forex ea breakfast in canada forex robot
forex ea breakfast in canada forex robot, Consider the Breakfast in Canada Forex Expert Advisor. The Forex robot works at certain time intervals at the beginning of the American session. Forex advisor trades GBPCAD, EURCAD, USDCAD.
Breakfast in Canada EA works at certain time intervals at the beginning of the American session. The Expert Advisor opens pending orders every hour in both directions: Buy Limit and Sell Limit, at a distance of 10 points from the current price. Forex advisor trades GBPCAD, EURCAD, USDCAD or other pairs where CAD is the second currency. Recommended timeframe H1. The minimum deposit for dollar accounts is from $ 1000, and for cents – from $ 100. Leverage from 1: 500. For a more detailed review of a trading robot, read this article below.
TRADING TERMINAL
MetaTrader4
TRADED PAIRS
GBPCAD, EURCAD, USDCAD
TIME-FRAME
H1
LEVERAGE
from 1: 500
RECOMMENDED DEPOSIT
from 100 USD (on a cent account)
RECOMMENDED VPS
TRADING STRATEGY:
Breakfast in Canada EA works at certain time intervals at the beginning of the American session, when it is early morning or early lunchtime in Canada. During these intervals, the Forex trading robot opens every hour pending orders in both directions: Buy Limit and Sell Limit, at a distance of 10 points from the current price (for 4-digit quotes) or 100 points from the current price (for 5-digit quotes).
If one of the orders triggered, in one direction or the other, then the opposite pending order is deleted, and then the forex advisor will open pending orders only in the direction in which the order was triggered. For example, if a Buy Limit order is triggered, then the opposite Sell Limit is removed, and on the next candle, the trading robot will open only one pending Buy Limit order.
If the number of open market orders has reached the number specified in the parameter “Increased lot after order # (0-disabled)”, then the forex advisor will start opening pending orders of increased volume, which is calculated by the formula: “Next lot” = “Amount of open market orders “. Example: the size of the initial lot is set at 0.01, 3 orders have been opened for the market (the default value of the parameter), which means that the next order will be placed with a volume of 0.03, i.e. 0.01 + 0.01 + 0.01 = 0.03, etc., until all orders are closed with profit.
The Breakfast in Canada Forex trading robot will then begin a new cycle.
The lifespan of pending orders is specified in the parameter “Pending orders lifespan, min.”, The time should be specified in minutes.
The Expert Advisor can pick up your orders, which you open manually, if you think it is necessary, for example, to get out of a drawdown as soon as possible. However, one should take into account the fact that orders should be opened in the same direction as market orders have already been opened, otherwise the forex advisor will close all open orders, and it does not matter if they are in profit or loss. We advise only experienced traders to open orders manually when you are completely sure of what you are doing.
The trading robot has the ability to disable trading during the day (when lunch is in Canada), which is also recommended only for experienced traders.
In a forex advisor, you can use the “Micro lot (InstaForex, XM Global, etc.)” parameter regardless of the broker, but at the same time make 10 times less profit, which accordingly reduces the risk of drawdowns, for example, with a small initial deposit. However, this parameter should be enabled for such brokers as InstaForex, XM Global, etc., whose lot value is 10 times less than usual.
Also on the chart there is a Stop / Start button, when pressed, the Forex trading robot stops its work until it is pressed again.
Breakfast in Canada EA uses virtual StopLoss and TakeProfit in its work, i.e. hidden from the broker.
Breakfast in Canada EA has the ability to enable or disable the calculation of the size of the swap and commissions when calculating the profit for closing positions. This parameter can be enabled for a deposit of more than 10,000 units and an autolot of 0.5%, if your broker has low or no commissions, as well as small swaps. For small deposits, it is better to disable this parameter, which will significantly reduce the drawdown and slightly reduce the profit. If your broker does not take commissions and you have a Swap-Free account, then this parameter can be left off.
MAIN SETTINGS:
BASIC SETTINGS
Time offset from GMT, hours – Your terminal’s time offset from GMT, indicated in hours.
Trading start at GMT 18 – Trading start time in the American session, indicated in hours by GMT.
End of trading according to GMT 1 – Time of the end of trading in the American session, indicated in hours according to GMT.
Trade at lunch or not (FOR EXPERIENCED TRADERS) – Trade during lunch in Canada or not, TRUE – ALLOWED, FALSE – FORBIDDEN.
Trading starts at lunchtime GMT 11 – Trading starts at lunchtime, indicated in hours by GMT.
End of trading at lunchtime at GMT 15 – End of trading at lunchtime, indicated in hours by GMT.
Maximum slippage, points – The maximum allowable slippage for opening or closing orders, specified in points.
Maximum spread – The maximum spread at which it is allowed to place pending orders. Fractional values ??are supported on 5-decimal places, on 4-decimal places it will be rounded if you set a fractional value.
MANI MANAGEMENT
Means used – What means to use for trading and for calculating the autolot. The defaultis Balance.
Lot Size – Initial fixed lot size. For InstaForex or XM Global, multiply the value by 10.
Use autolot – Whether to use autolot or not. TRUE – ALLOW, FALSE – DISABLE.
% of funds for an autolot – The percentage of funds for calculating an autolot. For InstaForex or XM Global, multiplythevalueby 10.
Lifetime of pending orders, min. – How long will it take to delete unworked pending orders. The time isindicated in minutes.
Increased lot after order no. (0 – disabled) – After which order in the market to open orders of increased volume.
Maximum Lot Size – The allowed maximum order volume.
Virtual stop loss, points – The size of the virtual stop loss. Indicated in points.
Micro lot (InstaForex, XM Global, etc.) – Enable or support micro lots, such as those of InstaForex or XM Global, etc. FALSE – DISABLE, TRUE – ENABLE.
Consider swap and commissions – Whether or not swap and commissions are taken into account when calculating profit for closing positions. FALSE – DISABLE, TRUE – INCLUDE.
INFORMATION BLOCK SETTINGS
Show statistics table – Whether or not to show the statistics table on the balance, open positions and earnings on the chart. TRUE – ALLOW, FALSE – DISABLE.
Information block font size – What font size to use for displaying the information block on the chart.
Information block font size – What font size to use for displaying the information block on the chart.
Magic number – Magic number to distinguish your orders from others. For orders in the Sell direction, the EA uses this number + 1.
