Cipher Chase Metals Trader MT5
- Experts
- Evren Caglar
- Version: 1.2
- Updated: 29 June 2024
- Activations: 5
Live 100k Prop Challenge! This set can be used with small accounts: Download
Cipher Chase is the latest generation of trading algorithm based on probability theory and price action principles. It is particularly calibrated to trade Silver prices and developed by a team of qualified traders. Like our all trading algorithm, without optimization for these specific periods, Cipher survives 2020 Covid 19 collapse and 2022 financial meltdown periods.
Cipher Chase is a derivative of Cipher Hybrid-HFT Gold Trader which can be found here: Cipher Hybrid-HFT Gold Trader.
Institution Breaker develops trading models which mimic the trading methods of professional traders. Members of the Institution Breaker are also experienced traders. You can access all our free and paid bots from this link: Institution Breaker's Page.
Strengths:
3- Easy to use for prop challenge accounts.
4- Cipher is also tested in many brokers and the consistency and robustness of test results are compared under different tick-data environments.
5- Cipher uses no grid and no martingale methods. Every order comes with stop loss and take profit levels.
6 - Advanced open order tracing system.
7- It is easily customizable for your risk limits and trading style.
9- Stable long term gains.
Before First Time Use The Cipher
We aim for 100% customer satisfaction with our products. We want Cipher to provide maximum benefits to every user. Therefore, before you purchase, you can consult us on how to setup for your broker and with your risk limits.
1. Ready to go on Silver price charts. You only need to adjust the lot size.
2. Price chart should be M30 timeframe.
3. After you purchase, you can contact me for installation and remote help.
4. We recommend testing Cipher in your broker without purchase and make sure it satisfies your expectations.
5. We recommend using Cipher in a demo account for at least 2-3 weeks before you put it in a real account.
6. Please make sure you have a sufficient buffer in your account before you work
7. Always double check the magic number, lot size and the time frame.
7. We offer free trading algorithms: Cybele CFD MT5 and Secutor CFD MT5 . You can improve the portfolio return by adding them in your portfolio.
8. You can join the Institution Breaker's private community after purchasing the product. Only verified users can join. Just PM me after the purchase for the details.
Parameter Description
| Parameter | Description | Settings |
|---|---|---|
| TP and SL | Both are in the forms of coefficient of ATR. | Number |
| Move Stop Out Coefficient | After a certain point gain, Cipher locks the risk. It has no green to red policy. | Number |
| Trail Stop | Dynamic stop-loss order that adjusts as the market price moves in favor of the trade. | Pips |
| TS Activation | TS Activation Level determines when the trailing stop should become active. | Pips |
| Limit Time Range | You can limit the operations of Cipher within a certain time period. You need to match time with broker's time. | Time |
| Max Number of Trades | You can limit the daily number of trades. By default Cipher places 4 orders daily at max. | Number |
| Exit At The End Of Range | Closes all open orders at the end of the time range. It does not consider if it is in profit or not. | True-False |
| Normalization of Data | To stabilize the operations among different brokers, we normalize the data with some coefficient. | Number |
| Delay Trades In Minutes | Cipher waits placing an order by the minutes defined here. | Number |
Final Words
I kindly underline that our risk is the only thing we can control in financial markets. Therefore, appropriate risk management is the beginning of everything in financial markets. The foundation of wealth stems from the aggregation of small gains over time. We advise you do not take aggressive risks with Cipher Chase. Enjoy your profits.
