Oberon iSAR MT5

Overview of Oberon iSAR MT5

• Oberon iSAR MT5 is a trading system consisting of 15 separate blocks, known as mini Expert Advisors.
• Designed to sum up profits and distribute drawdowns over time, making it a unique tool for traders.
• This system allows for multiple installations on a single chart, enabling traders to customize settings for various symbols.

Peculiarities and Features

• Each Expert Advisor block can have its individual input data, adapting to different trading strategies.
• Symbols can be repeated, enabling multiple identical symbols to operate independently.
• Requires specific settings regarding magic numbers to prevent conflicts during operation. 🧙‍♂️
• Optimal for a hedging account type with a leverage of at least 1:100.

Trading Signals and Optimization

• The advisor generates signals to open positions based on breaks through the iSAR indicator.
• Positions are closed upon reaching the 'TakeProfit' level, ensuring consistency in profit management.
• Customization of trading conditions is essential; optimization should be performed on a per-symbol basis.
• Input parameters like PERIOD_, Auto_Lot_, and TakeProfit_ are crucial for setting up the trading strategy.

Important Considerations

• For optimal performance, a robust virtual server (VPS) is recommended, especially when using all 15 symbols for testing. ⚙️
• The system does not repaint, providing a reliable basis for traders.
• When working with brokers offering 4-digit quotes, adjustments must be made for parameters like 'Take_Profit'.

User Interface and Setup

• The 'file.set' contains the necessary input values for configuration; installers should select 'load' from the advisor's menu.
• Compatible with various trading scenarios, the system is adaptable to individual trader preferences.
• Clear instructions and resources are available for beginners, ensuring ease of use and efficient setup.