is a mean-reversion strategy that uses intraday seasonal volatility patterns caused by high-impact news events. It enters the market at aĀ certain timeĀ shortly before a high-impact news eventĀ occurs.Ā It does not trade frequently!
Supported currency pairs:Ā GBPUSD, EURUSD, EURGBP
Recommended timeframe:Ā M5
MT5 versionĀ can be found here
EA isĀ FIFO compatible
Features:
- One Chart Setup:Ā you only needĀ one chart to trade all symbols
- MultipleĀ currency pairs support
- Solid backtestĀ and live performance
- Auto GMTĀ detection
- Self DiagnosticĀ System
How to install
- The EA must be attached toĀ ONLYĀ oneĀ M5Ā chart,Ā EURUSD is recommended
- If your broker uses a suffix (e.g. EURUSD.a) you should update names in theĀ SymbolĀ 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.Ā That way you can test the whole portfolio at once using real ticks with variable spreads.Ā 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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