BomIT-V1 Overview

BomIT-V1 is configured on FXCE Giga by member Kim Đình Biên (Telegram: @bomit) of FXCE - EA community based on the Koala Trend Line indicator on MQL5 forum.

This is the result of the Koala Trend Line's ability to determine the top and bottom and the unlimited combination of all indicators of Giga.

BomIT-V1's Trading Method

Strategy Description

Price Action trading method when the price breaks out between EMA 21 with Trend Line/Resistance/Support.

• Buy order: 

• The price is above the EMA 21.

• The price completed the compression between EMA 21 and Trend Line/Resistance.

• Entry after the candle completed the breakout to Trend Line/Resistance.

• Sell order: 

• The price is below the EMA 21.

• The price completed the compression between EMA 21 and Trend Line/Support.

• Entry after the candle completed the breakout to the Trend Line/Support.

• Risk management:

• 0.36% Balance/order

• Stop Loss = 20 pips 

• Tỷ lệ R:R = 1:5,5

• Trailing Stop:

• Start Trailing after 50 pips

• Each move 35.9 pips

Technical Indicators

BomIT-V1 is based on the Koala Trend Line indicator of the MQL5 forum.

The indicator allows easy trend identification when marking the top/bottom candles according to each corresponding Red/Blue point by the depth customized by users.

• If depth = 10, the highest candle is between 10 surrounding candles with 5 candles ahead and 5 candles behind.

• If depth = 10, the lowest candle is between 10 surrounding candles with 5 candles ahead and 5 candles behind.

Backtesting results

BomIT-V1 has backtested under the following conditions:

• Time Frame: M15

• Backtest period: 01/01/2020 - 11/21/2022

• Symbol: USDJPY

• Balance: $10,000

The backtest result is evaluated based on 4 criteria:

• Drawdown recovery period = EDD * Number of months Backtest/  Total Net Profit

• History Quality ≥ 99%

• Profit Factor ≥ 1,5

• Equity Drawdown ≤ 15% 
  

More information on the Backtest assessment guiding: https://ea.fxceltd.com/post/huong-dan-danh-gia-ket-qua-backtest_636a2d4e56a5ec0001ade8e3

Configurating on Giga

Follow the steps to configure and can customize the EA:

Entry tab settings

Buy order

Sell order

Volume tab settings

Settings tab

Action tab settings - Trailing Stop

Terms of use

• BomIT - V1 is free and shared by member Kim Đình Biên of FXCE EA.

• Used on MT5 FXCE platform

• Any purchase, sale or exchange in any form is not allowed.

• FXCE as well as Kim Đình Biên are not responsible for any loss during use.

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Download the EA config here

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• Users need to add Koala Trend Line to MT5 and drag it to the chart for Giga to recognize the indicator.

• Detailed instructions on how to use EA from EA Giga library can be found here.

• Copy the “.config” file into the folder where the FXCE Giga config file is saved.

• To access the folder where the config file is saved, go to FXCE Giga and select the File > Open Data Folder menu.

• After loading the config file into FXCE Giga, users can perform backtest or forward test.