Lazy Bot V1 EA MT5 (Works on Build 4468+) | Forex Robot | MT5 Expert Advisor

Lazy Bot V1 EA MT5 is an expert advisor for MetaTrader 5 that focuses on daily breakout trading. Unfortunately, the code for this specific EA is no longer available, but there’s a vast code base on MQL5 where you can find other suitable trading algorithms. If you’re interested in trading robots, you might also want to explore the Lazy Trader EA, which uses a complex correlation system with multiple symbols.

Introduction

The Lazy Bot V1 EA MT5 is an expert advisor designed for MetaTrader 5. It follows a daily breakout strategy, aiming to capture price movements after significant market shifts. Below, we’ll delve into the key details of this EA.

Strategy Overview

• Strategy Type: Daily Breakout
• Pairs Traded: GBPUSD, EURUSD, XAUUSD (Gold)
• Timeframe: Daily
• Magic Number: 123456
• Bot Name: LazyBot_V1

Key Parameters

1. Lot Size (Volume): The recommended lot size is 0.01 (adjustable).
2. Stop Loss (SL): Set at 5.0 pips (modifiable).
3. Distance from High/Low to Entry Price: Currently set at 0 pips (can be customized).
4. Slippage: Maximum allowable slippage is 3 pips.
5. Maximum Spread: No specific spread limit (floating).

Trading Time Settings

• Trading Hours: From 7:00 AM to 10:00 PM (adjustable).
• Trading Days: Active every day.

Money Management

• Risk Percentage: The EA uses a fixed risk percentage of 1% of the account balance.

How It Works

1. Every Day:
   • The EA identifies the highest and lowest prices of the previous daily bar.
   • It places two pending orders:
     • BUY STOP above the high price.
     • SELL STOP below the low price.
   • No take profit levels are set initially.
2. Trade Management:
   • The EA monitors price movements.
   • When one of the pending orders is triggered, the other is canceled.
   • The EA aims to capture breakouts in either direction

What’s in the package?

• Experts : LazyBot MT5_V1.ex5

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You can get it free if you signup Exness with our referral link

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Disclaimer:

The EAs sold on our channel are not created by us.

We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.

Past performance is no guarantee of future results. We seek the EA on an 'as is' basis and only the version mentioned is being sold.

All future updates will be on a best effort basis and could involve further fees to be paid owing to acquisition and unlocking costs.

EA updates are thus not automatic and not guaranteed.