Time Bomb

by
fxforest
Time bomb_EURGBP_logo

SUMMARY

This is an EA that executes recovery trades with multiple entry logic. Entry logic changes depending on the number of positions. The entry point focuses not only on price movements but also on the passage of time.

PERFORMANCE (LIVE FORWARD TEST)

time-bomb profit and loss graph
TOTAL GAIN140.8%
MONTHLY9.4%
DRAWDOWN51.6%
START2024-02-24
OPERATING MONTH6
ACCOUNTdemo

KEY FEATURES

Currency Pair EURGBP
Time frame M5
Terminal MT5
Trading Syle

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Description

This EA works on the 5-minute chart of MetaTrader 5 (MT5) and targets the EURGBP currency pair. EURGBP is one of the currency pairs that is said to be suitable for grid trading, and we take advantage of its characteristics for effective trading.

This EA uses multiple entry logics to flexibly respond to various market conditions.
The first entry uses an envelope indicator, which recognizes when the market is overbought or oversold and enters in hopes of a market reversal.

Additionally, our EA executes recovery trades to quickly accumulate profits.
The recovery trade logic of this EA focuses on “”the passage of time”” rather than “”how much the price moved””. This allows you to avoid large losses due to rapid price fluctuations in a short period of time and accumulate profits more stably.
Taking into account not only price movements but also the passage of time improves the stability of trades and is an effective method for managing risk.

Attach an EA to the M5 chart of EURGBP on MT5.

parameter settings

・Lot_Size: Minimum 0.01 lot ~ Please set according to your account balance.

・Magic number: Normally, there is no problem with the default setting. This is the number that identifies this EA order within the account. If you use multiple EAs in one account, please set the magic number so that it is not the same as another EA’s magic number.

Since this EA holds multiple positions, it cannot tolerate drawdowns if the account balance is too small or the lot size is too large.

The recommendation is to start with 1000 USD and 0.01 lot. Be cautious about increasing lot size. Foreign exchange markets change rapidly and involve risks.

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