The first 30 minutes are crucial to a trading session. The initial reaction of traders and market players sets a path for the remainder of the day.
KT London Breakout EA takes advantage of this phenomenon following an analysis of the initial 30 minutes of London session, it puts two bidirectional pending orders. One of the pending orders is eventually canceled after realizing the market direction with certainty.
It has been thoroughly tested and designed to work with EUR/JPY in a 30-Min Time Frame. You can experiment with other pairs, but it is not recommended to use a different time frame.


Backtesting​

This EA has produced impressive results in a series backtests that were based on ten years of historical data, starting at 2009.03.27 until 2019.03.27. You can utilize the following set files to achieve the same backtest.
  • Download the set of files
Don't be afraid of testing with diverse input settings. Better results can be achieved by testing different input settings.

Input Parameters​

  • ----- Inputs that affects the trading strategy -----
  • GMT Offset: Insert a GMT offset that is based on the server of your broker's time.
  • Draw Price Tags: If this is true, EA will draw price tags on the chart, which will facilitate the strategy speculation.
  • Price Tag Color: Choose the color for price tags.

  • ----- Configure Trade Settings -----
  • Lot Size Method: Use a fixed lot size or an automated lot size based on the percent of risk per trade.
  • Risk Per Trade: Choose a risk percentage per trade.

  • ----- Exit Settings -----
  • Use Stop loss: true|false
  • Stop Loss Method: Based on your selection, EA will set the stop loss using pips, volatility or the high/low of last closed bar.
  • Use Take Profit: true|false
  • Take Profit Method: Based on your preference, EA will set the take profit using pips, volatility or price range of the most recent closed bar.
  • Utilize SL Trailing False
  • Trailing Method for SL: Based on your selection, EA will set the trailing sl using pips volatility, or high/low of closing bar.

  • ----- Set the Filters -----
  • Trend Filter: If true, EA will not be able to execute trades in opposition to the market trend.
  • Volatility Filter In accordance with the the coefficient of volatility, EA will not execute trades when there is extremely high or extremely low volatility.
  • Vortex Filter If true, trades will be executed only if they are in accordance with the bullish or bearish bias.
  • MMI Filter The Market Meanness Index is a measure of randomness in the market. If it is true, EA will not execute trades when the market is moving in randomly.

  • ----- Miscellaneous Settings -----
  • Max Loss Protection: If true, EA will cease trading after a drawdown that is fixed has been observed (say 30 percent).
  • Logging: If true, EA will log all its operation under the journal tab and expert tabs.
Author
Best Forex Ea
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