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TFE Price Action Levels

5

Price Action Levels is a automated Expert Advisor that can work as a Set and Forget EA.

The EA does NOT use grid, martingale, hedging, or any other toxic methods.

Price Action Levels uses algorithms to detect important levels of supply and demand and trades them when the levels are broken. The EA is capable of running multiple "waves". Each wave can be set individually by choosing a timeframe, indicator period, take profit and stop loss for each wave. By using different waves, the EA is capable to trade multiple signals on multiple timeframes from a single chart using less CPU and making it more suited for VPS.


Recommendations

  • Use on EURUSD H1.
  • The minimum recommended balance for the EA's use is $500.
  • Using VPS with low latency will significantly increase the EA's profit.
  • It is strongly recommended to use an ECN broker with low spread and 5 digits.
  • Broker that closes daily candles at 5 PM New York time (GMT +2 during Winter, with NY DST).

It is NOT recommended to risk more than 1% of the balance when multiple waves are used.


Parameters

  • Magic Number: unique EA Magic Number.
  • Money Management Type: fixed lot size or percent of balance.
  • Money Management Size: risk size for fixed lot or percent of balance.
  • Max Spread: maximum spread allowed.
  • NFP Ban: enable/disable protection during NFP news.
  • Slippage Protection: enable/disable slippage protection.
  • Rollover Protection: enable/disable close trades before NY brokers rollovers.
  • Use multiple waves?: Select yes to trade multiple waves.
  • Indicator TimeFrame: timeframe for each wave, example: 15,60,240 (M15, H1, H4).
  • Indicator Period: indicator period for each wave, example: 15,11,9.
  • Adjust Level: adjusting level (in points) for each wave, example: -20, -20, -20 pips.
  • Take Profit: TrailingStop start (in points) for each wave, example: 50,80,170.
  • Stoploss: Stop Loss (in points) for each wave, example: 150,190,190.
  • FridayCloseHour: Close pending orders at Friday at a specific hour.
  • MondayOpenHour: Start trading session at Monday at a specific hour.
  • Hours Allowed: Use each hour with comma, example: 4,5,6,10,11,12,13,15,16,17.
  • Indicator TimeFrame: Single wave parameter for a timeframe used.
  • Indicator Period: Single wave period for indicator.
  • Adjust Level: Adjust a pending order in pips of a single wave.
  • TakeProfit: TrailingStop start at specified value.
  • StopLoss: Stoploss used for a single wave.
  • Use single hour for optimization of trading sessions: Enable/disable for optimizing trading hours in backtest.
  • Optimization EX: Start:8 Step:1 End:19: Set the trading hours of the backtest.
Reviews 1
borisov201190
204
borisov201190 2018.04.16 12:33 
 

Running 1 month on live account with default settings on EURUSD & GBPUSD, 3 waves & 1% risk. Quite good, +5% total. Trades are quite rear (can be even 1 per week), but losses also not so often.

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3 experts in 1 expert Strategy based on price action Made specifically for the best forex currency pairs Can be used in the best time frame of the market at a very reasonable price This expert is basically 3 different experts. But we have combined these 3 experts in 1 expert so that you can use 3 experts at the lowest price. All three strategies are based on price action. But based on different trends. Long term, medium term and short term The price will increase by 100$ after every 10 p
One Inch Slap
Inrexea Limited
No Backtesting is allowed: (OIS IS NOT A HFT Strategy, Will not be violated by Prop firm rules) We don't rely on backtest results. The backtesting environment can't access our database to retrieve historical data. We aim to provide clarity to EA traders and not mislead them. The best approach is to monitor our signals. If you're wondering how to verify that it works with your broker, the response is the same: backtesting results alone don't prove effectiveness. "OIS" : The Final product of ours
Luna AI PRO
Profalgo Limited
4.5 (2)
Launch promo: Only 1 copies available at 399$ Final price: 2000$ There will be only a limited number of copies sold of this EA Luna AI is a very advanced night scalper and one of the best you can find on the market.  It was developed using years of experience in live trading with the mean-reverse strategy, and selected only the best pairs and techniques to be included in this EA. Since the EA is build upon existing technology that was developed over the years, the EA is very effective and has
Bonnitta EA
Ugochukwu Mobi
3.6 (20)
Bonnitta EA  is based on Pending Position strategy ( PPS ) and a very advanced secretive trading algorithm. The strategy of  Bonnitta EA  is a combination of a secretive custom indicator, Trendlines, Support & Resistance levels ( Price Action ) and most important secretive trading algorithm mentioned above. DON'T BUY AN EA WITHOUT ANY REAL MONEY TEST OF MORE THAN 3 MONTHS, IT TOOK ME MORE THAN 100 WEEKS(MORE THAN 2 YEARS) TO TEST BONNITTA EA ON REAL MONEY AND SEE THE RESULT ON THE LINK BELOW. B
SSX Titan TT MT4
Artem Minchuk
2.55 (11)
Delving deep into the sphere of finance and trading strategies, I decided to conduct a series of experiments, exploring approaches based on reinforcement learning as well as those operating without it. Applying these methods, I managed to formulate a nuanced conclusion, pivotal for understanding the significance of unique strategies in contemporary trading. Neural network advisors, despite showcasing impressive efficiency in the initial stages, proved to be highly unstable in the long run. Vario
TS Prop Firm MT4
Marzena Maria Szmit
5 (4)
TS Prop Firm MT4 has been prepared for Prop Trading Firms and Forex Brokers. TS Prop Firm EA is a version that support the EURUSD, XAUUSD and US30 . There are three risk levels to choose from: Low, Medium and High. This robot is also protected during important news , when high-impact news comes out, the robot doesn't open positions for 60 minutes before and 60 minutes after the important news. TS Prop Firm is available in one version for MetaTrader 4. If you click on my profile, you can find the
Buy it now for $259. The next price will be $349! PowerFul 1 Min Scalping System - Automatic Robot Scalper for Trade on the XAUUSD currency pair (the robot trades in other currency pairs, but gets the best results in gold). Recommended time periods M5 . The minimum initial balance is from $ 500. This robot automatically determines the points of price turning and sets several deferred orders in the likely future direction of the trend. If the price does not unfold in the right direction, the rob
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borisov201190
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borisov201190 2018.04.16 12:33 
 

Running 1 month on live account with default settings on EURUSD & GBPUSD, 3 waves & 1% risk. Quite good, +5% total. Trades are quite rear (can be even 1 per week), but losses also not so often.

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Version 1.4 2018.03.05
- New take profit algorithm