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Seven Candles

This strategy searches for trade opportunities based on what area the close price is, in comparison with Moving Average.

In order to be triggered, a pattern between candles also must occur. The EA works well on trending markets.

Detailed description of the strategy can be found on my website.

It has been initially developed for stock markets indices (SP500, NASDAQ, etc) on Daily chart entering long positions only. However, I refined the strategy in order to enter short positions as well.

It does not use stop loss or take profit, so the losing trades outweigh the winning ones. Thinking about that, this EA has further functionalities built-in:

  • Stop Loss
  • Take Profit
  • Trailing Stop
  • Timer function: setup what time robot should trade
  • Some others

The EA works on any symbol and timeframe.

Sergey Zhuravkov
1348
2017.04.27 00:36 
 

Нужны доработки.

Ovidiu Caslariu
7845
2016.05.22 20:07 
 

User didn't leave any comment to the rating

Version 2.0 - 2017.04.13
- All text and parameters are in English

- Status on Screen

- Better Performance

- Ability to set another candle look-back for exit