Koala EA MT5

Koala EA MT5

Koala EA MT5 is a fully automated trading system special coded for AUDCAD M1 and M15 Timeframe. 

1. Installation：

Please attach the EA to AUDCAD M1 and M15 Chart and set the parameters thereafter.

2. Spread:

No special requirements, regarding the trading cost, the lower the better.

    3.1 What is False Bar?

Due to the quality of Liquidity Providers, "False Bars" on lower timeframes are very popular for AUDCAD and NZDCAD, especially on M1 and M15 Timeframes. False Bar = a candlestick that clearly differs from the market price and quickly disappears. 

Koala EA needs very accurate data feed. False Bars will challenge its logic significantly.

    3.2 How to deal with False Bar

Run Koala EA on Metaquotes or Tickmill's Demo account, then use Local Trade Copy EA to copy the trades to your live account with your own trusted Brokers.

    Use MoneyManagement: True

    Fixed Lot Size: 0

    Auto Lot Balance (Per 0.01 Lot): 1000

It means every $1000 balance, the starting volume is 0.01 Lot.

1000 = Normal Risk

500 = High Risk

    Trade Comment: Koala EA

    Allow To BuySell: Select from “Buy only”, “Sell only”, and “Buy and Sell”