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Trading Systems That Work

#3 Proven Forex Trading Methods That Work

#3 Proven Forex Trading Methods That Work

June 23, 2021

Intro. Will $500 a day change your life? Š 1000$ ? Many people dream of getting that kind of money

Top 10 Forex Expert Advisors in the last decade

Top 10 Forex Expert Advisors in the last decade

June 3, 2021

Newcomers to the forex market often experiment with new techniques and methods to generate profits a

Top 5 trading robots for profit on forex in 2021

Top 5 trading robots for profit on forex in 2021

May 27, 2021

Foreign exchange trading is one method to make big as well as steady earnings in a reasonably brief

Initially, the Expert Advisor was created for trading contracts for difference (CFDs) on DAX, and now it is adapted for Forex. The most suitable timeframes are H4 and higher.

The Expert Advisor is very simple. No martingale, no grid, no additional indicators, and only a few parameters for optimization (Tolerance and Range).

There is a built-in time filter to avoid losing periods and to close trades at other times.

  • ShowInfo-display the account data on the chart.
  • TradingOnSunday ā€“ enable / disable trading on Sunday.
  • MaxSpread_PAIRS-set the maximum allowed spread for a single symbol.
  • MaxSpread_OTHERS-set the maximum allowed spread for the remaining symbols.
  • Slippage-set the maximum slippage to open a new trade.
  • MoneyManagement-choose the method of money management: fixed lot, percentage of equity, percentage of balance.
  • FixedLot ā€“ fixed lot size. Used when setting Fixed Lot in the MoneyManagement parameter.
  • Minlot ā€“ minimum lot size.
  • Maxlot ā€“ the maximum lot size.
  • Tolerance ā€“ how many pips the Expert Advisor needs to ā€œwaitā€ from the entry point before making a trade.
  • Range-since the EA opens a trade on each new bar, this value sets the interval from the entry point Toleranceat which the EA will open a new trade on the new bar (if there are no other trades in the same direction).
  • TakeProfit ā€“ take profit in pips. Cannot take a null value.
  • StopLoss ā€“ stop loss in pips. Cannot take a null value.
  • TrailingStop ā€“ trailing stop in pips. 0-disabled.
  • UseHourTrade-timeframe for trading. The Expert Advisor opens trades on this timeframe.
  • UseHourCloseTrade ā€“ closing timeframe. The Expert Advisor closes trades on this timeframe.

Example: If UseHourTrade trades until 19: 50, we can keep an open trade until 19:55 using UseHourCloseTrade.

Note 1: All time parameters are only available for testing on history, but not for optimization, as they are treated as text values.

Note 2: the screenshot below shows simple testing on the history without optimization on the main pairs with a lot size of 0.01.

Note 3: Other features may be added in the future. However, for now, we want to keep it as simple as possible. The expansion of the trading robotā€™s capabilities will depend on your feedback and needs.

Key Features of Algorithmic Trading Software

22 June 2016

08 May 2020


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