Smart Radar for AUDCAD

１．Product Introduction

This EA specializes in automated trading for AUDCAD.

Both Australia and Canada are major resource-exporting countries, have stable banking sectors, and are geopolitically stable regions, leading to a relatively stable price movement range for the AUDCAD currency pair. Leveraging this characteristic, it combines multiple strategies to make entry and exit decisions.

２．Strategy Overview

For entry points, it uses the RSI to determine overbought and oversold conditions based on past price fluctuations. Rate overshoots serve as one of the triggers.

When exiting positions, it extends profits based on RSI, MA, and user-input values.

In case of adverse price movements, it increases lot sizes while placing orders at a user-defined distance. The number of such attempts can be limited as per user settings.

Compounding settings allow for automatic lot size adjustments based on changes in the account balance.

You can restrict trading hours through user settings.

３．Guidelines for Use

Before using this EA, it is advisable to perform backtesting in your own MT5 platform provided by your FX broker or to operate it on a demo account. Please ensure thorough testing and verification before using it in live trading.