Recruitment of participants Luna MT4

Luna
V1.5

Luna EA is a very effective night scalper. It was developed using years of experience in live trading with the mean-reverse strategy, and selected only the best pairs and techniques to be included in this EA.

Since the EA is build upon existing technology that was developed over the years, the EA is already very advanced and has lots of smart features.

Recommended pairs: GBPUSD;GBPCAD;GBPAUD;EURAUD;USDCAD;USDCHF;AUDCAD;EURCAD;

Secondary pairs: EURUSD;EURCHF;GBPCHF; EURGBP;AUDUSD;AUDJPY;




Key features:

• News filter -> prevent trading during high impact news events
• OneChartSetup -> run all pairs from 1 single chart
• Individual Performance Monitor: Each pair will automatically have it's risk reduced if it is not performing well, and again increased if it is again profitable.
• Automated Lotsize -> based on accountbalance or on max risk per trade
• Correlation filter -> prevent too much exposure for the same currencies
• Spread filter -> filter out trades during high spread moments
• Swap filter -> prevent trading during high swap-cost days
• Rollover filter -> filter out pairs which could have big slippage during rollover
• Automatic splitting-up of lotsize to limit slippage when trading big accounts
• Safety first -> Every trade has a stoploss and uses various technique to limit the loss.
• This EA does not use risky trading techniques like martingale, grid without stoploss, etc..

How to backtest the EA:

• It is highly recommended to use MT5 for backtesting. That way you can simulate the portfolio of all 8 pairs trading together with compounding effect. Also, MT5 uses high quality tickdata with variable spread
• On MT5 -> Run the test on EURUSD M5, enable the OneChartSetup in the parameters, set the risk as you want, and select a high quality testing (minimum 1minute OHLC)
• On MT4 -> Run the test on each individual pair on M5 timeframe. Select risk and use "every tick" for testing quality
• A full list of the parameters and their desciption can be found here.

For the AutoGMT and news filter to work: it is important to add these 2 URL's to the "allowed URL's" in the MT4/MT5 settings (Tools -> Options -> Experts):

• https: //ec.forexprostools.com/
• https: //www. worldtimeserver.com/
• (remove the spaces!)

How to set up the EA for live trading:

• Add the 2 URL's as explained above
• Open a EURUSD M5 chart (if your broker uses a suffix, run on a chart with that suffix! (for example: EURUSDm or EURUSD.ecn)
• Attach the EA to the chart and in the parameters, set OneChartSetup = true
• Set the lotsize to your desired risk (see manual for more details)
• Night scalping requires a decent ECN broker. For recommendation, contact me in PM.

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