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Endeavor EA Free

Endeavor EA Free is a free version of the Endeavor EA.

It does not use indicators. It trades the strategy based on trading by hours and the breakout of support and resistance levels.

Logic of the EA: it trades during the active phases of the Asian, European and American sessions and allows you to capture almost all the daily trend. It analyzes the history and places pending orders to follow the market direction in case of a breakout. The EA provides the options to close orders by profit or by time. When the price moves in the favorable direction, a trailing stop by the last bars in activated, moving the stop loss. As a result, the order is closed either by a stop loss, by a take profit or by time. Untriggered orders are deleted.

The EA does NOT use: arbitrage, hedging, martingale, grid strategies, etc.

The EA has a built-in system of price history analysis, trailing stop.

The EA always uses Stop Loss and Take Profit to protect the deposit.

There are no periods of stagnation.

The EA does not depend on spread or broker and can be tested in the strategy tester even using Open prices.


Requirements:

  • Endeavor EA is optimized to run on GBPUSD, EURUSD, USDJPY;
  • Timeframe: M15.
  • Minimum deposit: $200.
  • Account type: any.

The default settings of the EA are designed for USDJPY M15.

IMPORTANT: The free version allows for only a fixed minimum lot size.


Parameters

  • MAGIC - magic number for the EA's orders.
  • Take Profit (in points) - fixed take profit value (in points starting from 0).
  • Hour to set orders - hour to place orders.
  • Hour to set orders - hour to place orders.
  • Hour to delete pending orders - hour to delete pending orders.
  • Minute to delete pending orders - minute to delete pending orders.
  • Hour to close open positions - hour to close open positions.
  • Minute to close open positions - minute to close open positions.
  • How many bars to analyze before placing orders - the number of bars to analyze before placing orders.
  • Trailing stop (true - On, false - Turn off) - use trailing stop (true - enable, false - disable).
  • Trailing size (in points) - fixed trailing stop value (in points).
  • The trailing step - step of the trailing stop.
  • Price slippage - price slippage.
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Version 2.0 - 2018.07.19
Added optimization based on order opening/closing time.