Market / MetaTrader 5 / Experts /

Zallo EA EU

90 USD

Demo downloaded: 16

Published: 2 July 2024

Current version: 2.5

Zallo EA EU

Experts
Ioan Danut Burtea
Version: 2.5
Updated: 5 July 2024
Activations: 5

Expert Advisor (EA) - Version 2.0

EUR/USD on M5 Timeframe

Due to the volatility of the forex market, I decided to optimize this EA over a shorter period of time.

Periodically I update it at EA so that you can trade in the most optimal way.

Tested and optimized for IC Markets.

Overview:

Introducing our advanced Expert Advisor (EA) for MetaTrader 5, now in version 2.0! This EA is specially designed to trade on the EUR/USD currency pair using the 5-minute (M5) timeframe. Whether you are a novice or an experienced trader, this EA aims to assist you in making informed trading decisions and managing your trades efficiently.

Features:

Optimized for EUR/USD on M5:
- The EA is tailored to work exclusively with the EUR/USD currency pair.
- Operates on the 5-minute (M5) timeframe for optimal performance.
Automated Trading:
- Automatically opens and closes positions based on predefined indicators and conditions.
- Supports both long and short positions with customizable lot sizes.
Indicators Integration:
- Average True Range (ATR) for volatility measurement.
- Directional Indicators (ADX) for trend strength analysis.
- Moving Average Convergence Divergence (MACD) for trend direction.
- Relative Strength Index (RSI) for identifying overbought or oversold conditions.
Risk Management:
- Configurable Stop Loss and Take Profit levels to manage risk and lock in profits.
- Trailing Stop functionality to protect profits while allowing potential gains.
News Filter:
- Integrated news filter to avoid trading during high-impact news events.
- Customize the filter to include medium and high-priority news for selected currencies.
Session Management:
- Define trading sessions to ensure trades are only placed during active market hours.
- Special settings for handling weekend and Friday sessions.
Account Protections:
- Safeguard your account with features like maximum daily loss, minimum and maximum equity settings.
- Automatically deactivate the EA to prevent further losses once the set thresholds are reached.
Statistics and Reporting:
- Real-time display of position stats, including open price, current price, profit/loss, and more.
- Comprehensive robot stats showing trade performance over various periods (daily, weekly, monthly).

Customization:

The EA is highly customizable, allowing users to adjust:

Entry and exit parameters.
Indicator periods and levels.
Risk management settings.
News filter options and more.

Easy Setup:

Simply attach the EA to the EUR/USD M5 chart and adjust the settings to fit your trading strategy.
The intuitive interface and detailed settings make it easy to configure the EA to match your specific needs.

Version 2.0 Updates:

Enhanced performance and stability.
Default news filter activation to avoid high-impact events.
Clearer and more detailed statistics reporting.
Improved session management options.

Disclaimer:

Trading foreign exchange (Forex), contracts for differences (CFD), and other leveraged financial instruments carries a high level of risk and may not be suitable for all investors. The use of this Expert Advisor (EA) is at your own risk, and you should ensure you fully understand the risks involved. Past performance is not indicative of future results. We recommend testing the EA on a demo account before using it on a live account and using proper risk management techniques. The creators of this EA are not responsible for any financial losses that may occur.

Conclusion:

Maximize your trading potential with our Expert Advisor version 2.0, exclusively optimized for the EUR/USD currency pair on the 5-minute timeframe. This EA is equipped with the latest features to help you navigate the markets efficiently and effectively. Take advantage of automated trading, advanced indicators, and robust risk management tools. Download now and start enhancing your trading strategy with our Expert Advisor!

Note: Please ensure to backtest the EA on a demo account before deploying it on a live account. Proper risk management is essential when using automated trading systems.

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Version 2.5 2024.07.05

Fixed some bugs.

Version 2.0 2024.07.03

Fixed some bugs.
Tested and optimized 01.04.2024--02.07.2024