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Ignition

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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Eternal Engine EA é um Expert Advisor avançado que utiliza vários indicadores e estratégias, fornecendo aos comerciantes uma ferramenta de negociação automatizada abrangente. Ele oferece inúmeras oportunidades de negociação, não é sensível a spreads e emprega pontos de entrada rigorosos para iniciar com precisão cada negociação. A estratégia provou-se no mercado real, com um sinal em tempo real de um ano de DD baixo.Se você é um iniciante ou um comerciante experiente, o Eternal Engine EA oferec
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5 (11)
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Marek Stanislaw Zygala
5 (4)
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Golden Taipan FX
Michael Prescott Burney
2.88 (8)
Golden Taipan FX for XAUUSD H1 - Professional Overview Introduction Golden Taipan FX has been updated to deliver transparent and easily analyzable trades, featuring improved backtest accuracy. The system now automatically updates the timezone offset during initialization, ensuring precise entries and exits. Risk Management and Trade Settings Risk-Reward Ratio : 1:2 Stop Loss (SL) : 500 points Take Profit (TP) : 1000 points These settings offer substantial reward potential while keeping losses m
This expert advisors search for short trend continuation movements, I recomend use it with BTC and ETH 5 Units left at 900 USD. Next price 1200 USD The approach is use a very few but high effectives rules / filters and an effective management of the opened position. Signal https://www.mql5.com/en/signals/2246489 Backtest The EA must be backtest in any timeframe, but for use in live, must be attached to a M5 chart. Live setup The EA is very easy to configure, and can be used
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4.38 (37)
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Olá a todos, deixem-me apresentar-me: Eu sou   Quantum StarMan,   o eletrizante e mais novo membro da família   Quantum EAs   . Sou um EA totalmente automatizado e multimoedas com capacidade para lidar com até 6 pares dinâmicos:   AUDUSD, EURAUD, EURGBP, EURUSD, GBPUSD e USDCAD   . Com a máxima precisão e responsabilidade inabalável, levarei o seu jogo de negociação para o próximo nível. Aqui está o chute: não confio nas estratégias de Martingale. Em vez disso, utilizo um sofisticado sist
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Marzena Maria Szmit
4.47 (59)
Introducing the FT Gold Robot MT5, your ultimate companion in navigating the intricate world of XAUUSD trading. Developed with precision and powered by cutting-edge algorithms, FT Gold is a forex robot meticulously crafted to optimize your trading performance with XAUUSD pairs . With its advanced analytical capabilities, FT Gold Robot constantly monitors the gold market, identifying key trends, patterns, and price movements with lightning speed. The FT Gold Robot opens 5 positions every day (you
BitBull EA
Arseny Potyekhin
5 (1)
Dear Traders, I am very pleased to introduce our latest project to you. EA BitBull . Real cryptocurrency trading has now become a reality! Signals: Live Signal 1 Live Signal 2   Because this strategy is so unique, I only want to sell a limited number of licenses. Therefore, the price will steadily increase to limit sales. Next price is 690 USD . With the help of our esteemed partners from all over the world, we have succeeded in developing an innovative crypto strategy. This strategy seam
Big Forex Players MT5
Marzena Maria Szmit
4.83 (47)
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
Muitas pessoas gostam de negociar XAUUSD, e eu não sou exceção. Depois de acumular alguma experiência de negociação e trabalho duro, criei este Apocalypse XAU EA especificamente para negociar todas as variedades relacionadas a XAU, como XAUUSD/XAUEUR/XAUGBP/XAUCHF /XAUJPY/XAUAUD. No entanto, considerando que muitas pessoas podem não precisar negociar todos os pares de moedas XAU, mas apenas negociar XAUUSD, um EA de nível básico torna-se muito significativo. Então decidi criar o Apocalypse Gold,
Aura White Edition MT5
Stanislav Tomilov
4.66 (35)
Aura White Edition is unique Expert Advisor that continues the Aura series of advisors. The Expert Advisor is based on the engine of Aura Black Expert Advisor , but with a number of changes and author's settings for currency pairs. Innovative methods of the programme's approach to trading, and promising performance results are possible thanks to the use of modern technologies and methods. Aura White Edition is a fully automated EA designed to trade currencies only. Working pairs EURUSD, GBPUSD,
Dark Algo MT5
Marco Solito
5 (59)
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for   Scalping   Trading on   Eurusd . This Expert Advisor is based on the latest generation of   algorithm  and is highly customizable to suit your trading needs. If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated   algorithm  that allows it to   identify   and   follow m
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