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Block Friday

This Expert Advisor designed for traders seeking a steady and reliable approach to the market. This EA adopts a strategic methodology by analyzing the market trend on a weekly basis, ensuring well-informed trading decisions. 

This EA has passed a 5++ year backtest

Key Features:

  1. Weekly Market Trend Analysis: block Friday employs a robust algorithm to analyze the market trend on a weekly basis. This strategic approach allows traders to make informed decisions based on the broader market context.

  2. Once-a-Week Trading: The EA is programmed to execute one optimized trade per week on friday, providing a disciplined and patient trading strategy.

  3. Stop Loss and Take Profit: block Friday integrates a precise stop-loss and take-profit mechanism to manage risk and capitalize on potential market movements.

  4. Multiple Operations on Stop Loss: In the event of reaching the stop-loss level, the EA intelligently initiates multiple operations, adapting to market conditions and optimizing potential profits.

  5. Money Management: The EA incorporates advanced money management techniques, allowing traders to customize lot sizes based on their risk tolerance and account size.

Parameters:

  1. Magic Number : Order identity
  2. Slippage : -
  3. TARGET_DAY : market analysis based on target day
  4. OPEN_DAY : market open based on open day
  5. MIN_RANGE_OP : minimum range allowed to open order
  6. SL_SCENARIO : use switch scenario when OP hit by stoploss
  7. STOPLOSS_TOLERANCE : added tolerance to stoploss
  8. TAKEPROFIT_BASE_POINT : range profit based on candle. 
  9. LOT_MANAGEMENT_PERCENT : Use money management every time you make a transaction. For example, if it contains the value '1' then each loss transaction will lose 1% of the balance.
  10. LOSS_LOT_MULTIPLE : when order hit by stoploss, lot for next order will multiple
  11. USE_HIGHEST_BALANCE : if set true, Money management calculations will take from the highest balance.


Note : we have a best setting ever for some pair we have backtested this EA. you can access this setting in this url : (https://drive.google.com/drive/folders/1a4biDh7UqP8SM1xLJKqaUgzHjNKXxyOi?usp=sharing)


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Experten
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Experten
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Experten
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Version 1.3 2024.03.24
Note 1.1
-> Added properties USE_HIGHEST_BALANCE (use highest balance for calculate lot)
Note 1.2
-> Fix Bug : is balance enough for position
Note 1.3
-> Added Panel UI