EURJPY pivot based
This is Expert Advisor which carry out the trades based on Pivot points. It is complex and strong strategy for professional traders and investors around the globe. It is not "get rich in a week" kind of strategy and you need to allow time before you judge it. Backtest shows over 700 trades over period of 7.5 years with maximum drawdown of 11.75% and Profit Factor of 1.34. All this at quality of backtest at 99% with real tick data give this strategy real edge over others. Together with Monte Carlo analysis this strategy passed all the robustness test and filters and is ready for trading without any further optimization.
Note: Remember every strategy has a loss periods so don’t panic if you will not see the profits within a few weeks. Also I would recommend to have look for my other strategies in order to build portfolio to maximize profits and minimize the loss.
EURJPY pivot Parameters
- MinimumSLTP = 60 - minimum SL/TP
- MaximumSLTP = 120 - maximum SL/TP
- UseMoneyManagement = false - enable/disable auto money management
- Lots Decimals = 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 if you use Auto money management
- Maximum Lots = 0.5 - maximum allowed lots for trading
- Use Fixed Money = True/False
- Risk In Money = if you risk money instead of lots or %
- Max Trades Per Day - you can limit how many trades will be executed a day
- MaxSlippage = 3 - maximum slippage
- MagicNumber = 12345 - trade ID
- CustomComment - custom comment in history
- DisplayInfoPanel = false - enable or disable the info panel on the chart
- All other settings are self-explanatory however don’t hesitate to contact me if you not sure.