PRO Expert Larry
This Expert performs trades automatically in favor of major trends, based on different setups by economist Larry Williams. For a greater safety of the investor, the trades are automatically closed either at the end of the trends or when Take Profit or Stop Loss levels are achieved. Furthermore, the Stops are automatically defined by the Expert Advisor and no position in held without defined Stops.
Additionally, the user can define a trading window, avoiding trades out of the booked period and automatically closing the open positions at the moment the trading window is surpassed. The Expert can be optimized to any symbol and currency, besides any graphical timeframe, guaranteeing full adherence to the investor's trading profile.
A new order volume is automatically calculated by the Expert, based on the risk margin setup by the user and the Stop levels calculated to the trade. This procedure aims a natural evolution of the trades according with the account performance. The safety of the user's account is also improved through the choice of the 'Margin Call' levels, guaranteeing the Expert execution stop in cases of equity drop.
Widely configurable, the Expert allows to:
- Trailing Stop Loss based on Setup 9 strategy
- Trailing Stop Loss based on ATR indicator
- Trailing Stop Loss with constant gap
- Break Even
- Double and Triple position partial close
- Minimum return ratio to open a position
- Enabling and defininf an trading window
Caution, perform all the required tests in order to ensure that this Expert fits your own risk management and also properly works with the symbol or currency and broker you have chosen. The Expert optimization is responsibility of the user, but we will be glad to support you as long as we can.
|ACCOUNT MODE: Any mode|