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See below for more details

FEATURES

• Based on a sound price action trading principle.  
• A purely mechanical system. Simply set and leave.
• No martingale, grid averaging or no stop loss trading.
• Risks are small per trade.  
• An optional automatic lot adjustment feature that adjusts lot size to the account balance. Or to use a fixed lot size.
• Features a panel showing, bid, ask, spread, lot size balance, equity, profit/loss, stop level and broker execution speed. To find broker execution speed we press button Execution Reading.  

SETTINGS

SECTION_A   

• Magic Number – A unique value to this EA so that if used alongside other EA’s within MT4 it can differentiate between all orders placed and only adjust orders placed by this EA.
• Slippage – If trade is opened and its past the expected price of trade by x points as specified here then the trade will not be opened.  

SECTION_B

• Maximum Spread – Allows only trades when market is less than or equal to the spread as input by user.

SECTION_C

• Lot Size – Adjusts the size of trade exposure we have. EG 0.01 on the EURUSD will mean every micro incremental point move will equal 1 pence.

SECTION_D

• Trailing Stop  –  Sets the size of our trailing stop in points.
• Minimum Profit To Trailing Stop – Sets the size of profit in points that is required before we activate out trailing stop.
• Stop Loss – Sets the size of stop loss from opening order price in points.
• Take Profit – Sets the size of take profit from opening order price in points.

SECTION_E

• Candle Trigger – Size in points we need candle to be before pending order is placed.
• Distance From Bid Orders Are Placed – When the signal is found it places a pending order x points from bid.  

SECTION_F

• Money Management – True means we will adjust lot size as a percentage of our trade capital. As set in Percentage Risked Per Trade. False means we will use fixed lot specified under Lot Size above.
• Risk Percentage – Percentage we risk per trade. EG 2 = 2% of our total trade capital will be risked per trade. This we be calculated using both stop loss and account size.

SECTION_G

• Start Hour – On and after this hour the EA will start trading.  
• End Hour – On and after this hour the EA will stop trading.

TRADING REQUIREMENTS

With this EA you will lose money if you dont make sure your broker has the following :  

High liquid broker 

A broker with fastest execution of < 150ms is essential. We use the execution reading button on panel to find brokers speed. 

Low spread 0 to 1-2 points (Not Pips but points!)

Low Commission

Stop level 0    

True ECN   

Fast VPS with the broker server being as close to your vps server as possible    

The best would be :

Pepperstone Razor ECN account

Though others are : 

IC Markets 

FXCM 

Vantage FX 

Roboforex

FXOpen 

OctaFx

HOW TO TRADE THIS EA

This EA has the default setting based on 1m timeframes as such : 

TrailingStop = 8

MinimumProfit = 0

StopLoss = 8

TakeProfit = 0

And for the EURGBP

Further experimentation is needed for other timeframes and other markets.

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