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GBPUSD Reversal

GBPUSD Reversal trades at the start of a new trend or follows a trend during a correction.

The EA follows ADX (Average Directional Index) signals. This is a proactive indicator displaying a trend power (whether it continues or gradually weakens) before the price movement. When a buy or sell signal appears, the EA opens a grid of orders in the necessary direction.


Requirements

  • Currency pair: GBPUSD
  • Timeframe: M15
  • Recommended leverage: 1:500 or higher
  • Minimum deposit: $100


Settings and inputs

Risk:

  • Risk - risk (<0.5 - low, >0.5 - high);

Grid parameters:

  • FirstStep - first step from the current price;
  • The number of orders in the grid - number of orders in the grid;
  • Distance (in points) between the orders - distance between orders (in points);
  • K_Lot (multiplication of the Lot) - lot multiplication;
  • Timeout after the closure orders - timeout after orders are closed;
  • Slippage - slippage;

Take profit and stop loss:

  • StopLoss (0-It don't establish SL, it recommended 90) - stop loss (in points, recommended 90);
  • TakeProfit (0-It don't establish TP, it recommended 30) - take profit (in points, recommended 30);

Trading time:

  • to start on Monday - trading start on Monday;
  • finish on Monday - trading end on Monday;
  • to start on Tuesday - trading start on Tuesday;
  • finish on Tuesday - trading end on Tuesday;
  • start on Wednesday - trading start on Wednesday;
  • finish on Wednesday - trading end on Wednesday;
  • to begin on Thursday - trading start on Thursday;
  • finish on Thursday - trading end on Thursday;
  • to start on Friday - trading start on Friday;
  • finish on Friday - trading end on Friday;

Trading time at the first Friday of the month:

  • to start on Friday - trading start;
  • finish on Friday - trading end.


Trading instructions

Set the EA operation time for the upcoming trading week. This will take 5-10 minutes:

  1. See the economic calendar for a date and time of news releases (CPI, central bank meetings and interest rates for EUR, USD and GBP);
  2. Set the EA operation time for the upcoming trading week:
    • CPI - do not trade at a news release day,
    • central bank meetings and interest rates - do not trade one day before and at a news releases days;
  3. The EA is ready to trade;
  4. Repeat steps 1-3 a week later.
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Version 1.5 - 2016.08.03
+ Added push notifications if the EA is about to enter the market
+ Added ability to trade if an account has third-party positions (opened by another EA or manually)
Version 1.3 - 2016.07.01
- Improved the algorithm of searching for market entry points. After closing positions, the EA evaluates the market conditions and makes a decision.