Breakthrough Strategy

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Description

Product Description

Breakthrough Strategy

 

V1.9

This system was developed to work with a large number of sets and after a certain time showed itself well when working at the close of trading on Friday. As a result, this direction of trading has become the main one for working with this expert. There are 25 current sets for different currency pairs, as well as a profile for quick setup (download in comment #164). You can analyze the statistics of the work of an expert for different currency pairs at my signal:  https://www.mql5.com/en/signals/395124. Also in the comment branch are other links to the signal for analysis. Measure statistics on a live signal, as the strategy tester will not give you real transactions, due to the specific trading time of this strategy. The Expert Advisor is well adapted to spread jumps and uses them to its advantage, this is achieved due to the fact that the Expert Advisor has been corrected for 2 years now based on statistics and analysis of a live account, and not backtests.

Last settings for EA in the comment: #164

? Telegram channel with news: https://t.me/EAFXPRO

? Telegram group for questions and discussion: https://t.me/EAFXPRO_chat

Currency pairs for which sets are developed: AUDCHF, AUDJPY, AUDNZD, CADCHF, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPCAD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY.

 

Highlights to pay attention to

1. During live operation of the expert the GMT offset parameter is determined automatically based on local time of the computer (GMT_Offset_AUTO=true).

This parameter provides synchronization of the expert settings with the MetaTrader 4 server time.

To ensure the correctness of settings it is necessary:

  • to compare the GMT time in expert information area on the chart of currency pair, to which the expert is attached, with http://time.is/GMT (or other reliable source).
  • If the values do not match, then set GMT_Offset_AUTO=false and set a value of GMT_Offset_Manual according to the instructions in https://www.mql5.com/en/blogs/post/682539

2. In order to activate the News filter function, enable “Allow WebRequest” and add https://sslecal2.forexprostools.com/ to the URL list for WebRequest.

To do this, open Tools > Options > Expert Advisors. Check the option “Allow WebRequests for listed URL:”. Add https://sslecal2.forexprostools.com/ and click OK.

3. By default, in the expert settings, the trading lot size is set to 0.01 for every 100 units of balance.

After testing on real accounts this parameter can be changed depending on your preferences. I recommend using a fixed lot (Use_Fix_Lots) or a recovery money management (Use_MM_Reg_1 or Use_MM_Reg_2).

4. The expert works the same on any timeframe, as it automatically takes the necessary data from multiple timeframes.

As the expert uses multiple timeframes for the analysis, it is necessary for the quotes of all timeframes (M1, M15, M30, H1, H4) to be downloaded in the terminal for testing. At the same time, the test itself is produced on the M1 timeframe.

5. The EA logs information on spread, slippage and other useful information when performing trades, and also when it is possible to make trades.

To write this information, set the parameter Record_Deals = true;

To view this information:

  • go to MQL4/Files in the terminal folder and open the corresponding file (this action can be made in time which is not coinciding with time of opening of transactions by the expert and when there is no open transactions of the expert);
  • after viewing, close the file (so that the expert could write down information further).

6. If you use an expert on different currency pairs, then there is no need to change the magic numbers (“magics”), since the expert identifies the transactions simultaneously by magic number and by currency pair.

The full list of parameters can be found in the blog: https://www.mql5.com/en/blogs/post/695169

           
Breakthrough Strategy
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