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Welcome Trader!
Check out my new EA recently released.
Basic Idea:
Having a strong mathematical background the whole EA was developed by me. Key target was to build a solid, fully automated strategy with as minimal draw-down as possible, but keeping a nice and continuous profit.
Method:
EA uses S/R lines to enter trades, also uses these lines for initial SL and TP. Usually uses limit orders to catch the deal.
Money Management:
No martingale like money management, but traded volume is always matched with the maximum possible amount to loose (fixed stop loss).
Trading Time:
Usually it holds the position for a couple of hours.
Stop Loss & Take Profit:
Using dynamic SL and TP, then try to moves both of them. SL and TP is calculated on the current volatility.
Draw-Down:
You can expect around 20% maximum draw-down in the floating EQUITY with the current risk settings. I mean draw-down in the EQUITY, not the balance like others. Just look at the equity (orange) line which not really far away from the balance (blue) line.
Backtest Result:
Testing on Alpari UK data, you can check it out also.