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Reliable Trader

Reliable Trader uses Bill Williams' Fractal indicator on various timeframes. The indicator is used to enter the market via pending orders. The EA benefits from the market inertia making it impossible for the price to "reduce speed" or reverse sharply. Orders are closed when a bar Close price crosses the Simple Moving Average using additional factors indicating the possible end of a trend.

The EA has been designed for long-term trading on EURUSD, where testing the EA on the last five years shows a steady deposit growth. You can also use it on GBPUSD and USDJPY. Other pairs are not recommended.

The EA should be applied to M5 chart. Auto trading should be allowed.


Parameter

  • Number of lots - number of deal lots (specified when applying the EA to M5).
No reviews
Version 3.1 - 2016.02.08
Reworked the algorithm of closing profitable trades.
Version 3.0 - 2016.01.21
- Reworked the fractal detection algorithm
- Added the additional "false" entry filtration criteria by the lever rule.
- Added floating Stop Loss for pending orders.
Version 2.2 - 2015.12.16
Added "floating" stop to increase the reliability of trading.
Version 2.1 - 2015.12.10
Improved the order closing algorithm.
Version 2.0 - 2015.11.17
Added ability to enable lot auto calculation. To do this, set 'Switch on automatic calculation of lots' to True when attaching the EA to M5 chart. Also, set 'Deposit's percent for trade' (risk) used for lot amount calculation. If you do not need such function, set 'Switch on automatic calculation of lots' to False and specify 'Number of lots' manually.
Version 1.2 - 2015.11.04
Added ability to manage stop losses of opened orders manually, thus improving the trading reliability even further.
Version 1.1 - 2015.10.26
Version 1.1
Improved compatibility for use on multiple instruments.