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MT4 Expert Blazar

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The MQL5 Metatrader Market product is available upon purchase of the VPS server: Package #3, Package #6

Blazar
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Blazar is a fully automated trading system on the most popular major currency pairs: EURUSD, GBPUSD, USDJPY M5. It's pure Price Action mean reversal system that exploits peakedness of market distribution to safely identify trend reversals

Every trade is protected by Stop-Loss

The EA can work in 2 modes:
Normal Mode - trading classics: 1 signal = 1 trade. No martingale, grid or hedging is used
Recovery Mode - the EA will recover faster during drawdowns using several averaging trades, which gives more comfortable growth curve

Both modes are FIFO compliant

Features

Stable growth curve as a result of a high percentage of winning trades
Stress-tested on all available history, six-month live signal
Automatic GMT adjustment
The minimum deposit: $50 for Normal Mode and $300 for Recovery Mode
Easy setup and use

Timeframe: M5
Currency pairs: EURUSD (default settings), GBPUSD, USDJPY

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Input Parameters
StartLotSize - proportional lot size if EnableAutoLot is set to true and fixed lot size in case EnableAutoLot is set to false
EnableAutoLot - trading lot will increase with an increase in your account's balance
FundsForAutoLot - here you can set the amount of balance to be used for every StartLotSize if EnableAutoLot is set to true. E.g. FundsForAutoLot=1000 and StartLotSize=0.05 means that for every $1000 there will be 0.05 lots opened (0.5 for $10000 and so on)
MaxLotSize - set the max. allowed lot size if you don't want the lot size ever to exceed this value
SpreadFilterPips - if the spread is bigger than the value specified here, the trade won't be opened
MaxSlippagePips - works only for Instant live accounts (not ECN). Set here what maximum slippage you can take on your Instant account
GMT/DST_Offset_Auto - if true, the EA will try to find the correct GMT offset of your broker automatically. You must allow requests to (Tools -> Options -> Expert Advisors -> Allow WebRequests for listed URL).
GMT_Offset(winter)_Manual - set your broker's time zone (in winter)
DaylightSavingTime_Manual - if your broker uses daylight saving time, set this to Europe or US and EA will automatically adjust itself
HourToStart - hour of the day at which Blazar will start to look for trading opportunities
HourToStop - hour at which Blazar will stop to look for trading opportunities
DaysOfWeek - day of the week at which Blazar will be allowed to trade. E.g. 234 means 2nd, 3rd and 4th days of the week
DisableHolidays - not to trade during New Year holidays
PriceChannelPeriod - period of the price channel
EnableTrendFilter - set to true if you want to avoid risky trades during periods of trending markets
TrendFilterPeriod - period of the trend filter used by Blazar
EnableVolatilityFilter - set to true if you want to avoid risky trades during periods of high volatility
OrderTakeProfitPips - the size of Take Profit in pips (1 pip = 10 points)
OrderStopLossPips - the size of Stop Loss in pips (1 pip = 10 points)
EnableTradeDuration - set to true if you want to limit position holding time
TradeDuration - set the maximum position holding time, in bars
AvgMaxTrades - maximum number of averaging trades
AvgMultiplier - averaging coefficient
AvgStepPips - step in pips between averaging trades
AvgCustomSettings - custom averaging coefficients, separated by commas
BasicMagicNumber - add Magic number to trace trades you made with this EA. It must be less than 99999
TradeComment - add any comments to your trades

Recommendations
It is recommended to use default values for all parameters (except GMT offset if your broker uses different time zone).
 
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