Belenus EA

Belenus EA

I can not give any recommendations for settings, please do your own tests in strategy tester and demo account before you go live.

The Belenus EA is suited for US30, DE40, JP225, US500, UsTech.

Recommendation: Start testing with fixed lot size! Increase lot size slowly when you feel safe. Use risk management like the Stop Loss or maximum drawdown settings.

Important Information: Before using and testing this EA you should take into account that time period of working EA is for GMT OFFSET +3

Technical Details

Time Settings:

• Open Position Hour - Hour when the EA opens positions (24-hour format) 
• Open Position Minute - Minute when the EA opens positions
• Close Position - Whether to automatically close positions at a specific time
• Close Position Hour - Hour when positions are closed (24-hour format) ClosePositionsMinute (0) - Minute when positions are closed
• PauseXmasHoliday - Pauses trading during Christmas period (Dec 23 - Jan 7)

• Lot Size Mode - Determines how lot size is calculated: 
1. Fixed Lot Size: Uses a fixed lot size 
2. Percentage of Balance: Calculates lots based on account balance percentage 
3. Percentage of Equity: Calculates lots based on account equity percentage 
4. Lotsize by Balance: Increases lot size based on account balance 
• Take Profit in points (0 disables TP) 
• Stop Loss in points (0 disables SL) 
• Maximum number of simultaneous trades (1-100) 
• Maximum allowed drawdown percentage (0 disables) 
• Maximum number of trades: Maximum allowed concurrent open positions (1-100)
  
  

• Break Even Points - Points of profit needed to activate break even (0 disables) 
• Break Even Step Points - Additional points added to break even level 
• Trail Start Points - Points of profit needed to activate trailing stop (0 disables) 
• Trail Distance Points - Distance to maintain for trailing stop 
• Trail Step Points - Minimum price movement needed to adjust trailing stop 

• Order Comment - Comment added to all trades 
• Magic Number - Unique identifier for trades placed by this EA 
• Show the info box - Shows/hides the information display box.

1. No Guarantee of Profit: Past performance is not indicative of future results. Trading in the forex market involves substantial risk and there is always the potential for loss.
2. User Responsibility: The user is solely responsible for any trading decisions made using this EA. It is strongly recommended to thoroughly test the EA on a demo account before using it with real funds.
3. Market Volatility: Forex markets can be highly volatile and unpredictable. This EA may not perform as expected under all market conditions.
4. Technical Issues: The EA may be subject to technical failures, delays, or errors. The developer is not responsible for any losses incurred due to such issues.
5. No Financial Advice: This EA does not constitute financial advice. Users should consult with a qualified financial advisor before making any investment decisions.