Market / MetaTrader 5 / Experts /

Relax EA MT5

399 USD

Demo downloaded: 229

Published: 31 December 2020

Current version: 1.31

Relax EA MT5

Experts
Fabio Cavalloni
Version: 1.31
Updated: 8 September 2022
Activations: 5

Live monitoring signal

NOTE: This is for monitoring only, do not subscribe to signal!

This EA trade in a very delicate way during very delicate time, be smart and don’t use copy signals service. Discrepancies in quotations, spreads, trading hours and delay in copying trades will make almost impossible to have same results.

Relax EA open trades at the end of Friday trading session looking for specific patterns, volatility and momentum on several timeframes: main idea is to catch quickly and predictable movement during the lowest volatility period.

If trades do not hit targets before the weekend closure of the market, there can be possibilities of weekly gap in trade's favour.

It consists in different strategies that are automatically handled from a single EA instance to provide best possible diversification. All mathematical calculations are done focusing especially in statistical edges and stable growth, not only on profit.

No more than 1 trade for each strategy, no grid and no martingale: all trades have hidden SL and TP. Average holding time for positions of few hours.

This EA trades all 28 majors and minors forex pairs based on the 8 most important currencies (EUR, USD, GBP, CHF, JPY, AUD, CAD, NZD).

It’s possible to trade all pairs from a single chart or to place an EA on each pair chart to let it working by tick and not by timer. (Most of time this latest it’s the preferred option for scalping systems, anyway all tests based in both modes provide very similar results. Timer of calculations happens 4 times in a second, a long way more than ticks speed during its trading session).

Input parameter	Description
Magic number	Base ID number of trades opened by EA (EA uses multiple magic numbers, one for each strategy, adding strategy number to this ID).
Symbols	Symbols on which EA will work on (empty = only current chart symbol).
Symbols to exclude	Symbols to exclude from opening trades (comma separated, you can also enter currencies only, for example GBP,JPY to avoid all GPB and JPY pairs trades).
Lots	Lot size for each trade (0 = use dynamic calculation).
Risk factor	If lot size = 0, then specify risk factor for each trade.

more...

251

EakasitL 2022.06.28 03:10 #

So far so good. I've been running the EA for only two weeks, so I can't comment on its long-term profitability yet. What I can say, however, is that the author is genuine and cares about his customers. When I had a technical issue, he promptly helped to resolve it within an hour. I highly recommend this author.

255

Maurizio Francia 2021.03.16 11:31 #

Solid strategies that keep making interesting profit. Thanks

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RSI Currencies is an indicator that is based on the RSI concept but with a totally different approach. It calculates its values calculating all RSI values of all pairs related to the same currency and making an average between them: the goal is to obtain a more solid and trustable information about what each currency are doing lowering the impact of market noise and extreme euphory on a particular pair to analyze the whole basket. It works on 28 forex majors and minor pairs related to these curr

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OnBoard stats is a panel that show in a single view a lot of usefull information about working orders and trading account. It has 4 different sub-panels (from left to right): Symbols order statistics : it can be found symbols for which there are orders (market or pendings). Symbol with pendings are colored with "Pendings color". Clicking on a specific symbol row, chart will be changed to that symbol. Current symbol statistics : informations about the "current" symbol, the one which is opened in

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Forex Meter Oscillator is an indicator that can give a whole view of forex market from a single chart, measuring currency strenghts among 28 forex pairs (majors and minors). The "oscillator" word is very meaningful: it normalizes currency strenghts in order to provide values in a predefined range (from -1 to 1). What are normalization's advantages? It's so simple, values will always be in a pre-defined range that reflect exactly the current value compared to the last N values. In this way you

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EakasitL 2022.06.28 03:10 #

MaxGKX 2022.02.22 04:20 #

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Maurizio Francia 2021.03.16 11:31 #

Solid strategies that keep making interesting profit. Thanks

Version 1.31 2022.09.08

- Put the 'Symbols' variable visible again, to allow single symbol backtest (Leaving that variable empty).

Version 1.3 2022.08.30

- Added symbols prefix/suffix
- Added "Hard stop loss" functionality (0=not used)

Version 1.2 2022.02.10

Bugfixes and additional checks to avoid initialization problems

Version 1.1 2021.02.23

Bugfixes and improovements