Description

Round Number Psychological Level EA

Short Tagline: A level-based strategy that trades reactions at psychological round numbers (00 and 50…

Short Description:
Round Number Psychological Level EA is a fully automated level-based reversal / breakout. Expert Advisor for MT4 and MT5. A level-based strategy that trades reactions at psychological round numbers (00 and 50 levels) where order clustering, stops, and options interest concentrate. Built-in risk controls and market filters keep execution disciplined across live and demo accounts.

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Overview

A level-based strategy that trades reactions at psychological round numbers (00 and 50 levels) where order clustering, stops, and options interest concentrate. It fades exhaustion into round numbers or trades clean breaks through them, depending on approach momentum.

Features

• Round-number level grid (auto-generated at 00/50 increments)
• RSI(14) for exhaustion
• ATR(14)
• Configurable stop-loss, take-profit, and trailing logic
• Session, spread, and news-time filters for disciplined execution
• One-trade-per-bar / duplicate-signal protection
• Clean, single-file MQL4 and MQL5 implementations
• No hidden logic — every input is exposed and documented
• No martingale, no grid, no hidden recovery logic

Trading Strategy

Entry logic: – Fade mode: price approaches a round number with weakening momentum (RSI extreme, decelerating candles) and prints rejection. Enter counter-move away from the level.

• Break mode: price approaches with strong momentum and closes decisively through the level; enter continuation on the break/retest.

Exit logic: – Fade: exit at the prior minor level or midpoint. Break: exit at the next round number.

Stop-loss: Fade: SL just beyond the round number. Break: SL back inside the level plus buffer.

Take-profit: TP at the next round/half-round level; scale 50% partway.

Trailing stop: Trail level-to-level once the first target is reached.

Break-even: Break-even after price moves halfway to the target.

Why it works: Exploits real order-clustering behavior.; Clear, objective levels..

Recommended Settings

• Timeframes: M15, M30, H1.
• Instruments: EURUSD, USDJPY, GBPUSD, XAUUSD, US30.
• Account type: ECN/Raw spread accounts preferred
• Minimum recommended balance: $500+ (adjust lot sizing to your risk tolerance)
• VPS: Recommended for 24/5 uptime and consistent execution
• Risk management: Risk 0.75% per trade. Max 2 open. Don’t fight strong momentum into a level.

Supported Markets

Forex majors, gold, indices.

Supported Brokers

Compatible with any regulated MT4 or MT5 broker offering standard order execution (market or instant execution). Works with ECN, STP, and standard account types. No broker-specific dependencies.

Installation Guide

1. Download the .ex4 (MT4) or .ex5 (MT5) file from your purchase delivery.
2. Open MetaTrader, go to File → Open Data Folder.
3. Copy the file into MQL4/Experts (MT4) or MQL5/Experts (MT5).
4. Restart MetaTrader or right-click Expert Advisors in the Navigator and select Refresh.
5. Drag the EA onto the chart of your chosen symbol and timeframe.
6. Enable Allow live trading (and Allow DLL imports if prompted) in the Common tab.
7. Adjust inputs to match your risk profile, then click OK.
8. Confirm AutoTrading is enabled in the toolbar.

• Session filter: London and New York sessions.
• Spread filter: Reject if spread > 1.8 pips / symbol threshold; entries are near-precise levels.
• News filter: Avoid entries 15 minutes around high-impact news (levels get blown through).
• Volatility filter: Use ATR to determine whether an approach is exhaustion (fade) or momentum (break).

Risk Disclaimer

Trading forex and CFDs carries a high level of risk and may not be suitable for all investors. Past performance, backtest results, and simulated outcomes are not indicative of future results. This EA does not guarantee profits. Always test thoroughly on a demo account before deploying real capital, and never risk funds you cannot afford to lose.

Version

v1.0.0

Support

Support is provided through the marketplace messaging system. Please include your broker, symbol, timeframe, and EA version when reporting an issue.

Updates

Free updates are provided for bug fixes and compatibility improvements. Feature updates may be released as versioned upgrades.

FAQ

Q: Does this EA work on both MT4 and MT5?
A: Yes, separate optimized builds are provided for each platform.

Q: Can I run this on multiple pairs at once?
A: Yes, attach separate instances to separate chart/symbol combinations.

Q: Does it use martingale or grid recovery?
A: No. This is a pure signal-based strategy with defined risk per trade.

Q: What timeframe works best?
A: M15, M30, H1. for the cleanest signals, but the EA can run on other timeframes with adjusted inputs.

Q: Is a VPS required?
A: Not required, but strongly recommended for uninterrupted 24/5 operation.