Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2013.06.12 09:18
Experts

PZ Reversal Trend Following EA - expert for MetaTrader 4

| English Español Português 日本語 Deutsch

Views:
25313
Rating:
votes: 9

Author:

The developer of this EA is Arturo Lopez, founder of Point Zero Trading Solutions.

Trend following systems can vary, but principle elements remain the same. A reversal system, a very common system, has two modes: you are either long or short. It is always in the market and closes one position by opening a new one in the opposite direction.

With this MT4 Expert Advisor, you can either be long or short at any given time. You enter a long position and exit a short position if the current price closes above the highest price in the previous 100 days. You enter a short position and exit a long position if the current price drops below the lowest price in the previous 100 days.

This system should be applied to a huge variety of instruments to make sure to catch some big trends to pay for the other little losses. You should trade forex, commodities, indexes, interest rates, government bonds and even sectorial stocks. As a sidenote, Bill Dunn is a long term reversal trend follower that exploited the Japanese Yen to extreme levels in 1995 with a reversal system exactly like this one and has reaped incredible profits since then.


CheckPower of Bulls/Bears CheckPower of Bulls/Bears

Based on ibull/ibear, but compare power to define good entry bars.

Kijun Sen and Envelope Kijun Sen and Envelope

Kijun Sen and Envelope.

Stretch Breakout Channel Stretch Breakout Channel

The Stretch is a Toby Crabel price pattern which represents the minimum average price movement/deviation from the open price during a period of time, and is used to calculate two breakout levels for every single trading day.

PZ Parabolic SAR EA PZ Parabolic SAR EA

This Expert Advisor trades Parabolic Sar (PSAR) trend changes and applies a fast exit strategy. The parabolic SAR is a technical indicator developed by J. Wells Wilder. Basically, if the stock is trading below the parabolic SAR you should sell. If the sto