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Bermaui Weekly Round

This system is developed mainly to trade EURUSD daily chart. The idea can be explained in the next steps:

  1. If Thursday close > open, then buy on Friday open.
  2. If Thursday close < open, then sell on Friday open.
  3. If next trading day is loss, add more trading positions in the same trading side of the first trade.
  4. Exit when all opened positions sum profits.
  5. Exit on next Friday if all opened positions is still in loss.


Features

  • Attach this EA to EURUSD Daily chart.
  • Bermaui Weekly Round will check on the open of the day if to buy, sell, or do nothing.
  • You can choose between adding a fixed lot or use a percent from balance (default).
  • This is a rather aggressive short-term strategy designed to participate in an ongoing trend. It is not designed to identify major tops or bottoms.


Settings

  • EnteryDay = the day to take first trade in the trading cycle (Friday by default).
  • ExitDay = the day to exit the trading cycle if no profits appear. This is time stop loss.
  • LotType = (1) FixedLot that does not change with balance changes. (2) BalanceRisk that adapts in percent with balance changes (BalanceRisk is default).
  • RiskPercent = the percent to risk with from balance if BalanceRisk is your LotType choice.
  • FixedLots = the lot size to risk with if FixedLot is your LotType choice.
  • Floating_Target = the minimum amount of pips (points) to achieve before closing all opened trades.
  • UserSlipage = slippage value in pips.
  • MagicNumber = magic number for buy and sell orders.
  • UserComment_Sell = a comment for the EA's sell orders.
  • UserComment_Buy = a comment for the EA's buy orders.


Recommendations

  1. Before using on a live account, test the EA with minimal risk.
  2. VPS is recommended.
  3. For best results, use the leverage of 1:200 or more (1:200/1:500).
  4. Low spreads + low commission + high quality execution are important when choosing a broker to trade.

I hope you find Bermaui Weekly Round a good investment tool.

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