This EA is based on established low volatility retracement patterns. Also, the EA has an optional money management system that can be turned off by setting Manager to 'false'.
- Works on all brokerages with 30 point spreads on average.
- Works on any account size.
- No martingale.
- No grid.
- Fixed stop loss.
- Deals are closed within 24 hours and before weekends.
- Built-in protection features.
The EA is suitable for hedging accounts and works on all brokerages with an average spread less than 30 Points.
Specifications and Settings
- Lots - 0.01/0.1 minimum (this is used if you do not intend to use money manager).
- Automated Lots Manager - automate lot sizing based on available margin on account and overrides the Lots setting.
- Free margin percentage for Manager (in percentage) - specify the percentage of free margin to be used by Automated Lots Management.
- Maximum Lotsize for Manager - maximum allowed lot size for trading.
Use on EURCHF and on Daily Period. Also, ensure there is a minimum of 300 bars of data for testing.
Although the risk of gaps/drawdown is significantly reduced with this strategy and performance is consistent, it is still wise to keep your exposure moderated.
- General improvements were made on algorithm.
- Added a chart panel for trade info.