The Expert Advisor has been developed for GBPJPY 1H based on PIVOT,MACD and pending orders. It has been backtested on over 7-year tick data with 99% quality of modelling. The screenshots attached feature the robustness test by Monte Carlo analysis with 200 simulations. A broker with a small spread and slippage is recommended for better performance. No need to set up any parameters, these settings are optimized.
There is no need in using a large account. I recommend trading from 500 USD with 0.01 or 0.02 lots.
- Each deal is protected by stop orders (Stop Loss and Take Profit)
- Both a fixed lot and a free margin percentage are used
- No martingale, no grid
- No excessive consumption of CPU resources
- The long-term timeframe is 1H
- User-friendly settings
- All settings optimized
If you have any question, please contact me before buying.
- MinimumSLPT = 40 – minimum SL/PT
- MaximumSLPT = 120 – maximum SL/PT
- UseMoneyManagement = false – enable/disable auto money management
- LotsDecimals = 2 – a broker should support trading in micro lots; if your broker does not support micro lots, set to 1
- RiskInPercent = 2.0 – risk in percent for one trade from account balance
- MaximumLots = 0.5 – maximum allowed lots for trading
- TradeLong = true – disable or enable long trades
- TradeShort = true – disable or enable short trades
- MaxSlippage = 3 – maximum slippage
- MagicNumber = 13162 – trade ID
- CustomComment = "GBPJPY_PIVOT" – custom comment in history
- EmailNotificationOnTrade = false – if a trade is opened, an email is sent to you; you need to setup an SMTP server in MetaTrader 4
- DisplayInfoPanel = false – enable or disable the info panel on the chart