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

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

votes: 16
2016.12.30 14:44

Yen Trader trades JPY Crosses (XXXJPY) where XXX is one of the major currencies (except USD which will be used as a reference currency).

Based on the selected direction (R:Right or L:Left), the EA will detect Divergence or Convergence between a major pair and USDJPY, and trade the Yen Cross Pair based on that.

Divergence/Convergence is detected using:

  • Close Price a number of bars back
  • Moving Average
  • RSI
  • CCI
  • RVI

Stop Loss, Take Profit, Profit Lock, Trailing Stop can be based on Pips or ATR multiples.

The EA can be used for scalping as well as swing trading.

Yen Trader Inputs

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