This EA performs operations automatically in favor of local trends, with trading based on three different Larry Williams Setups (9.1, 9.2 and 9.3). For the sake of investor security, trades are automatically terminated at the end of the initial entry trends or when the EA’s Take Profit or Stop Loss levels are reached. In addition, the user can enable and set the preferred trading window, avoiding orders outside the specified period (positions are also automatically closed outside this period determined by the user).
The Expert can be optimized for any currency and chart period to suit the user’s trading style. The number of contracts to be operated is constant and defined by the user, in order to provide a better management of the risk involved in each operation. Widely configurable, EA also enables the inclusion of:
- Stop Loss based on Larry Williams setup strategies
- Constant trailing Stop Loss
- Break Even
- Partial position close
- Minimum return required between Stop Loss and Take Profit for new entry
- Enabling trading window
Expert’s trades management algorithm is based on Price Action analysis and several other indicators, finding local extreme values to define the best entry and exit points for the user.
[spoiler title=”Read More…”]
All algorithm parameters are configurable and can be optimized by the user.
ACCOUNT MODE: Netting