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Gecko runs a simple, yet very effective, proven strategy.  It looks for important recent high and lows and will trade the breakouts. 

The actual execution of this strategy however, is what makes this EA truly shine.  Entry calculations and exit algorithms are not only unique but also very advanced.

LIVE RESULTS: https://www.mql5.com/en/signals/750475

The EA uses many trade management techniques, including but not limited to:

  • a Trailing SL, using multipe parameters to control its function
  • “Move to Break-even” at certain point, with the possibility to add extra pips to the point of breakeven
  • Trailing SL based on recent highs/lows, including an option to run this only until breakeven level (to provide more room for full TP to be reached)
  • Trailing SL based on trade duration, to limit exposure after the move has run out of momentum

This is NOT a scalper EA, and it does not use any grid/martingale or other risky techniques.  It uses very strict Stoploss, at safe distance.

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There are many risk management option, including setting a certain risk per trade.

The EA is developed mainly for EURUSD, since it is the most succesful pair for running breakout strategies.  However, backtests shows promising results on multiple pairs already, without any optimization for those pairs.

Recommended broker: ICMarkets.com or Alpari.com

Recommended VPS: 4xhosting.com

Recommended VPS: 4xhosting.com

Recommended timeframe is H1.

Minimum accountbalance: 100$

Default parameters are for EURUSD H1. There are sets available also for GBPUSD,USDJPY, AUDUSD and EURJPY available.  Download all presets 

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Published

29 April 2020

Updated

06 July 2020

Current Version

1.2

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Tao Yang February 15, 2021 2:39 am
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It is a very good starting, wish it could continue to do well

Wei Huang February 15, 2021 2:39 am
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much more revenue than decrease. for just one calendar month is alright, live and backtest similar, available various sometimes time. Eurusd setfile and GU excellent, usdjpy i didnt make use of it

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