Master Levels mt4

Master Levels mt4 (version for MT5) analyzes the market situation over the last few days and determines the current levels. It tracks the breakouts of these levels. Trades are opened in the breakout direction.

The Expert Advisor is fully automated. Master Levels is equipped with a flexible position management system. You can set any number of take profit parts. It also features a trailing stop system, which allows to protect the obtained profit. Depending on the settings, the EA can work both as a scalper, and as an expert with medium profit targets. The EA is able to work in two modes: market orders and pending orders. Pending orders are used by default.

Master Levels allows controlling slippages and spread at the moment of entry, which is crucial for a scalper.

The EA implements algorithms for limiting its operation by time. There is a trading pause module. You can set any interval, for example, time of news release, during which new trades will not be performed. You can also choose the actions for the open positions during the specified pause interval.

Features & Benefits

• Ability to take profit in any number of parts
• Trailing stop allows reducing losses and drawdown
• Automatic calculation of lot for any currency depending on risk per trade
• Option to work with pending or market orders
• Spread control
• Advanced trading pause module.

Recommendations on Usage

• Use ECN account with minimum spread and commission
• Choose a broker with good execution of orders
• Use the maximum leverage of 1:100 or higher
• Trade volatile currency pairs with minimal spread

Default settings are intended for operation on ECN accounts with the average spread less than 1 point. Optimized for EURUSD M15.

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