Loki EA v2.0

Time Frame: 5 Minute Time frame

Minimum recommended amount and Leverage: Min Recommended Leverage: 1:400 or More.

Min Recommended Deposit: 1000 USD or Equivalent amount.

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is a mean-reversion strategy that uses intraday seasonal volatility patterns caused by high-impact news events. It enters the market at a certain time shortly before a high-impact news event occurs. It does not trade frequently!

Supported currency pairs: GBPUSD, EURUSD, EURGBP

Recommended timeframe: M5

MT5 version can be found here

EA is FIFO compatible

Features:

One Chart Setup: you only need one chart to trade all symbols
Multiple currency pairs support
Solid backtest and live performance
Auto GMT detection
Self Diagnostic System

How to install

The EA must be attached to ONLY one M5 chart, EURUSD is recommended
If your broker uses a suffix (e.g. EURUSD.a) you should update names in the Symbol parameter
Use recommended pairs only. You don’t need .set files, all settings are stored internally in the EA

Requirements

The EA should run on a VPS continuously
Good ECN broker is preferable

How to backtest:

It is highly recommended to run backtests on the MT4 platform. That way you can test the whole portfolio at once using real ticks with variable spreads. This will be the closest you can get to real live trade conditions.
On MT5, Run the backtest on EURUSD M15 and enable the OneChartSetup in the parameters.
Select the lot size settings (fixed lot, or LotsizeStep for automatic lot size).
Set testing quality to “1-minute OHLC” for faster, but quite reliable testing or “every tick based on real ticks” for the most reliable testing.

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