TurnOnCarry Free (English carry – hold, hold) is a Forex strategy based on Bollinger bands.
This is a long-term strategy, originally designed for trading on a daily timeframe. However, the EA can also work on smaller TFS, up to H1. TurnOnCarry “tries” to find the most obvious price reversals for the most profitable entry.
In addition, this strategy involves the partial closing of a profitable position at a configurable level, thereby allowing you to fix part of the profit. The remaining part of the position is converted to breakeven, 3 points higher than the opening of the position, which prevents possible losses. Thus, this Expert Advisor is designed for long-term, stable and successful trading with a small drawdown.
Stability, not the pursuit of profit – this is the motto of the Expert Advisor and the “Turn on Carry”strategy.
The Expert Advisor automatically determines the quotes of the instrument, so the SL and TP values should be set as for 4-digit quotes.
- Auto calc SL