Headstrong Free expert advisor is a trend scalper that uses the standard indicators such as Bbands, RSI, ADX, and Moving Averages. It has been developed for trade on EURUSD and USDJPY on M5 time frame. The strategy is simple: open sell trade in overbought zone when the trend is down, and vice versa open buy trade in oversold zone when the trend is up. The closing of trade is done by Take profit (in pips) or by ADX+RSI (stop loss is deliberately higher). Unlike the full version, Headstrong Free only open orders of 0.01 lot size.
Headstrong Free does not use dangerous strategies like martingale, grid, etc.
Works around the clock with default settings, only increase Max_Orders to 50 or more.
- Max_Spread - if the spread is above the value, no orders will be open.
- Max_Slippage - max slippage allowed for open trade.
- Stop_Loss - stop loss in pips.
- Take_Profit - take profit in pips.
- Fast_MA - value of the period to calculate Moving Average.
- Fast_MA Method - method of fast MA.
- Slow_MA - value of the period to calculate Moving Average.
- Slow_MA Method - method of slow MA.
- Max_Orders - max number of opened orders.
- Magic number - unique number to recognize orders.