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Edgeweasel FTMO

49 USD

Demo downloaded: 20

Published: 12 March 2024

Current version: 1.18

Edgeweasel FTMO

Experts
Edgellence
Version: 1.18
Updated: 16 April 2024
Activations: 5

Edgeweasel FTMO: This EA stands out as an exceptional Expert Advisor, specifically designed for traders targeting success in FTMO challenges and those who aspiring to succeed in proprietary trading. It serves as a valuable tool for anyone looking to meet the stringent criteria of prop trading firms. Optimized to operate within the strict constraints of these firms, Edgeweasel FTMO offers traders a competitive advantage in a challenging environment.

The core strategy of the EA leverages the Opening Range Breakout (ORB) method, a well-regarded and systematic approach designed to take advantage of market movements through the identification and pursuit of breakouts from an established range right after the market opens. In addition to its strategic prowess, Edgeweasel FTMO is designed with integrated risk management features to match the stringent risk parameters of FTMO. It monitors drawdown levels, ensuring traders stay within the acceptable loss thresholds and protect their positions. It also includes a option to cease trading once the target profit is reached, preserving gains in accordance with FTMO's profit objectives.

Calibrating: We emphasize a streamlined approach to strategy development, reducing the likelihood of overfitting—a common issue when excessively tuning numerous parameters to historical data. We have deliberately limited the number of adjustable parameters and excluded any inputs that do not demonstrably affect outcomes. Beyond the basic parameters accessible via the input parameter screen, other adjustments can be done but require an external file** and remain unoptimizable in the strategy tester***, preventing overfitting and enhancing reliability in live or prop firm trading. This advisor operates independently of your chart timeframe using trading server time, noting that charting entailing timeframes above hourly (e.g., bi-hourly or daily) is not supported.

Support and Assistance: Our dedicated team is committed to providing outstanding support, ready to address any questions or challenges promptly. Our aim is to ensure a smooth and supportive experience, offering dependable assistance as needed.

Communication: Feel free to contact us via email or DM and or check the Edgeweasel channel https://www.mql5.com/en/channels/edgeweasel to keep up you updated!

"With Edgeweasel FTMO, traders gain access to an expertly developed tool that not only navigates the intricacies of the ORB strategy but does so with the precision and control needed to advance through the FTMO set of rules successfully."

Example settings, without excessive optimization:

Hourly timeframe	2019/01/01 - 2023/12/31
Description	Parameter	Value
Alias	Alias	Edgeweasel FTMO
Configuration	Configuration	Initial setup
Auto lot	RiskAdjustedPositionSize	true
Lot size	LotSize	1
Risk percentage	RiskPercentage	0.5
Risk return ratio (1:N) / 0 = no TP	RiskReturnRatio	0
Start day trading	StartDayTrading	2019-01-01
Initial balance	InitialBalance	100000
Target profit percentage	ProfitTargetPercentage	10
Maximum daily loss percentage	MaxDailyLossPercentage	5
Maximum total loss percentage	MaxLossPercentage	10
Close all positions on target	CloseAllOnTargetReached	false
Hour reset daily loss (server time)	DailyLossResetHour	22
Instruments (,)	Instruments	EURUSD,GBPUSD,USDJPY
Start trading hour	StopOrderOpenHour	12
End trading hour	PositionCloseHour	16
Box size in hours	BoxSizeInHours	4
RSI adjustment (0-100)	RSIAdjustment	60
Cumulative RSI	CumulativeRSI	true
Random start trading	RandomHour	false
Override file	OverrideFile	override.ini
Forecast file	ForecastFile	forecast.ini

* Other language packages are available upon request.

** If you're unable to directly access the file system of your VPS, our VPSToolkit is available free of charge to move the files to the appropriate location for you.

*** If you're looking to adjust default settings via an external file, note that MQL5 Market products can't automatically apply these to the Strategy Tester. Our team is here to help you find a secure, effective solution.

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Welcome to Dow Jones Algo EA LAUNCH PROMO: Only a few copies left at the current price! Final price: $2993.99 BONUS - BUY LIFE TIME Dow Jones Algo EA GET FREE 1 EA (limited 2 accounts) => Ask in private for more details!!! LIVE SIGNAL Dow Jones Algo EA(DJA) is an EA that uses a strategy based on the algorithm that calculates the closing prices of the 100 most recent candles across 5, 10, 15-minute, 1-hour, 4-hour, and 1-day time frames to find the best entry points. - The EA executes buy/se

253.99 USD

Edgeweasel ORB: The EA that goes beyond the typical Opening Range Breakout (ORB) Expert Advisor. This versatile multi-asset tool excels in scanning multiple instruments simultaneously for trading opportunities immediately after the market opens. With its configurable RSI filter, it precisely targets overbought and oversold market conditions, significantly enhancing overall performance and success rates. To serve our diverse global user base, the advisor offers multilingual support, encompassing

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Multi-Asset, Multi-Strategy and Multi-Language: Edgeweasel Pro is a multi-asset tool capable of scanning up to 20 instruments simultaneously, including major currency pairs, indices, and commodities. The advisor also incorporates multi-strategy capabilities with tailored strategies for Forex, Indices, and Commodities. These strategies aim to capitalize on price corrections following extreme movements. To cater to our global user base, the advisor supports multiple languages, including English,

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Virajalong 2024.04.10 11:49 #

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Version 1.18 2024.04.16

Some minor improvements on the business logic.

Version 1.17 2024.03.24

Minor changes on panel and added clock

Version 1.16 2024.03.17

Changing the logic when the target is reached

Version 1.15 2024.03.17

Enhanced performance, improved risk management logic