Description

Boss EA 6.29 MT5

This system takes advantage of the stagnant market during the Asian session. The EA does not use indicators, grid, martingale, arbitrage. The trading system is suitable for both experienced traders and beginners. The EA includes protection against high spreads, and allows you to trade with a fixed or automatic lot size. LIVE signal: https://www.mql5.com/en/signals/714546 Recommended timeframe is M5. Minimum account balance: $50. Default parameters are for EURUSD M5. MT4 version can be found here: https://www.mql5.com/en/market/product/50887 Requirements:

• Hedging account.

Features:

• Every trade is protected by stop-loss
• Optional automatic trade closing on Fridays
• The EA is not sensitive to spread or broker, you may chose any broker you trust to
• No dangerous money management are used (grid is optional and not used in my signals)
• Trailing stop supports profit taking and loss limitation
• Good resistance to unexpected market events
• Stress tested with 99.90% tickdata using variable spread
• Easy to setup and use

Expert Logging Function(ver. 2.92 or higher)

• Take a look at Figure 1 in the screenshots section. This function can help to find out the reasons why the EA opened (or not) a trade in backtesting / live trading.

IMPORTANT: Pay attention to GMT parameters! In order to get proper results, you have to set them correctly according to your broker GMT Offset Settings:

• Fixed Order Size – fixed trading lot
• Enable AutoLot – use automatic lot calculation
• Balance For Every 0.01 Lots – balance to be used per 0.01lots (automatic lotsize based on balance)
• Max Risk Per Trade – auto MM based on the stop loss and deposit size. For example: at a value of 5, closing a trade by stop loss will result in a loss of 5% of the balance
• Maximum LotSize – maximal allowed trading lot
• GMT Offset Auto – if true, the EA will find the GMT offset automatically. Allow requests to https:/ /www. worldtimeserver .com (remember to delete spaces!)
• GMT Offset Manual – set your broker’s time zone (in winter)
• Adjust DST Manual – set your broker’s DST

Time

• Monday Trading – true/false – enable or disable trading on Monday
• Tuesday Trading – true/false – enable or disable trading on Tuesday
• Wednesday Trading – true/false – enable or disable trading on Wednesday
• Thursday Trading – true/false – enable or disable trading on Thursday
• Friday Trading – true/false – enable or disable trading on Friday
• Friday Exit – true/false – if you wish to close all trades on Friday, you should use FridayExit=true
• Friday Exit Hour – the robot will close all open positions at this hour on Friday

System

• Trade Direction – long and(or) short can be selected
• Volatility Ratio – filter based on intraday volatility. Default value: 55. Recommended values: 0…100
• Hour/Minute to Open a Trade – here you can adjust the hour/minute for opening a trade. It has to be set in GMT+2 DST:US/EU (corresponds to GMT+2 in winter, GMT+3 in summer) timezone which gives five full 24-hour daily candles each week and is used by most brokers. The daily candles open at 0:00 during the bank rollover time. I use default settings. This parameter does not depend on the broker or PC/VPS local time. Minutes should be divisible by 5, for example: 0,5,10…55
• Maximum Spread – maximum allowable spread, pips
• Maximum Slippage – maximum allowable slippage for instant accounts, pips. Increase it to avoid re-quotes and off-quotes
• Take Profit – take profit in pips (1 pip = 10 points for a 5-digit broker)
• Stop Loss – stop loss in pips
• Hide Stop Loss – enable/disable hiding stop-loss (SL is executed by the EA). If Grid strategy enabled, SL will be disabled at all
• Trailing SL – trailing stop in pips
• Trailing SL Start – when to start the trailing stop
• Max Holding Time – maximal position holding time – a maximum number of bars between opening a position and closing it completely

Other

• Magic Number – unique identifier for EA’s orders
• Order Comment – comment for EA’s orders
• Enable Grid – enable/disable grid strategy. I will not use the grid strategy, it was requested by customers
• Grid Spacing/Grid Multiplier/Grid Size – space between orders / grid multiplier / max. number of grid orders
• Grid Custom Multipliers – custom multipliers for each step separated by a comma, for example – 1,2,4,8,16