The “Puria” Trading Advisor implements trading using the same method. The RSI indicator is used to filter the signals. The Expert Advisor also has an averaging function.
- Three Moving Average (MA) indicators in conjunction with Moving Averages Convergence/Divergence (MACD) serve as a signal to enter the market. We open a sell trade as soon as the First MA crosses the Second MA and the Third MA from top to bottom and at the same time we receive confirmation from the MACD indicator (one bar closed below the zero level).
- The Relative Strength Index (RSI) indicator is used as a signal filter. If the value of the RSI indicator is below the level of 50 and a sell signal is received from the combination of MA and MACD indicators, then a sell order is opened.
- Changing the direction of the market movement. If the market changes direction after the order is opened, a new buy order will be opened.
- The optimal level of profit. If more than one order is opened, the Expert Advisor calculates the price level at which the profitable orders will cover the unprofitable ones with a small percentage of profit.
The parameters of the Expert Advisors that you can change and optimize are listed and described below:
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- MAGIC (MAGIC number) – ID of the EA’s orders;
- Trade (Trade) – if FALSE, the EA will no longer open a new one after closing all TP or SL orders;
- (ON Filter RSI) – if FALSE, the RSI indicator readings are not taken into account;
- Lots (Initial Lot Size) – order volume;
- TakeProfit (Profit level (in points)) – the level of profit taking;
- StopLoss (Loss level (in points)) – the level of fixing losses;
- Step (Distance between orders (in points)) – minimum distance between orders;
- MaxOrders (Maximum number of open orders) – the maximum number of orders to open.
You can also customize the parameters of the Moving Average, Moving Averages Convergence/Divergence and Relative Strength Index indicators, such as the period, price type, offset, and moving average method.
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