This expert advisor tries to collect 5-6 pip targets during a trend. Trend is determined by some smoothed moving averages, that filters noise.
Trade decision is made by some M15 indicators like Stochastics and CCI. Decisions are made at M15 bar openings.
Some special time and price filters applied, to eliminate critical trades.
- Timeframe: M1
- Pairs: EUR/USD, GBP/USD
- Trade Style: Trend scalper, using M15 bar signals
- TakeProfit: Target pips for each order. Default: 5.5 pips
- StopLoss: Stop loss value for each order. Default : 25 pips
- Risk: Defines leverage used for each order. Default: x45
- LotFixed: if Risk is set to zero, ea trades using fixed lot parameter. Default: 1
- RuHourBack: if your MT4 terminal hour is back from original MetaQuotes MT4 hour, use this parameter. example: if your MT4 terminal hour is back 1 hour from MQ MT4, you should set RuHourBack=1 (EA avoids to trade at some critical hours).
- Broker Selection: ECN brokers with max 0.7 pip EUR/USD, 0.9 pip GBP/USD spreads should be preferred
- Testing: You can test this EA, using M1 every tick mode. All timeframes are hard coded internally. M15 test/run matches with M1 every tick test/run.
- Awareness of critical times: Dynamically decides critical times and exits from the market.
- Time discretization: To force MQL4 strategy tester, fully compatible with future tests/run, some discretization methods used. (M1, M5, M15 tests with all options are almost equal. This make tests stable).