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2016.12.30 14:44

Yen Trader - expert for MetaTrader 4

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votes: 5

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

Accelerator Oscillator (AC) Accelerator Oscillator (AC)

The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.

Average Directional Movement Index (ADX) Average Directional Movement Index (ADX)

The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.

Yen Trader Yen Trader

Expert Advisor to trade Yen Crosses based on Major Pairs and USDJPY divergence/convergence.