Default Settings
- Colossus EA’s MT5 default settings are a ready to trade strategy for EURUSD on M5 timeframe, specially optimized for ECN Raw Spread ICMarkets accounts (New York based GMT+3 time zone servers). Other brokers or account types may be used, but you may need to test Colossus EA MT5 and make any necessary time adjustments to fit your broker/account. Before you test or trade the Colossus EA MT5 you must change these settings: Buy Stop Distance in Points: 70 and Sell Stop Distance in Points: 30. Default settings were necessary in order the Colossus EA MT5 to pass the MQL5.com Market validation test.
Colossus EA MT5 is highly sensitive to trading conditions, emphasizing the importance of selecting the right broker and account type for successful testing of the strategy in the strategy tester. It is highly recommended to use an IC Markets Raw Spread (ECN) account or an equivalent ECN account from other reputable brokers, such as the Razor Pepperstone account, Tickmill PRO account, or XM Zero account. Even if you observe promising results in your MT5 strategy tester tests, I strongly recommend initially trading Colossus EA MT5 on a demo account before transitioning to a small real account. Gradually increasing your balance as positive results are confirmed is also advised.
Notice: You must adjust Colossus EA MT5 Start Time and End Time settings accordingly, before you test or trade with it! Trading hours are optimized for ICMarkets GMT+3 summer time (GMT+2 in the winter), so you need to make the necessary adjustments to fit the server/Marketwatch time of your broker.
If your broker operates on GMT+0, for instance, adjust the Colossus EA MT5 trading hours 3 hours earlier for testing. For example you will need to change them from:
Start Time: 09:00
End Time: 22:00
to
Start Time: 06:00
End Time: 19:00
You can find the Colossus EA MT5 set files, along with detailed instructions and advice at the bottom of this guide.
Here you can see the recommended setup for the Settings tab of the MT5 strategy tester.
Advice: None of my EAs are miracle products capable of predicting the market. Instead, they are honest, well-coded expert advisors designed to win more than they lose. They do not employ martingale or grid strategies, which means their results won’t consistently show an upward profit curve; there may be ups and downs. Success with them requires patience and discipline. My general recommendation is to test all the provided set files in your strategy tester. If you discover any interesting results, consider making a purchase. I regularly optimize all my EAs and release new set files twice a year. Additionally, at the end of each month, I assess the performance of all the provided set files and offer new suggestions based on the symbols that have performed the best over the last 2-3 months. I advise you to trade only with the best-performing set files, limiting your risk to 1% or 2% per symbol, rather than using all of them.
Warning! If you plan to trade only 1 of the provided set files, you could leave the Risk % per trade to the default 5%, but if you would like to trade all set files, I strongly suggest to put the Risk % per trade to 1% – 2% per symbol.
✔️ Colossus EA MT5©: https://www.mql5.com/en/market/product/64856
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