ProLevelBreak – Buying and selling Methods – 3 February 2023

About ProLevelBreakEA

MT5 model is on the market right here: https://www.mql5.com/ru/market/product/92564

The MT4 model of the professional Advisor is right here – https://www.mql5.com/en/market/product/93130

Monitoring  – https://www.mql5.com/en/alerts/creator/bebikovi

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, change the timeframe H4 and rewind the chart 3 months in the past, in order that the historical past would load.

Absolutely automated Skilled Advisor designed for buying and selling on EURUSD/USDJPY forex pairs.

The technique relies on breakouts of native ranges.

The Skilled Advisor makes use of filters to adapt the trailing cease in varied circumstances.

The EA additionally makes use of GMT Offset settings to regulate the time, 2 is ready by default. On the principle standard brokers (IC Marke.. and so forth.), this worth is used and doesn’t require modifications throughout buying and selling/testing. If you’re unsure concerning the settings, please electronic mail me, I’ll inform you precisely the way to configure.

When you’ve got any questions, you may write to me in personal messages, I’m all the time glad to assist.

Foremost Options:

Cease loss/ take revenue is all the time used.; Martingale/ grid/hedging shouldn’t be used, and so forth. (single lot enhance after SL is used, could be disabled) ;

Suggestions:

I like to recommend to begin testing on a demo account or with a minimal lot. I like to recommend testing on the dealer on which you propose to commerce, as a result of the outcomes could differ on totally different brokers, use the ECN account Professional // Uncooked unfold / Razor, and so forth. 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 proscribed to 1 yr), as a result of older quotes are usually not fairly of top of the range, this may be seen within the log firstly of testing (the absence of tick knowledge in some intervals). Set up the Skilled Advisor on the EURUSD/USDJPY forex pair. Timeframe M30. It’s endorsed to make use of a VPS server. Buying and selling leverage is 1:50 and better (it’s potential with a smaller leverage however with a decrease Danger/Lotstep Autolot worth).

Earlier than utilizing it, I like to recommend first check 1-2 weeks on a demo account or on an actual one with a minimal lot to ensure that every little thing is ready up accurately and there are not any errors.

Steadily Requested Questions

What sort of account ought to I take advantage of?

Suggest a low unfold (Uncooked, ECN) account with a minimum of 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 propose updates?

For now, ProLevelBreakEA is an entire 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 added data.

Is there a Telegram group?

No, that is in opposition to the foundations of the market. Full assist is supplied within the dialogue part and in personal messages

Is ProLevelBreakEA accessible to buy anyplace else?

No, it’s accessible solely on MQL5 so for those who discover it anyplace else, it is not going to 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 right worth is specified. You 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 have to specify Winter GMT Offset = (+2)). On the principle 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 check by the present time zone, the buying and selling time on the historical past shouldn’t be right. There are few such brokers, for added 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?

When you’ve got prime quality knowledge supplied by dealer sure, it’s precisely the identical as actual buying and selling (there could also be some variations attributable to delays and VPS/PC load)

How do I backtest it?

the very best high quality testing could be obtained within the mt5 terminal. Within the mode each tick relies on actual ticks, delay 100-200ms

What yr can I backtest from?

There is no such thing as a restrict, however earlier in 2016, market circumstances have been fully totally different (liquidity was very low, and spreads have been very massive) and don’t correspond to right this moment’s market circumstances.

Find out how to use the professional?

Find out how to begin the professional:

Run ProLevelBreakEA EURUSD/USDJPY M30 timeframe IMPORTANT! If you’re working ProLevelBreakEA on a model new platform – here is what you should do to ensure that it to begin buying and selling: MT5: run backtest from final yr so the EA will get sufficient essential historic knowledge as a way to gasoline up a few of its essential instruments

Are the default settings good?

Sure, you may change threat setting and magic for each pair

Is there a beneficial set file accessible?

Default settings are beneficial

What’s the minimal begin steadiness?

The minimal beneficial begin steadiness is $100

Can ProLevelBreakEA run alongside different specialists? 

Sure, however please ensure that all of your professional advisors have totally different magic numbers and that you simply regulate the chance accordingly

How can I enhance the revenue?

You’ll be able to enhance your revenue by both rising mounted lot or rising threat per commerce within the settings. 

Find out how to enhance traded lot sizes?

The simplest technique to enhance the traded lot dimension is by rising the Danger (%) / mounted lot/ LotStep. 

The inputs are described in particulars within the enter part

Find out how to repair error 4752?

This error signifies that you simply’ve not enabled auto buying and selling. With a purpose to repair this, you should carry out two duties:

Firstly, the “Algo Buying and selling” button on prime of your Metatrader terminal must be inexperienced (enabled)

Then in professional settings in “Widespread” part the “enable Algo buying and selling” field must be checked 

What if my account is in a distinct forex than USD?

It doesn’t matter what forex is your account in, AlgoTradingNightEA handles it routinely

Find out how to repair error “Indicator ‘………’ can’t load”?

It means the historical past of charts are usually not loaded, to repair this as soon as open all of the charts of the symbols you included within the image listing and let the charts load

Inputs particulars

Present EA Commets 

Present EA data panel

Magic Quantity

ID of the adviser’s transactions

EA Remark

touch upon the adviser’s deal

Use Steadiness/Fairness for AutoLot

use the steadiness or fairness  to calculate the lot

Use % of steadiness/fairness

Lot calculation mode

lot calculation technique 

 – Use Danger 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

Steadiness Step AutoLot

steadiness step when calculating a buying and selling lot within the  (LotStep by steadiness) mode

Repair Lot

mounted 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 principle symbols EURUSD/USDJPY = 10;

Further 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 this present day

Most variety of dropping trades per day

Most variety of dropping trades per day for filter

Max Unfold (in pips)

Most allowable unfold dimension

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 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 have to 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)

Cut up to “X” orders

Cut 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 tons

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,diminished 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