id Day Trading EA 6.0
Expert Advisor Metatrader (MT4)
-
ℹ Ikhtisar
This EA trades untested breakouts of variable periods when the market is orderly and behaving in a predictable fashion. It is oriented towards short-term trading and relies on the fact that volatility increases by orders of magnitude when the market reaches previously untested price levels, allowing for a quick profit or a small loss based on a time expiration. The EA performs well in orderly markets and suffers in very small timeframes or thinly traded instruments.
- Easy to set up and supervise
- No optimization or analysis needed
- Stop-loss and take-profit levels are automatically set
- No averaging, no grid, no hedging and no martingale
- Orders are closed on friday night
- Offers time and session filters
- NFA-FIFO compliant
Setfiles
The EA can trade the following symbols and timeframes.
- EURUSD (D1 / H4 / H1)
- GBPUSD (D1 / H4)
- USDJPY (D1 / H4)
- XAUUSD (D1 / H4)
- AUDUSD (D1)
- USDCAD (D1)
- USDCHF (D1)
- NZDUSD (D1)
Don't be afraid to experiment with different settings based on the setfiles.
Usage Tips
- Don't trade any other EA in the same symbol.
- Be patient, the EA only trades when it finds a suitable scenario.
- Try to never unload the EA to assure the atomicity of the strategy.
- There is no need to set a different Magic Number to trade different symbols.
- Trade from a VPS or leave your trading computer turned on 24/5.
Technical Information
- The EA trades using pending orders at bar closing.
- The EA will not trade if a weekly or daily gap has not been closed.
- The EA sets appropriate stop-loss and take-profit orders based on market levels.
- The EA will by default close all pending orders on friday night and end the week flat.
- The EA uses pending orders to trade, slippage should not be a problem.
- Session and time filters are not evaluated if the Ea is trading D1 or above
- High spreads will decrease the trading frequency of the EA.
- ≡
Parameter Input
Saat Loading EA ke dalam chart apa pun, Anda akan disajikan dengan satu set opsi sebagai parameter input. Jangan putus asa jika Anda berpikir mereka terlalu banyak, karena parameter dikelompokkan ke dalam blok penjelasan diri.
- Trading Direction
- Choose if you want to buy, sell or both.
- Trading Behavior:
-
- Most Breakouts: The EA will trade most breakouts it detects, even outside a predictable range.
- Detected Ranges: The EA will trade only if it detects a trading range. All trades will have a suitable take-profit.
- Confirmed Ranges: The EA will trade only after a trading range has been confirmed. Less trading frequency but more quality. - Gap Protection
- Enable to forbid the EA from trading until the weekly or daily gap is closed.
- Lookback
- Amount of past bars to iterate looking for suitable ranges. A higher value will produce more, yes less reliable trades.
- Entry Range
- Minimum range of bars to be broken to take a trade. A lower value will produce more, yet less reliable trades.
- Exit Range
- Minimum amount of consolidated bars needed to find a suitable stop-loss. A lower value will produce more trades.
- Expiration
- The expiration time for losing trades.
- Filter
- Amount of timeframes the EA looks up to confirm trading levels. A higher value will produce less, yet more reliable trades.
- Break-even
- Profit in pips at which the EA moves the stop-loss above/below the open price for the first time. Must have value.
- Break-even Behavior
- Upon breakeven, the SL can be moved to the open price, or secure part of the profits.
- Trailing Stop
- Trailing stop expressed as % of current trade profit.
- Trailing Step
- Minimum increase in pips for the trailing stop.
- Trade Asian Session
- Enable to trade during asian session.
- Trade European Session
- Enable to trade during europe session.
- Trade American Session
- Enable to trade during american session.
- Trade on Monday
- Enable to trade on mondays
- Trade on Tuesday
- Enable to trade on tuesdays.
- Trade on Wednesday
- Enable to trade on wednesdays.
- Trade on Thursday
- Enable to trade on thursdays.
- Trade on Friday
- Enable to trade on fridays.
- Trade on Sunday
- Enable to trade on sundays.
- Close orders on Friday Night
- Enable to close orders on Friday night.
- Money Management Behavior
- Choose if the EA must trade a manual lot or auto-calculate the lot-size.
- Risk Allocation
- Percent of free margin risked on each trade, if money management is automated.
- Manual Lot Size
- Size of each trade, if money management is disabled.
- NFA/FIFO Compliant
- Enable to trade with US Brokers or netting accounts.
- Magic Number
- The EA uses the magic number to identify its trades.
- Custom Comment
- Enter your custom comment for trades.
- Slippage
- Maximum slippage allowed for trades. Do not set below 10 points or it is ignored by the broker.
- Trading Direction
- ?
FAQ
- Which is the best symbol and timeframe to trade?
- The best symbols and timeframes are EURUSD and XAUUSD, from D1 to H4.
- Which are the best settings for the EA?
- Setfiles are available for major pairs in the description tab.
- Do I need to buy the Day
- Trading Indicator?
- No, you don't. The EA operates independently from the indicator.
- Does slippage affect the EA?
- The EA uses pending orders to trade, slippage should not be a problem.
- Does spread affect the EA?
- Yes. Higher spreads will decrease the trading frequency of the EA.
- Should I get the MT5 or MT4 version?
- The MT5 version is preferable because of improved execution times over MT4.
- The EA has not traded in several days, what should I do?
- Nothing. The EA will only trade when it detects a suitable trading range.
Screenshots
MyFxBook
Video
Watch it in action
