This EA trades price action around major daily support and resistance levels.  Price tends to be "sucked" into these highs and lows, and thus there are profits to be made at those zones.

This algorithm uses a SL and TP on each trade, and also uses a trailing stoploss to maximize profitable trades, and minimize the losing trades.  

It will trade about 10 trades per week.

How to run the EA:

Simply open a EURUSD Daily chart, enable the "OneChartSetup" in the parameters and set your lotsize.

For low risk, I recommend using LotsizeStep = 1000 or higher.

For Medium risk, I recommend using LotsizeStep=700

For High Risk, I recommend using LotsizeStep=500.

Important: these values are based on USD/EUR accounts.  For other accounts, please convert these values to your account currency (ask me in pm if you have questions about this)

How to backtest the EA:

Run on each pair separately, M1 timeframe with the "OneChartSetup" disabled in the parameters.

Use "open prices only" or "control points" for tickquality.  The EA does not need "every tick" to get reliable backtest results, because of the nature of how the EA manages trades.

Ofcourse you can check yourself to see that the difference with "every tick" is minimal.

Recommended minimum balance: 400$

Parameter overview: