Cyrus EA Lite is a fully automated trading system. Cyrus EA is based on the strategy of determining a trend and opening trades following the market movement. The EA uses 4 similar algorithms to determine entry points, thus it is possible that several orders will be opened at a time. For each trade the separate Stop Loss and Take Profit are placed.

The Expert Advisor works on EURUSD and GBPUSD pairs. Timeframe is selected on the grounds of a user's preferences (author prefers M5). You can trade on any or on all timeframes (each timeframe should have its own value of the MagicNumber parameter — see Parameters).

Features

• It DOES NOT use grid strategy.
• It DOES NOT use Martingale.
• It DOES NOT use hedging and arbitrage.
• Handy risk calculation system.
• Works with 4 and 5 digits brokers.
• Automated twenty-four-hour operation (disabling on news is not required).
• Built-in system of fast capital recovery.
• Positive results of long backtesting of the strategy (from 1999 to our days) including quotes with 99% quality.

Recommendations

• 5 digit ECN and STP account with average spread on EURUSD not exceeding 20 points.
• Deposit: $200.
• Leverage from 1:50-100 (depending on expected risks).

Parameters

• Trailing — enable/disable Trailing profit (it starts when an order reaches 80 points of profit).
• Risk — calculation of a trade size (lot) which depends on a deposit size in % (maximum amount you are ready to risk in one trade, as percentage of the deposit).
• FixLot — fixed size of a trade (does not depend on the deposit size). The parameter is activated when Risk=0.
• AutoGMT — enable/disable automated determination of your broker's time offset comparing to GMT (your broker's time offset must be set manually to test it in the strategy tester!).
• Allowed orders per strategy — the maximum number of orders to be opened by each strategy.
• SummerGMT — your broker's summer time offset comparing to GMT (the parameter is activated when AutoGMT=false).
• WinterGMT — winter time offset comparing to GMT (the parameter is activated when AutoGMT=false).
• ShowIndication — show indication on the chart.
• MagicNumber — ID number of the EA's orders (each algorithm uses its own ID number as follows: MagicNumber+(algorithm number). For instance, if MagicNumber = 1000, ID number of the first algorithm will be 1000+1=1001, for the second - 1000+2=1002 and all the way to 4)
• EAComment — comment for the EA's orders.
• RecoveryMode — fast capital recovery mode. ATTENTION! Test this function in the strategy tester before using it!
• MaxSpread — maximum allowed spread for opening orders.

Live trading results

• EURUSD only - https://www.mql5.com/en/signals/168186
• GBPUSD only - https://www.mql5.com/en/signals/144435
• EURUSD and GBPUSD - https://www.mql5.com/en/signals/168214