Puria Advisor

5

The Expert Advisor follows Puria trading method. RSI is used for sorting out signals. Also, the EA implements the averaging function.


Trading strategy

  • Three Moving Average (МА) indicators combined with Moving Averages Convergence/Divergence (MACD) provide market entry signals. Sell as soon as First MA crosses Second MA and Third MA below and confirmation from MACD arrives (one bar has closed below the zero level).
  • The Relative Strength Index (RSI) indicator is used as the signal filter. If RSI is below 50, and three MAs combined with MACD provide a sell signal, a sell order is sent.
  • Market movement direction change. In case the market changes direction after an order is opened, a new buy order is opened.
  • Optimal profit level. In case more than one order is opened, the EA calculates the price level, after reaching which the profitable orders cover the unprofitable ones with a low profit percentage.


Inputs

The following list describes the input parameters of the EA that can be modified and optimized:

  • MAGIC (MAGIC number) - EA order ID;
  • Trade (Trade) - if FALSE, the EA opens no new orders after all existing ones are closed by TP or SL;
  • (ON Filter RSI) – if FALSE, RSI values are not taken into account;
  • Lots (Initial Lot Size) - order volume;
  • TakeProfit (Profit level (in points)) - take profit level;
  • StopLoss (Loss level (in points)) - stop loss level;
  • Step (Distance between orders (in points)) - minimum distance between orders;
  • MaxOrders (Maximum number of open orders) - maximum number of opened orders.

You can also adjust the parameters of Moving Average, Moving Averages Convergence/Divergence and Relative Strength Index, such as period, price type, offset and MA method.

Reviews 1
Pinhas Bibergal
280
Pinhas Bibergal 2020.12.30 10:48 
 

Great advisor! Finally something that's really working.

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The "Irisha" is an Expert Advisor, in which we attempted to implement the ability of trading on smaller timeframes (1-15 minutes). The main idea lies in opening frequent trades and in the ability to "cover" losing trades with profitable ones. However, we had to resort to the Martingale strategy to implement the idea. Due to this, it is recommended to have a large deposit and/or cent account for using this EA. Operation of the EA on a live account can be evaluated here: https://www.mql5.com/en/si
The "Karina" Expert Advisor trades based on the signals of the Several Moving Average indicator and "averaging" of the open orders. The signals are filtered based on the Relative Strength Index indicator. The TakeProfit(TP) level is set when opening the first deal. If the market reverses, new orders will be opened in the direction of the first order, followed by "covering" of losing orders with profitable ones. It is recommended to have a large deposit and/or cent account in order to use this EA
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Pinhas Bibergal
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Pinhas Bibergal 2020.12.30 10:48 
 

Great advisor! Finally something that's really working.

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