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Veltro Cycleripper MT5

49 USD

Demo downloaded: 158

Published: 19 July 2024

Current version: 1.2

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Overview
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Veltro Cycleripper MT5

Name: Veltro Cycleripper MT5
Price: 49.00 USD
Rating: 5 (1 reviews)
Author: Evren Caglar

Experts
Evren Caglar
Version: 1.2
Updated: 20 July 2024
Activations: 5

We continue to exploit market inefficiencies and add one more quant algo trader in our portfolio. Veltro Cycleripper is developed to address and exploit market inefficiencies in the EURUSD instrument.

Recommended Setup:

Instrument: EURUSD (Could be optimised and used on any instrument)

Time Frame: H1(Could be optimised and used on any time frame)

You can use this set file for EURUSD H1 Timeframe: Set File

Veltro enters trades with limit orders and manages orders with a trailing stop loss system. Every order comes with TP and SL levels straightaway. Like all our expert advisors Veltro does not use grid or martingale trading systems.

You can read my article for how to obtain x13x return with portfolio diversification.

Safety Comes First

Veltro also bases on probability and percentile theories. Market inefficiency does not show up very often but when it appears, the win rate is very high and Veltro can generate x10 times risk-reward ratio.

Thanks to its robust algorithm, it can operate successfully under stressful trading conditions. Like all our expert advisors, Veltro has survived the financial meltdown period of Covid-19 Pandemic and 2021-2023 Financial Meltdown periods.

Rigorous Testing Procedures in Our Artificial Trading Laboratories

In physician sciences, limitless experiments can be conducted in laboratories. However, we have no such opportunities in the science of finance. The truth is that we have no laboratories in finance where thousands of experiments could be conducted in the “real trading environment”. Trading models are developed and tested with the history data which is the bad approximation of the real data flow and trading conditions.

Therefore, it is necessary to use special tools and methods in the development and testing phases of trading models. In Institution Breaker, thousands of dollars have been spent to develop artificial finance laboratory that mimics the behavioral characteristics of real trading environments. Our all trading models have been created and tested in this laboratory. Our trading models must pass difficult challenges in order that they perform well and generate consistent profits not only in the history data but also in the real trading environment.

Veltro Cycleripper has successfully passed our rigorous testing procedures and ready to show the same consistent performance in real trading.

Before First Time Use The Veltro Cycleripper

We aim for 100% customer satisfaction with our products. We want Veltro Cycleripper to provide maximum benefits to every user. Therefore, you can always consult us on how to correctly setup the Veltro for your broker and with your risk limits.

We also kindly note that given its unbeatable performance and reliability, we offer Veltro Cycleripper with a deep discount for an introductory price.

1. After you purchase, you can contact me for installation and/or face to face remote help. It is pre-defined for EURUSD H1 charts. No set file is required.

2. We recommend testing Veltro Cycleripper in your broker without purchase and make sure it satisfies your expectations.

3. We recommend using Veltro Cycleprippe in a demo account for at least 2-3 weeks before you put it in a real account.

4. Recommended balance is $100 for 0.01 lot.

5. Always double check the magic number, lot size and the time frame.

6. You can improve the return with portfolio diversification. Please consider using our other expert advisors.

7. 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
Bars Valid	Number of bars the limit orders will be valid. Default value is 7. After 7 bars, if not filled, order is cancelled.	Number
Turbo Mode	When it is true, Veltro continues to open positions as long as trade signal continues. On default mode the Turbo mode is off.	True/False
Exit After Bars	After entering a trade, the position is closed regardless of the profit or loss after certain bars. Default value is 6.	Number
Move SL to Breakeven	After a certain point gain, SL is moved to breakeven. The default value is 55.	Pips
Add to Move SL Coefficient	With this twist, the stop loss isn’t just moved to entry price; it’s shifted a few extra pips beyond that.	Coefficient
Add to Move SL ATR Period	ATR period of the twist above.	Number
Profit Target ATR Coefficient	Profit target ATR coefficient.	Coefficient
Profit Target ATR Period	Profit target ATR period.	Number
Stop Loss ATR Coefficient	Stop loss ATR coefficient.	Coefficient
Stop Loss ATR Period Coefficient	Stop loss ATR period.	Number
Linear Weighted MA Period	Period of Linearly Weighted Moving Average.	Number
Limit Time Range	You can limit the operations of Veltro within a certain time period. You need to match time with broker's time.	Time

Can and How Veltro Cycleripper Be Used In Prop Trading Challenges?

Veltro Cyclepripper can be used with prop trading challenges. In my this article I explain how to setup a meta trader expert advisor to be used with prop trading accounts:

https://www.mql5.com/en/blogs/post/757739

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 Veltro Cycleripper.

more...

aleksandre.dumas 2024.09.09 17:32 #

Using for a while and I am happy so far. Developer is helpful. I like how it places orders, entering the trades with limit orders is not common. Keep up the good work Evren.

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We proudly present our cutting-edge robot, the Big Forex Players EA designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the biggest Banks (positions are sent from our database t

1 999 USD

Why Secutor and If It Can Be Used With Prop Trading Challenges? One of the dirty truths of financial markets is that reliable scalping and high frequency trading algorithms depend on highly complex mathematical functions created by the hands of the brightest minds of programmers and mathematicians. In the world of institutional trading, 50-60 year old technical analysis tools are never used for the validation of any trade decision. We took the institution way in the development of Secutor EA. O

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The Chameleon: It is often not the EA brings you consistent profits, it is the way you use it! You do not need a complex trading algorithm and cost $$$ EAs to make consistent gains in financial markets. Chameleon EA is simple yet powerful EA relying on the use of Fibo levels with AI technology. Trading principle is robust and virtually could be applied to any instrument with a correct optimization. This is why we name this expert advisor as The Chameleon ! The basic trading principle of the C

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Introducing The Index Dynamo: Unleash the Power of Price Action The Index Dynamo is a cutting-edge Metatrader Expert Advisor designed to harness the dynamic movements of the index trading. Built upon the principles of price action trading, this powerful tool identifies high-probability trading opportunities with precision. Experience the automated trading with The Index Dynamo. This expertly crafted EA incorporates robust stop-loss (SL) and order management mechanisms to manage risk effective

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The Cipher Hybrid-HFT Gold Trader: The Power of Probability Theory and Price Action Principles The vast majority of technical indicators are the same age as dinosaurs. Also, many retail traders are not aware of this fact: most technical indicators are developed for the stock market - not for the forex and not for the metals market. The apparent fact that you can not achieve consistent success in the metal market with old technical indicator theories and with the tools developed for stock market

119 USD

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aleksandre.dumas 2024.09.09 17:32 #

Using for a while and I am happy so far. Developer is helpful. I like how it places orders, entering the trades with limit orders is not common. Keep up the good work Evren.

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Reply from developer Evren Caglar 2024.09.09 23:26 #

Thank you for the kind comments. We are happy to see the Veltro has been generating profits for you!

Version 1.2 2024.07.20

Performance improvements.