I would like to present you my Expert Advisor.
It has been created for trading on EURUSD H1. Entry signals are created based on Ross Hook.
Entry amount is set at 2,5% of the account equity, but can be changed if You are risk lover.
The exit point is determined by Hourly High Low indicator, day closing or Take profit.
During backtests I used program connected to data from ECN broker.
I also used Monte Carlo simulations. Monte Carlo simulation uses different problems variation, like randomized history data, slippage or spread, and implements it to the backtests.
Nevertheless, I advise you to optimize parameters every couple of months.
- Amount for a new position - size of a new position (in % of the account equity)
- Maximum position amount - total permitted occupation of all positions together
- Amount to add on addition - size of added position in percent after next signal in the same direction (not important in this EA)
- Amount to close on reduction - amount in percent which will be closed after an opposite signal (not important in this EA)
- Stop loss, Take Profit, Break Even, Martingale Multiplier should remain unchanged in this EA, but can be optimized by you from time to time
- Indicator parameters - all indicators have optimized parameters values for a period of the last year
- Expert magic number - ID of Expert Advisor