Forex Envelopes EURUSD
- Forex Envelopes Expert Advisor uses a special algorithm with the Envelopes and Stochastic indicators to open positions and the Alligator oscillator to close.
- All indicators are manually customizable.
- This EA has a protection function in that the EA is not allowed to open positions above a spread to be set. Also there is a equity protection you can set.
- Furthermore, you can set at what times the EA should only be active.
- In addition, you can set the EA to close all positions below a certain equity. Stop Loss and Take Profit can also be set for each trade.
- It is recommended to use accounts with five-digit quotes and moderate spread.
- Use Fix Lot size or AutoLot Calculation based on Account Equity.
The Logic behind the EA
Open Long position at Bar Open when
- The bar opens below Lower Band after opening above it
- Stochastic rises
Close a long position at Bar Open when
- The Lips crosses the Teeth downward
- Hit Take Profit or Stop Loss
Open Short position at Bar Open when
- The bar opens above Upper Band after opening below it
- Stochastic falls
Close a Short position at Bar Open when
- The Lips crosses the Teeth upward
- Hit Take Profit or Stop Loss
- Use on several accounts is possible
- Best result in EURUSD H1
- Works with 4-5 digits brokers
- Money management (Stop Loss, Take Profit, Maximum Spread, Minimum Equity) is adjustable
- Trading times are adjustable
- Best Timeframe: H1
- Symbols: EURUSD
- Minimum deposit: $500
Manual adjustment possibilities
- Magic Number
- Entry Lots
- Minimum Equity to Stop the EA
- Stop loss
- Take profit
- Maximum spread protection
- Minimum Equity Stop
- Auto lot calculation
- Fixed lot possibility
- Sunday open time
- Sunday close time
- Monday-Thursday open time
- Monday-Thursday close time
- Friday open time
- Friday close time
- Ignore Sunday trading
- Close trades after session close
- Close trades at Friday close
- Magic Number - You can change Magic Number.
- Entry Percent - Your entry risk based on your equity value.
- Maximum Lots - Your Maximum Lot size value when using Entry percent.
- useFixedLot - Use Fixed Lot instead of AutoLot.
- Entry Lots - Your Lot size value.
- Use Spread Protection - Select if you want to use maximum spread protection.
- Maximum Spread (points) - Maximum allowed spread to open a position.
- Use Minimum Equity - Select if you want to use Equity Protection.
- Minimum Equity - Stop opening new trades, close all trades and disable the EA when equity is below X amount.
- Sunday Open - start trading time on Sunday. Enter time in seconds when the EA starts opening positions on Sundays.
- Sunday Close - end trading time on Sunday. Enter time in seconds when the EA stops opening positions on Sundays.
- Monday-Thursday Open - start trading time on Monday-Thursday. Enter time in seconds when the EA starts opening positions on Monday-Thursday
- Monday-Thursday Close - end trading time on Monday-Thursday. Enter time in seconds when the EA stops opening positions between Monday-Thursday.
- Friday Open - start trading time on Friday. Enter time in seconds when the EA starts opening positions on Friday.
- Friday Close - end trading time on Friday. Enter time in seconds when the EA stops opening positions on Friday.
- Ignore Sunday - Select if the EA should trade on Sundays, true/false.
- Close at session Close - Close all positions after a session, true/false. Time you have setup before.
- Close at friday Close - the EA will close all positions at the end of Friday session.
Indicators for opening a Position
- Period - Indicator's Period value
- Deviation % - Indicator's Deviation value in %
- %K Period - Indicator's %K Period value
- %D Period - Indicator's %D Period value
- Slowing - Indicator's Slowing value
- Level - Indicator's Level value
Indicators for closing a Position
- Jaws Period - Indicator's Jaws Period value
- Jaws Shift - Indicator's Jaws Shift value
- Teeth Period - Indicator's Teeth period value
- Teeth Shift - Indicator's Teeth Shift value
- Lips Period - Indicator's Lips Period value
- Lips Shift - Indicator's Lips Shift value