Blaq Slug

Blaq Slug

BLAQ SLUG EXPERT ADVISOR

Blaq Slug Scalper is built to trade breakout movements based on a predefined daily price range and is optimized for GBPUSD on the H1 timeframe with configurable support for other pairs.

The system identifies a morning range and creates a dynamic “box”. Once the range formation period ends, the EA places pending orders above and below the range to capture potential breakout movements.

The EA also includes smart trade management features such as configurable risk profiles, optional recovery-based lot scaling, break-even protection, and a trailing stop system for managing open trades.

• Recommended Symbol: GBPUSD

• Recommended Timeframe: H1

• Trading Method: Time-based breakout strategy

• Order Type: Pending Buy Stop and Sell Stop orders

• Trade Management: Break-even logic and trailing stop protection

The EA builds a price range during a specified session. When the range closes, pending orders are placed above and below the range boundaries. When price breaks out of the range, the corresponding trade is activated and managed according to the configured risk and management parameters.

• Automated breakout trading based on a daily range
• Dynamic range (“box”) formation during a defined session
• Pending order entries above and below the range
• Configurable risk management system
• Optional recovery lot scaling system
• Break-even protection for additional trades
• Adjustable trailing stop system
• Compatible with both hedging and netting accounts
• Fully customizable trading parameters

Recommendations

• Recommended timeframe: H1
• Recommended trading symbol: GBPUSD
• Recommended minimum deposit: $100 for low-risk trading conditions
• A Raw Spread or ECN account with very low spreads is strongly recommended for optimal performance
• A stable internet connection or VPS is recommended to ensure uninterrupted operation
• Low spread trading conditions may significantly improve execution and overall results
• It is strongly recommended to test the EA on a demo account first before using it on a live account

EA Information

Recommended Symbol and Timeframe
Displays the recommended trading setup used during development and testing.

General Settings

Magic Number
Unique identifier used by the EA to manage its own trades.

Base Lot Size
Initial lot size used for the first trade.

Maximum Lot Size
Maximum allowed lot size during recovery cycles.

Recovery Multiplier
Multiplier applied to the lot size after a losing trade.

Maximum Recovery Trades
Maximum number of additional trades allowed during recovery.

Order Split Settings

Maximum Pending Orders
Limits the number of pending breakout orders the EA can place simultaneously.

Order Split Count
Allows each breakout order to be divided into multiple smaller orders for more flexible execution and scaling.

Risk Management

Lot Sizing Method
Allows selection between fixed lot trading or percentage-based risk profiles.

Risk Profiles (Very Low → Very High)
Each profile automatically adjusts the position size relative to account balance using predefined risk percentages.

Additional internal controls help regulate risk exposure and manage lot scaling behavior for higher-risk profiles.

Trading Session

Range Start Hour
Hour when the price range begins forming.

Range End Hour
Hour when the range formation period ends.

Range End Minute
Minute when the range box closes.

Allow Trading on Friday
Option to enable or disable trading on Fridays.

Entry Settings

Pending Order Distance
Distance added above and below the range for breakout orders.

Stop Loss Distance
Stop loss distance in points.

Take Profit Distance
Take profit distance in points.

Trade Management

Recovery Trade Distance
Distance price must move against the initial trade before a recovery trade is opened.

Enable Break-even for Add Trades
Activates break-even protection for recovery trades.

Break-even Level 1 Trigger
Profit level required to activate the first break-even adjustment.

Break-even Level 1 Offset
Stop loss offset applied after the first break-even activation.

Break-even Level 2 Trigger

Break-even Level 2 Offset

Trailing Stop

Enable Trailing Stop
Enables or disables the trailing stop system.

Trailing Start
Profit level where trailing stop begins.

Trailing Distance
Distance between current price and trailing stop level.

Trailing Step
Minimum price movement required before the trailing stop is updated.

Note:
Default parameters are optimized for the recommended symbol and timeframe, but all settings can be customized to fit different trading conditions.