ZGer EA

Z-Ger Gold Auto Trade

It is not sensitive to the time frame in the backtest

GOLD minimum deposit 800 $ 

Max trade = 35 

Strategy:

The Z-Ger Gold Auto Trade EA is a simple trend-following strategy that looks for candles with large bodies that close outside of the previous candle's body. If the current candle closes above the previous candle's high, the EA will sell; if the current candle closes below the previous candle's low, the EA will buy.

After purchasing, please contact me for the set files and timeframes.

Explanation:

The strategy is based on the assumption that candles with large bodies that close outside of the previous candle's body are more likely to continue in the direction of the trend. The EA calculates the average bar over a specified number of candles and then compares it to the current candle bar's body. If the current candle bar's body is larger than the average bar and the candle closed above the previous candle's high, the EA will sell. If the current candle bar's body is larger than the average bar and the candle closed below the previous candle's low, the EA will buy.

Example:

Let's say the EA is set to look back at the previous 10 candles when calculating the average bar. The current candle bar is a bullish engulfing candle, which means that it opened below the previous candle's low and closed above the previous candle's high. The EA calculates the average bar and finds that it is smaller than the current candle bar's body. Since the current candle bar's body is larger than the average bar and the candle closed above the previous candle's high, the EA will sell.