Last Call
Last Call Expert is designed for scalping short-term trends in the second half of the US trading session, when a clear direction of trade changes after the news release.
Expert looks for reversals trend for supplying primary trading signal and may open up 2 Up-positions. The lot size is calculated based on a percentage of risk-free assets.
Each position has a stop-loss. All open positions will be closed after the goal.
Settings optimized for the EURUSD, but an expert working on the GBPUSD and EURJPY.
The lower the spread brings the best results, it is recommended to trade with ECN-account. Do not forget to install a filter maximum spread Max_Spread.
Trading signals appear infrequently: approximately 11 transactions a month for 15.5 years of backtesting.
Backtesting and optimization
Testing was carried out in the history of the most close to the conditions of reality, and, in my opinion, the results show the reliability of the expert.
For testing we used multiple sources of data from 2000 to June 2015 (15.5 years).
settings have been optimized for the EURUSD M30, and then they were tested for GBPUSD and EURJPY to verify the reliability of the strategy.
Additional reliability testing involves testing on M15 with a higher spread.
doing business plan
The risk of 5-10% is ideal for me. Money management also plays a role in the subsequent risk reduction.
It may require a deposit after subsidence and leveling accounts after a certain growth.
I place 20-30% of the total funds for the initial deposit and concentrate on long-term outcome.
Input parameters
- MagicNumber_1 – the magic number of the initial transaction.
- MagicNumber_2 – the magic number of the first transaction.
- MagicNumber_3 – magic number of the second transaction.
- HoursFrom – hour pre-trade (server time). Default – 19.00.
- TradingHours – Trade duration in hours. Default – 5 hours.
- Use_MM – if true lot size is calculated based on RiskPercent. When false is used fixed size lots.
- Max_Spread – Spread filter.
- LotSize – determining the size of the lot, if the parameter indicated Use_MM false.
- RiskPercent – risk as a percentage of available funds account for the calculation of each lot. The greater the leverage, the greater the size of the lot.
- SL_Ratio – stop-loss ratio and the parameter PipsTarget. Default – 5 (SL = PipsTarget * SL_Ratio).
- PipsTarget – target profit in pips initial transaction.
- ADD_After1 – distance in pips from the initial to the first transaction.
- ADD_After2 – distance in pips from the first to the second transaction.
- ADDSL1 – stop loss of the first transaction (MagicNumber_2).
- ADDSL2 – stop-loss second transaction (MagicNumber_3).
- ADDScalp_TP1 – the target profit of the first transaction in pips (above which all orders are closed).
- ADDScalp_TP2 – the target profit of the second transaction in pips (above which all orders are closed).
Monitoring the risk of account 5% – https://www.mql5.com/ru/signals/120737
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