EA Pivot SR is a free version of a fully automatic Expert Advisor for MT5. There are no sewn-in deals, as is the case with most fraudulent advisors. Transactions in the tester and in real trading will correspond exactly to 99.99%.
The strategy of the Expert Advisor is based on trading from levels, which is the most acceptable solution than focusing on indicators that are usually late and give signals several bars late.
Support and resistance levels are calculated using the Pivot Point system used by analyst Rudolf Axel, who is a recognized leader in the use of the Pivot-levels method - hence the name EA Pivot SR (EA Pivot Support & Resistance).
The EA trades intraday with pending orders that are set at calculated levels and has several independent strategies (
only in the full version) for setting pending orders. Orders are opened once a day (the time is set in the input parameters) and are deleted, if not activated, at the end of the trading day.
In the Expert Advisor settings, you can enable/disable the trailing system.
Account Type: Hedge only
Broker: any, preferably ECN with zero hedging margin (see the screenshot of the specification)
Currency pair: any, default settings are set for GBPUSD
Timeframe: any, default settings for H1
It is not sensitive to spread, but it is better to give preference to ECN type accounts with minimal spreads.
To exit the market, the Expert Advisor uses Stop Loss, Take Profit levels or builds a small, averaging grid if the price went against an open position. It is also possible to hedge the grid.
If your broker uses hedged margin, then select the initial deposit and trading volumes in the strategy tester.
For the convenience of money management, the Expert Advisor implements various functions for automatically calculating the volume of positions based on the account balance or free margin.
It is possible to close all positions by the percentage of profit or loss from the account balance (
only in the full version).
But in any case, the results of testing on history cannot guarantee the same results in the future.
Limitations of the free version:
1. Only one strategy
2. Fixed lot only
3. It is not possible to close by a percentage of profit or loss
4. It is not possible to send Push notifications about trading to a smartphone
I cannot give it less than 5 stars. It´s an awesome product, developed by a great professional. Thanks for sharing!!!