Directional Movement

Expert Advisor Overview and Advantages

  • The strategy is based on the support and resistance breakout principle;
  • The EA uses only Buy orders.
  • The EA always uses Take Profit and Stop Loss.
  • Multicurrency trading is supported.
  • Easy of use.
  • Wide choice of suitable currency pairs;
  • Minimum initial deposit.


Operation Principle

  • Based on the data of two indicators (the first is RSI with a period of 14, the second one is custom built-in indicator), the EA opens a buy order and sets the Take Profit and Stop Loss levels. They are never modified and remain in one place.
  • Orders are closed by the Take Profit and Stop Loss levels.
  • No more than one Buy order can be opened for each pair the EA is running on.


Recommendations

  • To start trading, drag the Expert Advisor onto the chart with recommended settings;
  • I recommend using the multicurrency trading option by launching the EA on required currency pairs, setting a new value to the Magic parameter for each pair.


Input parameters

  • Lot - the volume of market orders.
  • TakeProfit - the Take Profit value in chart points.
  • StopLoss - the Stop Loss value in chart points.
  • Magic - market order magic number.


Recommended values of parameters

  • Lot = 0.01;
  • TakeProfit = 0.002;
  • StopLoss = 0.002;
  • Magic = 1.
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EA Spectr is an automated professional multi-currency expert advisor that designed for long-term profitable trading. The EA continuously controls price movements and makes accurate trades based on market patterns, trend and technical indicators. The Ea contains a flexible news filter, high spread protection, separate time and days trading filters and allows to work with automatic and fixed trading lots. Each Ea trade is covered by stop loss and take profit levels. The EA does not use grid, mart
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