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Very Blonde System - expert for MetaTrader 4
- Views:
- 49045
- Rating:
- Published:
- 2009.02.13 08:56
- Updated:
- 2014.10.08 11:37
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Hi! This is just a very simple EA.
It waits the price to have a strong fluctuation of x pips in y minutes (field "Limit"= fluctuation value, field "PeriodX" = time, both customisable) and then it opens a reverse position with a grid of limits position to reinforce it (field "Grid" customisable)
It closes all the positions when the amount (field "Amount", customisable) is reached. You can also say: " if(getProfit()>=AccountBalance()/1000){CloseAll();} if you would like your profit to be proportionate with your balance.
It is quite risky actually because you may expose yourself with a big amount of lots, that's why uou can also activate the "LockDown" option that will cover your positions after tot pips (recommended around 400= 40 pips). However, I do not recommend to use this EA on a live environemnt biut it just gives you an idea on how much you can expose yourself.
It can be used on any chart/timeframe but PLEASE optimise it first. This is for a 1M EURUSD but I am pretty sure you can get better results on EURJPY.
Enjoy.
David
Uses several indicators and candle patterns plus assesses trending or ranging market
FRASMA: Fractally Modified Simple Moving AverageThis is a Simple Moving Average (contrary to Ehlers FRAMA that starts from an EMA), smoothed using findings from the fractal analysis of the on-going price changes.