Project Volas

Project Volas is a fully automated EA that algorithmically combines two distinctive trading techniques - Sniping and Machine Gunning.

It patiently snipes for trading opportunities by detecting fast price movement and when opportunity is detected, it transforms into a machine gunner in executing trades and scalping as much as possible within the opportunity trading window.

Check out my back test video to see what I mean.

This EA is recommended for EURUSD pair on M5 time frame.

Strengths

• Built-in with an intelligent algorithm that combines Sniping and Machine Gunning trading techniques
• Detects trading opportunity using latest price movement and doesn't look back to outdated candles or lagging indicators
• The EA automatically avoids consolidation period when market is indecisive
• Protected with Stop Loss and Trailing Stop
• Suitable for small account size or deposit
• Just drag and drop onto chart
• Set files not required
• No martingale, no grid and no hedging
• Compatible with other EAs

Back Tested on 99.00% Modelling Quality - Check Out My Back Test Video

• Back tested with latest released version of Birt's Tick Data Suit (version 2)
• Back tested with simulated variable spread range of 1 to 3 pips (10 to 30 points)
• Back tested with simulated slippage of 1 pip (10 points)
• Back test modeling quality of 99.00% which is the highest degree of back test accuracy

Robustness Tested: "In Sample" VS "Out of Sample" Testing

• EA was developed, back tested and optimized using "In Sample" historical data from Jan 2004 to Dec 2014
• Historical data from Jan 2015 to Sep 2016 was intentionally left out of scope from the development phase to be used for "Out of Sample" testing
• Both "In Sample" testing (2004-2014) and "Out of Sample" testing (2015-2016) have shown good stability and robustness in the EA from the test results
• See test results for "In Sample" and "Out of Sample" periods in the attached screenshots below

Recommendations

• Recommended Pair: EURUSD
• Time frame: M5
• Trading Days & Time: No restriction on days or time, and suitable for news trading
• Brokers: ECN brokers recommended or brokers with low spread, low commission and fast execution
• FIFO Regulation: Do not use Brokers with FIFO regulation as this EA does not comply with FIFO regulation
• Spread: Must not exceed 1.2 pips (12 points)
• Minimum Deposit: 100 USD
• Minimum Leverage: 1:400

Parameters

• Lot Size: Set lot size. This will become a fixed lot size value if auto lot sizing is disabled
• Enable Auto Lot Sizing: Auto lot sizing is disabled by default. Risk will be higher when using auto lot sizing
• Enable Always Up Lot Sizing: only applicable if auto lot sizing is enabled. If enabled, lot size will always increase
  
• Balance Amount Per Lot Size Step (in $): only applicable if auto lot sizing is enabled. Set balance amount for each lot size step. The lesser the amount, the higher the risk
• Balance Amount To Start Auto Lot Sizing (in $): only applicable if auto lot sizing is enabled. Set balance amount to trigger auto lot sizing
• Max Lot Size: only applicable if auto lot sizing is enabled. Set maximum lot size for auto lot sizing
• Enable Spread Filter: Enable spread filter feature
• Max Spread (in points): only applicable if spread filter is enabled. Set maximum spread in points (not pips) for spread filter
• Max Slippage (in points): Set maximum slippage in points (not pips)
• Enable Balance Protection: Enable balance protection feature
• Balance To Protect (in $): only applicable if balance protection is enabled. Set balance amount to protect. When this amount is reached, trading will stop and all trades will be closed
• Enable Delayed Monday Start: Enable delayed Monday start feature
• Monday Start Time (Your Broker's Server Time): only applicable if delayed Monday start is enabled. Set Monday start time to start trading. This time value follows your broker's time
• Enable Early Friday Close: Enable early Friday close feature
• Close Trades On Friday End Time: only applicable if early Friday close is enabled. Set to true to automatically close trades upon Friday end time
• Friday End Time (Your Broker's Server Time): only applicable if early Friday close is enabled. Set Friday end time to end trading prior to Friday close. This time value follows your broker's time
• Trade On Sunday~Saturday: Enable trading on individual day of week
  
• Trade Comment: Set comment for every trade order