Must read:
THIS EXPERT ADVISOR ONLY OPEN TRADE WITH WELL DEFINED AND ROBUSTNESS TESTED ALGORITHM.
From the result of 18 years backtest shown on the screenshot, make sure you calculate or check:
- Total trade;
- Monthly trade expected;
- Consecutive gain;
- Consecutive loss;
- Net profit;
- Monthly net profit.
While observing the performance of the EA, its update will be carried out from time to time.
Thus is a fully automated expert advisor that scalp when there is relatively large price movement in market and the price breaks out defined extreme. Bollinger Band and William Percentage Range Indicator are used as filter the trading signals. Stop loss and profit target are always set for every trade. Closing of unfavourable trades is handled by MACD indicator.
Note that, the default setting is for EURUSD pair.
Click here to download other pair set file
Recommendation
- Pair – EURUSD, GBPUSD, AUDUSD, EURUSD, XAUUSD.
- Timeframe – 1 hour.
- $100 minimum deposit for a pair, on 4 digits quote account.
- $1000 minimum deposit for a pair, on 5 digits quote account.
Also note that, it can also be optimized on any other pair using any timeframe
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It does not use:
- Grid
- Martingale
- Hedging
- Arbitrage
- VPS that is available 24/7
- Four (4) and Five (5) digit brokers
- Display_EA_Name – if set true, dashboard of the EA is displayed UseMoneyManagement – if true, the EA will calculate lot size to use in opening initial trade by using the value of MaximumRisk parameter below;
- UseMoneyManagement – if true, the EA will calculate lot size to use in opening initial trade by using the value of MaximumRisk parameter below;
- FixedLots – Fixed trading volume for every open positions;
- CommonMagicNumber – common magic number for all the strategies;
- MaximumRisk – percentage of initial deposit to be used in opening a single trade;
- DecreaseFactor – value used in calculating the next trading lot if the previous trade is a loss trade. The higher the value, the lower the next trading lot;
- RS_MaximumTolerantSpread – maximum value of spread for opening any trade. NOTE THAT THE EA DOES NOT AUTO DETECT IT FOR 5 DIGIT QOUTE. YOU SET YOUR MAXIMUM VALUE.
- DoNotTradeOn – the EA does not trade on the day choosen
- ClosePositionOnFriday – if set true all the open positions will be closed on Friday night.
- TradeLong – if set true, the expert advisor open only BUY trades
- TradeShort – if set true, the expert advisor open only SELL trades
- Trailing Point – Value for trailing any open positions
- TurboMode – if set true, the expert advisor uses additional inbult strategies to open positions. Maximum of six (6) trades can be opened. It is available only for EURUSD.
- SLa_Buy – Stop loss for every buy trade. The EA auto detect the value for 5 digit quote.
- TPa_Buy – Profit target for every buy trade. The EA auto detect the value for 5 digit quote.
- Fliter1BuyPosition – William Percentage Range indicator period for opening of buy order
Fliter2BuyPosition – William Percentage Range indicator level for opening of buy order
- Fliter3BuyPosition – Bollinger Band indicator period for opening of buy order
- Fliter4BuyPosition – MACD indicator parameter for closing of buy order
- Fliter5BuyPosition – MACD indicator parameter for closing of buy order
- Fliter6BuyPosition – MACD indicator parameter for closing of buy order
- Fliter7BuyPosition – Bollinger Band indicator deviation for opening of buy order
- SLa_Sell – Stop loss for every Sell trade. The EA auto detect the value for 5 digit quote.
- TPa_Sell – Profit target for every Sell trade. The EA auto detect the value for 5 digit quote.
- Fliter1SellPosition – William Percentage Range indicator period for opening of sell order
Fliter2SellPosition – William Percentage Range indicator level for opening of sell order
- Fliter3SellPosition – Bollinger Band indicator period for opening of sell order
- Fliter4SellPosition – MACD indicator parameter for closing of sell order
- Fliter5SellPosition – MACD indicator parameter for closing of sell order
- Fliter6SellPosition – MACD indicator parameter for closing of sell order
- Fliter7SellPosition – Bollinger Band indicator deviation for opening of sell order
Fliter2BuyPosition – William Percentage Range indicator level for opening of buy order
Fliter2SellPosition – William Percentage Range indicator level for opening of sell order
Feel free to send message if you have any question
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