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Veltro Cycleripper MT5

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.
































































































































Comentários 1
aleksandre.dumas
49
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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aleksandre.dumas
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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.

Evren Caglar
4773
Resposta do desenvolvedor 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!
Responder ao comentário
Versão 1.2 2024.07.20
Performance improvements.