225 PIPS |
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Trading algorithm "225 pips":
"GBPUSD: Catching movement at the 3rd level from SMA and outside BB" (lowered TP)
(Оригинал текста на русском языке)
The "225 pips" Expert Advisor combines and will continue to add its base many variations of trading robots working with Agreed Forex Levels. This article describes one of the EA's trading algorithms.
About the trading algorithm
This algorithm completely copies the conditions for opening deals, as in the algorithm "GBPUSD: Catching movement at the 3rd level from SMA and outside BB". The only difference is that the take profit (TP) value has been decreased. TP = 75 pips.
This allows you to execute more trades, since from a movement of 225 pips, you need to trade only a third of the way, therefore, take profit is achieved faster and more often. Also, a decrease in TP by 3 times (from 225 pips) allows avoiding errors in the rate movements, since not always the movement of 225 pips is carried out completely.
An illustrative example of a trading week, when the algorithm with TP = 75 pips gave good results (the chart shows that not all 225 pips movements were fully traded):
As a result, the algorithm earned 375 pips, i.e. 37.5 pips. It is not enough :-) The purpose of the EA is to catch 10-20% of the global movement in the market per week (from 500 points and more). Therefore, the "225 pips" EA file will include several trading algorithms. It will only be necessary to change the settings of the input parameters for each individual robot / chart.
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Algorithm examples
Other examples of trading weeks and successfully caught moves (Agreed Forex Levels) using the algorithm:
Product | Trading system | Description | Roadmap | Settings and sets | FAQ | Support |
225 PIPS |
P.S. If you find a mistake or an incorrect phrase / word, please let me know (private message). I will correct the text. Thank you!