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Zallo EA EU

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:

  1. 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.
  2. Automated Trading:

    • Automatically opens and closes positions based on predefined indicators and conditions.
    • Supports both long and short positions with customizable lot sizes.
  3. 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.
  4. 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.
  5. 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.
  6. Session Management:

    • Define trading sessions to ensure trades are only placed during active market hours.
    • Special settings for handling weekend and Friday sessions.
  7. 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.
  8. 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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The King Advisor is a highly advanced neural network algorithm. Its strategy is based on the identification of support levels, resistance and trend lines through a sophisticated self-learning system and a trading system devised with years of experience and work. Developed by a team of experienced traders. PLEASE NOTE THAT THERE WILL BE A LIMIT OF 200 EXEMPLARS --> Total copies sold updated: 190 New Live Signal: https://www.mql5.com/en/signals/2252376?source=Site+Profile+Seller We have a promotio
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Thi Thu Ha Hoang
4.71 (28)
Have you ever wondered why most expert advisors are not effective in live trading, despite their perfect backtest performance? The most likely answer is   Over-fitting . Many EAs are created to ‘learn’ and adapt perfectly to the available historical data, but they fail to predict the future due to a lack of generalizability in the constructed model. Some developers simply don't know about the existence of over-fitting, or they know but don't have a way to prevent it. Others exploit it as a tool
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Marzena Maria Szmit
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The XG Gold Robot MT5 is specially designed for Gold. We decided to include this EA in our offering after extensive testing . XG Gold Robot and works perfectly with the XAUUSD, GOLD, XAUEUR pairs. XG Gold Robot has been created for all traders who like to Trade in Gold and includes additional a function that displays weekly Gold levels with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on Price Action, Cycle S
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Inrexea Limited
5 (2)
No Backtesting is allowed: (OIS IS NOT A HFT Strategy, Will not be violated by Prop firm rules) We don't rely on backtest results. The backtesting environment can't access our database to retrieve historical data. We aim to provide clarity to EA traders and not mislead them. The best approach is to monitor our signals. If you're wondering how to verify that it works with your broker, the response is the same: backtesting results alone don't prove effectiveness. "OIS" : The Final product of ours
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Xian Qin Ceng
5 (7)
The original price is $399. The $300 promotion ends in 24 hours! Gold has risen 25% in about a year, which is crazy, so I manually placed a long Sell order on August 23. This trade once brought a profit of $15, but I thought it was possible to get a bigger profit, so I chose to hold it. Gold continued to rise, but I would not change my judgment that gold would return to $2,400. Don't be confused, this is a manual order, EA's orders usually stop loss at $1--3, and rarely may trigger a maximum st
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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