This is no martingale, grid, hedge or other averaging strategy.

This expert is a classic break-out-strategy with special filter. It monitors market movements and set pending trades. If not activated in a certain time frame, new levels are set. On activation the experts trails the trade very closely. Every trade is protected by stop-loss.

Best trading times are while London and USA is open. We suggest – and have tested it with – EURUSD and GBPUSD

We also suggest a VPS with very fast ping times and an ECN-broker with tight spreads and without stop level.

Please find a signal for this expert here: https://www.mql5.com/en/users/ugur-edin/seller

Basic Parameters

• MAGICNO - magic number, unique number to identify Expert and Currency pair
• Lots - use lot size if money management is set to false
• UseMM - use money management
• MaximumRisk - Maximum Risk if money management is set to true
• MaximumLotSize - Maximum LotSize
• DecreaseFactor - decrease by a factor of X
• DecreaseLotSizeAfterXLosses - whether or not to decrease trade sizes after losses
• IncreaseFactor - increase by a factor of X
• IncreaseLotSizeAfterXLosses - whether or not to increase trade sizes after losses
• Timeframe - Time frame to analyze bars
• HistoryAnalyse - how many bars to check
• Schift - how many bars back to start, eg.: 1 analyzes 1-19, 5 analyzes 5-23
• LastLowHigh - opens pending order only when low and high are set back at least 3 bars
• Tral_Stop - Points trailing when profit position
• TrailingStep - Step trailing when profit position
• StopLossInPoint - loss in points, at which a deal is closed
• TakeProfitinPoint - take profit in points (if set 0 does not use take profit)
• PendingOrderExpirationInHours - Pending order delete after x hours
• StartTradeHour - start trading at
• StartTradeMinute - start trading at
• EndTradeHour - end trading at
• EndTradeMinute - end trading at
• TradeSunday - False / True
• TradeMonday - False / True
• TradeThuesdy - False / True
• TradeWednesday - False / True
• TradeThursday - False / True
• TradeFriday - False / True
• CloseStartHour - start closing open trades at
• CloseStartMinute - start closing open trades at
• CloseEndHour - end closing open trades at
• CloseEndMinute - end closing open trades at
• in_NY_DST - set to true if New York uses Daylight saving time (Spring). Set to false if New York does not use Daylight saving time (Winter)
• GMTOffsetForTesting - GMT offset - for backtesting only