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CadenceFX MT5

5
Key Features:
  • Dual Indicator Strategy: The EA utilizes Bollinger Bands and Stochastic Oscillator to identify reversal points, ensuring precise entry and exit signals for profitable trades.
  • Trend Filtering System: CadenceFX incorporates a trend filtering system to prevent trading in strong trend conditions, enhancing trading accuracy and reducing potential losses.
  • Patience in Trading: The EA waits for the market to retrace before entering trades, ensuring a strategic approach to trade execution.
  • Dynamic Lot Sizing: Automatically adjusts the lot size based on the current account balance, optimizing risk management and capital preservation.


MT4 Version: Click Here

Live Signal: https://www.mql5.com/en/signals/2247553


Backtest Details:

  • Modelling Quality: 100% Real Ticks History Quality
  • Spread: Variable
  • Time Period: 2010 – 2024.05
  • Symbol: USDCAD
  • Timeframe: M15
  • Risk Level: Medium-High Risk
  • Initial Deposit: $10,000

*Backtests should be conducted with Tick Data Suite GMT+2 with US DST. This GMT offset is widely used by most brokers.


Key Results:

  • Total Net Profit: $3,028,904.53
  • Profit Factor: 2.24
  • Recovery Factor: 7.21
  • Maximal Drawdown: $115,378.83 (5.47%)
  • Total Trades: 4982
  • Winning Trades (%): 70.71%
  • Losing Trades (%): 29.29%

The growth chart shows the account balance steadily increasing, with significant upward trends in later periods.


Settings:
  • Risk Management: Customize the level of risk according to your trading preferences.
  • Take Profit for Initial Trade: Set the take profit level in pips for the initial trade.
  • Take Profit for Pips as Position: Specify the average profit in pips to aim for when opening multiple orders (2-3 orders).
  • Bollinger Bands Period: Determine the period of the Bollinger Bands used for calculating upper and lower levels.
  • Stochastic Indicator Parameters: Set the periods and values for the Stochastic indicator to fine-tune trading signals.
  • Trade Distance: Define the minimum distance in pips between trades.
  • Trade Multiplier: Specify the multiplier for the lot size of the next trade.
  • Stop Loss: Set the percentage of your account balance to be used as a stop loss.
  • Maximum Slippage: Specify the maximum allowed slippage in pips for trade execution.


*** The only thing I recommend you adjust in this EA is to choose the lot size setting as you prefer.

Select True for your desired risk management setting: either Select_Risk_Setting, Select_Percent_Setting, or Select_Fix_initial_lot (choose only one to be True).

Once you've selected True, choose the risk level or input a numeric value under that option.


Recommendations:
  • Currency Pairs: USDCAD
  • Timeframe: M15
  • Account Type: Suitable for any account type, with a preference for ECN/Raw spread accounts.
  • Leverage: Recommended leverage of 1:100 for optimal trading conditions.
  • Settings: Default settings provided for ease of use.
  • Minimal/Recommended Deposit: Start trading with a deposit of $3000 or 3000 US Cent to effectively implement the EA's strategy.


Reviews 11
GoodFella007
39
GoodFella007 2024.08.06 15:08 
 

It performs really well. No really big DD, using it for about 2 months now, so far so good nothing to complain. Get your hands on this EA =)

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This expert advisors search for perfect impulse setups. 2 Units left at 1200 USD. Next price 1500 USD Offer 900 USD until monday 26 August The approach is use a very few but high effectives rules / filters and an effective management of the opened position. Signal https://www.mql5.com/es/signals/2049326 Backtest The EA must be backtest in any timeframe, but for use in live, must be attached to a M5 chart. Live setup The EA is very easy to configure, and can be used with the
FT Gold Robot MT5
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Introducing the FT Gold Robot MT5, your ultimate companion in navigating the intricate world of XAUUSD trading. Developed with precision and powered by cutting-edge algorithms, FT Gold is a forex robot meticulously crafted to optimize your trading performance with XAUUSD pairs . With its advanced analytical capabilities, FT Gold Robot constantly monitors the gold market, identifying key trends, patterns, and price movements with lightning speed. The FT Gold Robot opens 5 positions every day (you
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Tyler Wilhelm
121
Tyler Wilhelm 2024.08.15 05:22 
 

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GoodFella007
39
GoodFella007 2024.08.06 15:08 
 

It performs really well. No really big DD, using it for about 2 months now, so far so good nothing to complain. Get your hands on this EA =)

MPELO
14
MPELO 2024.07.16 14:41 
 

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[Deleted] 2024.05.19 04:03 
 

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pattaya112
248
pattaya112 2024.05.06 15:02 
 

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Bruks51
84
Bruks51 2024.04.26 13:00 
 

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ruecha_m
376
ruecha_m 2024.04.17 06:49 
 

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146212248
14
146212248 2024.04.07 05:23 
 

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Miss Supatcha Pigulkaw
8895
Reply from developer Miss Supatcha Pigulkaw 2024.04.08 04:08
You can ask me to check it on myfxbook.
tico16
31
tico16 2024.01.30 03:04 
 

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Skrulle
105
Skrulle 2023.12.25 22:02 
 

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Rene Kaufmann
363
Rene Kaufmann 2023.12.15 10:25 
 

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Reply to review
Version 1.2 2024.07.15
Increase the stability of the trading system and modify parameters
Version 1.1 2023.12.15
Added options for risk management