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Ignition

195 USD

Demo downloaded: 47

Published: 24 May 2021

Current version: 1.0

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Overview
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Ignition

Experts
Dansie Software Limited
Version: 1.0
Activations: 5

Strategy Overview

The Ignition EA tries to take advantage of sudden momentum when the Ignition pattern is detected. The final bar in the ignition pattern has a small opening wick, a very little or no closing wick, is large in comparison to recent bars and must start from the lower end of the current range (for a bullish ignition)

Quick Testing

Use Symbol EURUSD, Timeframe M2, and remove the GBPUSD symbol from the "Symbols" input (stratergy 1 and stratergy 2)

Settings

The below settings appear twice, under "stratergy 1" and "stratergy 2"

Symbols: Stratergy symbols
Magic Number: EA unique ID
Timeframe: Stratergy timeframe
Max Spread: Max spread for new positions
Max Slippage: Max Slippage for new positions
Risk Percentage for Auto Lot: Percentage of account balance to risk when calculating lot size. Set to 0 for fixed lot size
Fixed Lot Size: Fixed lot size if not using auto lot

Ignition Bar Min Size Multiple: Min size of the ignition candle, as a proportion of the biggest recent bar
Max Wick Opening Size: Max size of the opening wick, as a proportion of total candle size
Max Wick Closing Size: As above, for the closing wick
Max Distance From Bottom: Max distance from recent lows (if bullish) to the start of the ignition candle, as a proportion of average recent candle size
Number of Bars in Pattern: The number of recent bars to consider in the ignition pattern

Bollinger Touch Required: If true then the ignition candle must touch the bollinger on two higher timeframes
Bollinger Timeframe 1: Timeframe for the first bollinger touch
Bollinger Timeframe 2: Timeframe for the second bollinger touch
Bollinger Period: The bollinger period to use

TP as a proportion of SL: SL is automatically set based on the lowest point in the pattern (if bullish). This setting controls the TP as a proportion of the SL
Stop Loss Multiplier: Allows the default stop loss set by the pattern to be adjusted (without affecting TP)

Enable Trailing Stop: If true the SL will follow positive price movements
Trailing Stop ATR Multiplier: SL distance when trailing
Only Trail In profit: If true then don't start trailing until SL is profitable
Reduce Trail Closer to TP: If true then reduce SL distance when getting closer to TP
Reducing Trail Final ATR Multiplier: The final SL distance if using reducing trailing stop

Expected Performance

Back testing shows a positive expectancy over the test period with a decent profit factor, sharpe ratio and drawdown, however the entry is rare, and not all symbols produce the same performance.

The EA was created and optimised in October 2020, so any back testing performance after that is not as a result of optimisation, except for choice of symbols in the default settings. The performance before and after optimisation indicates a possible absence of curve fitting, however future results are always unpredictable and a longer evaluation period is always preferable, especially for an entry which occurs infrequently.

Please note the symbol GBPUSD was not included in the test results shown and should be removed if you want to run the EA with the same settings.

Support

If a bug is found please send a private message. Support is only available in English.

Important Information

This EA is offered based on the following points. If you do not agree with any of these then please do not buy the EA.

You have fully read the EA description
You understand the strategy as described and have had the chance to ask questions & evaluate the EA using the MT5 strategy tester
It is your responsibility to decide what strategies to use when putting your own money at risk, and the EA is a tool to help run your chosen strategy
Trading is a high risk activity and many people make a loss while trading
The default settings are not trading recommendations, you will take the time to understand the settings and change them if you see fit
Past performance is not a guarantee of future performance and future results are unpredictable
Performance can vary between users for many reasons, such as broker differences. Traders should do their own due diligence before putting money at risk
EA trading is not an easy way to get rich while you sleep. It takes effort and an understanding of trading strategies to be successful

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Welcome to GoldEnergy EA , a highly effective intraday trader for the XAUUSD pair (GOLD). Developed by our team to work in normal accounts, funded prop accounts and prop challenges! See all Products here: https://www.mql5.com/en/users/fxmanagedforexltd/seller Over >1 Year LIVE Trading BLITZING PERFORMANCE GOLD ENERGY SIGNAL: https://www.mql5.com/en/signals/2247660 GOLD ENERGY - From €1k to €20k+ in 2024!! Contact me for special offers, deals on my Experts. What other EA's can demonst

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Strategy Overview The Previous Day Breakout EA attempts to take advantage of price movements when the price exceeds the high or low price from the previous trading day. The EA opens a position in the direction of the breakout with the hope that the price will keep moving in the same direction, and that this will occur often enough to be profitable over the long term. Quick Testing: Use Symbol US500, Timeframe: Daily, and adjust set the start time and end time according to broker timezone (def

95 USD

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