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FIA Resurrection Candle Pattern

FIA Resurrection Candle Pattern trade according to certain candle patterns. It would be better running on hourly, daily or weekly chart.


Features

  • No limit of trading any symbols for this EA
  • Martingale design
  • Slippage, spread or commission don't matter.
  • Suitable for any broker and any account type which allows EA auto trading.


Requirements

  • Lotsize: lotsize can not be less than the minimum lot size for symbol allowed.
  • Other Parameters: except Lotsize Parameters, other types of Parameters need to be an integer.
  • Deposit: from $2500 or more per 0,01 lot preferred.

Change in the parameters:

According to the risk level, traders can afford with own justified parameters, the parameters could win better than the default setting. To vary the parameters of setting, this EA can also be a useful tool for daily trading or short term trade.


Parameters

  • Trading_Mode - Aggressive,Neutral,Conservative. Aggressive mode follows simple idea of the pattern rules. Neutral mode follows the same rules but it would wait for confirmation rules of the pattern. Conservative mode give further more confirmation to enter a trade but more conservative does not means more profitable and less drawdown in many cases for this EA
  • LotSize - Starting lotsize of trading cycle.
  • AlphaGo_ID - The magic number of EA, enables this EA to run on different symbols and time frames. By doing so, simply enter different integers.
  • slippage - The control of slippage amount while entering a trade. 1 means 1 pips.
  • Martinfactor - The multiplier to execute the martingale strategy. 1 means no martingale applied.


Testing Result

Testing Result is on EURUSD from the beginning of 2015 to April 2016 with the default setting. In the testing, the EA was running on all trading time and did not avoid any news and economic events. Traders have to adjust and test on own platforms to minimize the expected risk level and organize expected return through trading.


Recommendations

This EA can be either tools or a good automatic trading solution. It is recommended to run this EA on daily chart.

To lower the risk level, major economic data and events release are expected to be avoided.

To suit different pairs and design a profitable strategy, the parameters should be adjusted according to market condition.

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Version 1.10 - 2016.06.20
Fixed a potential failure to calculate the correct lotsize of trades.
Optimize one lotsize warning issue and reduce the redudancy.