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EA Black Scorpion MT5

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The Expert Advisor uses the main strategy on the breakdown.

Breakout trading is one of the most popular and frequently used Forex trading strategies. This strategy was developed quite a long time ago, and has been repeatedly tested on historical data, demonstrating enviable results.

The Expert Advisor uses 3 types of trend breakout, ( Resistance and support breakout, Downtrend breakout, Uptrend breakout).

The Expert Advisor uses a small stop loss, which means that the account is always protected from drawdowns, and the risk per trade is very low.

The adaptive trailing stop algorithm is used.

The Expert Advisor uses a system for closing positions when slipping.

Backtesting and optimization were carried out on real ticks with a history quality of 99.9%. The Expert Advisor has successfully passed stress testing.

The Expert Advisor implements an algorithm for collecting statistics and displaying statistics on the information panel.

Monitoring: 

Monitoring: 

Version for Meta Trader 4: 

Working currency pair / timeframe: EURUSD M30.

Attention! The Expert Advisor is only available for “hedging” accounts.

[spoiler title=”Read More…”]

Attention! The Expert Advisor is only available for “hedging” accounts.

    Leverage of 1:100 or more is recommended.

    Information panel:

    • Show_Info_Panel — Information panel. ( if set to false, it speeds up testing in the strategy tester).

    Magic:

    Magic:

    • Magic  Transaction ID.

    Comment:

    Comment:

    • Order_Comment— Comments on the order.

    Slippage:

    Slippage:

    • Slippage — Acceptable slippage before the order is triggered.
    Setting the spread:
    • Max_Spread — The maximum allowed spread before triggering a pending order.
    Type of trade:
    • Order_Type — Choosing the direction of trade.

    Fixed Lot:

    Fixed Lot:

    • Fixed_Lot — The lot is constant ( if “Use_Risk_MM” = false).

    Risk Money Management:

    • Use_Risk_MM — If true, the lot size increases when the account balance increases.(Risk management).
    • Percentage_Risk — Increasing the lot size based on the balance (risk management in%).

    Take profit:

    Take profit:

    • Take_Profit — Take profit in points.

    Stop loss:

    Stop loss:

    • Stop_Loss — Stop loss in points.
    Settings for moving the stop loss to breakeven.

    • Use_Break_Even — If true, the stop loss price moves to breakeven if the price is higher than the target points.
    • Breakeven_Target_PipsInp — If the price exceeds this value, breakeven is triggered.
    • Breakeven_Jump_PipsInp — The stop loss moves to breakeven by this value.
    • Use_Break_Even — If true, the stop loss price moves to breakeven if the price is higher than the target points.
    • Breakeven_Target_PipsInp — If the price exceeds this value, breakeven is triggered.
    • Breakeven_Jump_PipsInp — The stop loss moves to breakeven by this value.

    Trailing stop settings.

    • Use_Trailing — If true, the profit is protected by a trailing stop.
    • Trailing_Stop — Trailing points when the position is in profit.
    • Trailing_Step — The trailing step when the position is in profit.

    Adaptive trailing:

    Adaptive trailing:

    • Adaptive_Trailing_to_slippages — Adaptive trailing stop.
    • Change_correction_coefficient — The trailing sensitivity coefficient.
    • Adaptive_by_Time — Adaptive time-tracking algorithm.
    • Time_Scale  Time range for price analysis.

    Trading by time within a day:

    Trading by time within a day:

    • Use time — If true, the trade is timed.
    • Time_Setting — Server time or computer time.
    • GMT_mode = Mode for determining the offset of the broker’s server time relative to GMT. ( 0 – unused).
    • Every_Day_Start — Start time (hh: mm).
    • Every_Day_End — End time (hh: mm).

    Shutdown time on Friday:

    • Use time — If true, the trade is timed.
    • Time_Setting — Server time or computer time.
    • GMT_mode = Mode for determining the offset of the broker’s server time relative to GMT. ( 0 – unused).
    • Disable_in_Friday — Closing time on Friday (hh: mm).

    [/spoiler]

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