Market / MetaTrader 5 / Experts /

SuperCable

399 USD

Demo downloaded: 56

Published: 22 May 2024

Current version: 1.0

SuperCable

Experts
Gregory Hay
Version: 1.0
Activations: 5

Welcome to SuperCable EA, an effective trader for the GBPUSD pair (aka Cable). Developed by our team to work in normal accounts, funded prop accounts and prop challenges! Does not use HFT!

Performance Signals: https://www.mql5.com/en/users/fxmanagedforexltd/seller

SuperCable EA system uses single daily order on breakout basis. It runs on the 1 hour chart. It has inbuilt Proprietary Moving Average filters to avoid counter trend trades.

Executive Mode MA
Stimulus Mode MA
Specialist Mode MA

System will close and cancel all orders by 5pm GMT. No overnight trades. All trades guarded with fixed 40 pip Stop Loss. Exit by trailing stop loss. EA has win rate of 82%.

SuperCable EA has fixed lots mode and RISK % mode, so account can grow and adjust lots automatically.

SuperCable EA uses a recovery function of 4.0 that will increase the lot next day if the prior day was loss. Client has choice to use recovery or not, as the system is very stable by using non recovery also (backtest in comments section) it is personal choice. But with a historical win rate of 82%+, the odds favour to use recovery to increase performance. Client can backtest on same lot by removing recovery function by making<lot increase after loss> input = 1.0

SuperCable EA is advantageous to both prop users and standard traders. It can pass challenges promptly and also continue to trade on the funded account.

Strategy Summary:

Currency pair: GBPUSD
Platform - MetaTrader 5
Minimum deposit : $50
Timeframe: 1 hour
Broker Offering : RAW/ECN spreads/Razor
Broker Selection : IC Markets/VantageFX/ Pepperstone with Raw and Razor accounts for lowest spreads
IMPORTANT: The lower the spread the better.
Account type: Hedge or netting, FIFO also works.

TradingSpecifications:

Places Order Once Daily - 1 Maximum Trade Per day.
Entry - Pending Orders placement
Exit - By Stop loss, or trailing profit orders.
Every trade has a 40 pip SL and TP
Orders are cancelled or closed before EOD.
No daily rollover or overnight trades.
VPS not essential but recommended
Easy setup with only changes to risk/lots and GMT clock if necessary.
Find backtests in comments

Backtesting:

EA will test in long time horizons (~10 years), see our backtests in comments section.

Run Default EA on GBPUSD 1 hour based on GMT+3 broker (time will need adjusted for exness, oanda and other GMT0 broker). Ea is set to low risk (start risk 1%, recovery 4.0, Max risk 10%)

To increase risk medium: (start risk 2%, recovery 4.0, Max risk 20%)

To increase risk high (400:1> requirement margin): (start risk 4%, recovery 4.0, Max risk 40%)

PROP risk: (start risk 1%, recovery 4.0, Max risk 4%), or 1/3/3 if max daily DD is limited to 3%.

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