Gecko employs a straightforward yet highly effective and proven trading strategy, seeking out recent market highs and lows to capitalize on breakout opportunities. What sets this Expert Advisor (EA) apart is the exceptional execution of its strategy. The entry calculations and exit algorithms are not only distinctive but also remarkably advanced.

• The EA incorporates a variety of trade management techniques, including, but not limited to:
• Trailing Stop Loss (SL) with multiple parameters controlling its function
• “Move to Break-even” at a specific point, allowing the addition of extra pips to the breakeven point
• Trailing SL based on recent highs/lows, with an option to run it only until the breakeven level (providing more room for reaching full Take Profit)
• Trailing SL based on trade duration to limit exposure after the move loses momentum

This EA is not a scalper and avoids risky techniques such as grid/martingale. It employs a strict Stop Loss at a safe distance. Numerous risk management options are available, including setting a specific risk per trade.

Primarily developed for EURUSD, the most successful pair for breakout strategies, the EA shows promising results in backtests on multiple pairs without optimization.

Recommended Broker: ICMarkets.com

Recommended VPS: 4xhosting.com

Recommended Timeframe: H1

Minimum Account Balance: $100

Default parameters are configured for EURUSD H1, with additional sets available for GBPUSD, USDJPY, and AUDUSD in the product file.

Key Features:

• Safe trading with every trade protected by a Stop Loss
• Insensitivity to spread or slippage
• No risk of over-optimization due to the absence of an optimization process
• Avoidance of dangerous money management techniques like grid or martingale
• High correlation between live trades and backtest results
• Very high hit rate (>80% of trades profitable)
• Stress-tested with 99.90% tick data using variable spread and slippage simulation

Parameters:

• EA’s individual settings, including Magic Number, Trade Comment, and Info Panel activation
• Lot size settings based on balance (Lots Per Balance) or risk per trade
• For LOW RISK, use Lots Per Balance=200 or higher
• For MEDIUM RISK, use Lots Per Balance=100
• For AGGRESSIVE RISK, use Lots Per Balance=50
• Maximum allowed spread configuration
• Virtual Stop Loss option for those preferring to conceal SL location
• Entry parameters with three entry models, entry timing, and various parameters determining entry strictness
• Configurable Stop Loss and Take Profit
• Adjustable Trailing Stop Loss with start, stop, size, and modification parameters
• Breakeven settings, including start parameter and additional pips parameter
• High/Low Trailing Stop Loss activation with an option to stop at breakeven
• Time-based Trailing Stop Loss activated after X minutes

Reminder: Forex trading involves risk, and it’s crucial not to trade with money you cannot afford to lose. Test EAs first on demo accounts or live accounts with low lot sizes before considering risk increases.