Rallyx follows the daily trend. As the swings correct themselves the EA enters the trades at an optimal point. The algorithm used obeys the classical Elliot waves principle. Stoploss is based on a conservative 300 pips and trades are trailed on Parabolic SAR and Fibonacci targets. Results has been tested on EURUSD due to its advantageous liquidity and ten selected pairs but the EA is suitable for strongly trending pairs.
The primary indicators used are Zigzag with default settings, Bollinger Band with settings of 50 periods and 2 standard deviations and RSI with 14 periods on the highest and medium time frames for entry conditions. For monitoring ongoing positions the lowest time frame is used.
The percentage of margin parameter can be adjusted to suit your risk appetite. Although the Money_FixMargin_Percent when optimized between 2.5 and 25 yielded increasing returns but because of unexpected volatility , weekend gaps etc it recommended to use a conservative setting.
It is required to choose four time frames for the EA, a higher time frame, a medium time frame, a time frame, and a lower time frame (HTF, LTF, TF and TTF) of the ENUM_TIMEFRAMES data type. The default are PERIOD_D1, PERIOD_H4, PERIOD_H1 and PERIOD_M30.
The period 2015.01.01 to 2015.08.10 for EURUSD has seen sometimes bearish, sometimes bullish and somewhat mixed. Kind of cover the whole spectrum of trend.
Rallyx trades using big and small waves without one getting on each other's way.
The Money_FreeMargin_Percent input parameter is left at 10% of account free margin but can be adjusted taking into consideration your risk appetite.