Login / Register
Add a review
Log in
Sign UP
[bws_google_captcha]
Master Levels mt4

0.00

Master Levels MT4 (version for MT5) analyzes the market situation over the past few days and determines the current levels. The breakdown (or rebound) of these levels is tracked. Trades are opened in the direction of a breakout (rebound).

The Expert Advisor is fully automated. Master Levels is equipped with a flexible position management system. It is possible to close the position in two parts. There is also a trailing stop system that allows you to protect your profits. Depending on the settings, the Expert Advisor can work as a scalper and as an adviser with average profit goals. 

The Expert Advisor works on pending orders, as this guarantees better execution of trades on the server side.

The Expert Advisor works on pending orders, as this guarantees better execution of trades on the server side.

  • The ability to work on the breakdown or on the rebound from the levels
  • The ability to fix the profit in parts
  • Trailing stop reduces losses and drawdowns
  • Auto-calculation of the lot depending on the risk per transaction for any currency
  • Use an ECN account with minimal spreads and commission
  • Choose a broker with good order execution
  • Use the maximum leverage from 1: 100 and above
  • Trade on liquid currency pairs with a minimum spread

[spoiler title=”Read More…”]

Default settings are optimized for EURUSD

Default settings are optimized for EURUSD

The Expert Advisor always uses the M5 timeframe to find the levels! The choice of the timeframe for the Expert Advisor is not important!

The Expert Advisor always uses the M5 timeframe to find the levels! The choice of the timeframe for the Expert Advisor is not important!

The lot value is either fixed (Fixed volume), or is calculated based on the risk per trade (Risk per trade). The fixed lot is used when Risk per trade = 0.

A partial close closes only one part of the position! Sets the percentage of the volume for partial closing. The goal in partial close points is set as a percentage of the total Take Profit goal, where 100% is the equivalent of the Take Profit position. For example, Take Profit = 500 points (5 characters). If you set the Percentage of TP points to close = 60%, the first part of the position will close at 500*0.6=300 points.

The distance of the trailing stop activation is the distance of the movement from the opening price to the profit. The stop never moves in a big way.

Trading Logic

  • Days analyze – The number of days to analyze levels in addition to the current one
  • Level amplitude – The required minimum amplitude to determine the levels. The price must pass the specified distance in both directions from the level (5 characters, points)
  • Entry shift – Entry distance. The indent in points from the level where the entry is made. Negative values – input until the level is reached. Positive – after crossing the level
  • Trade mode – The mode of operation of the EA for breakout (BREAKOUT) or rebound (REBOUND)

Risk parameters

  • Fixed volume – Fixed volume. Used only when Risk per trade = 0
  • Risk per trade – The percentage of the deposit per trade. If 0, Fixed volume is used
  • Stop Loss – Stop value in points (5 digits, points)
  • Take Profit – The value of the profit (5 characters, points)

Position Management

  • Enable partial close – Enable / disable partial close
  • Enable breakeven after partial close-Enable / disable setting the stop to breakeven after closing a part of the position
  • Percentage of TP points to close – Percentage of the Take Profit position for partial closing (for more information, see the Partial Closing section)
  • Percentage of volume to close – Percentage of the volume of the open position for partial closing
  • Enable trailing stop-Enable / disable the trailing stop
  • Activation distance – The distance in profit to start the trailing stop (5 characters, points)
  • Trailing distance – The distance of the foot pull-up. The stop size will be adjusted to this distance (5 characters, points)

Other settings

  • Working hours string – A string for setting the working hours of the Expert Advisor. Format (0,1,2,10,23).The time is set in the format UTC-0 (GMT-0)If the string is empty, there is no time limit.
  • Levels color
  • Levels line style
  • Magic
  • Comment

[/spoiler]

Add review
Reviews ( 0 ):