN account with minimal spreads and commission
• To choose a broker with good execution of orders
• Use the maximum leverage from 1: 100 and above
• Trade on liquid currency pairs with a minimum spread

The default settings are designed to work on ECN accounts with an average spread of less than 1 point. Optimized for EURUSD M15.

The trade logic

• Days analyze – The number of days to analyze levels other than the current one.
• Level amplitude – The required minimum amplitude for the levels. The price must pass the specified distance in both directions from the level
• Entry shift – Entry distance. The indent in points from the level where the entry is made. Negative values – input until the level is reached. Positive – after crossing the level

Time parameters

• Start trade hour ( Start trade minute) – End trade hour (End trade minute) – Hours and minutes of the Expert Advisor’s working interval. Start hour=2, the EA starts working at 2: 00: 01. End hour=17, the ea ends at 17: 00: 00
• Days filter – Trade bans on certain days of the week. To prohibit it, set false
• New trades pause – Enabling / disabling the trading suspension mode at time intervals (false-disable, true-enable)
• Open trade actions – Actions with an open transaction at the time of the interval occurrence
• Current manage
• Close trade
• Pause intervals – The line for setting the intervals for the pause. You can set multiple intervals. Format hh: mm-hh: mm, or hh: mm-hh:mm;hh:mm-hh:mm;……;…… The intervals are valid for the current day and for subsequent days until they are disabled

• Current manage
• Close trade

• Deviation – Acceptable deviation of the input when sending a trade request
• Requests – Number of attempts to open or change a position
• Spread filter – The maximum allowed spread at the time of entry
• Orders type filling-Order execution mode by the broker

Risk parameters

• Out of time close – Close open trades at the end of the EA’s working interval
• Allowed trades per day (0 – no limit)
• Fixed Volume
• Risk per trade, % – If set to 0, the fixed volume value is used
• Percentage of balance used, %
• StopLoss
• TakeProfit

Position Management

• Closing parts – true/false
• Parts – Number of profit fixing parts
• Close first part, % – Percentage of closing of the first part (of the total transaction volume)
• First part TP – Profit of the first part
• Enable trailing stop – true/false
• Trailing activate – Profit points to activate trailing
• Main trailing

Interface

• Pause levels color
• Pause levels style
• Levels color
• Levels line style
• Orders comment
• Magic

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