Dax Pro 1
Machine learning based strategy. A signal comes from the combination of "conditions" of 5 popular indicators:
- Parabolic SAR
- Exponential Moving Averages
- Relative Strength Index
- Stochastic Oscillator
- MACD Oscillator
Indicators have conditions like "price under EMA" or "RSI above 80" and these conditions tested with millions of combinations, machine learning choosed the best fit.
Market participants often get in too early and exit too late. That's the sweet spot that this strategy exploits.
The bot operates with 2-3 orders for any given trade. 2 if movement continues in the desired direction, 3 if it goes against the direction of the trade.
Long and short signals are different, short trades occur more frequent.
The bot is best used on Dax30 M5 but can be used in other timeframes and underlyings, which you can see on the third screenshot.
Add this Bot to your Portfolio if:
- You believe in behavioural machine-based approach (based on human psychology)
- You are investing for a time horizon more than 6 months
- You need a stable strategy in your portfolio
Close at the end of the week:
Positions are closed at the end of the week but held overnight during the week.
We're using fixed account currency or a certain riskpercentage. Because the bot can take up to 3 positions it will have a wider stop in the beginning; the second and third entry lower the stopdistance (all stops are always on one level) so that the risk is always the same in any given situation.
Parameters for the Bot:
ATR Multiplier (3.6): This is the ATR Multiplier to set the Stop and also to set entry distances for the next two partial orders.
RR Multiplier (0.75): Risk Reward Setting. Notice, that this bot is based on Hitrate, not Risk Reward. Also because exits are considered every 5-minute bar close it can be that we're getting a better exit than 0.75 or something below (only the High/Low has to go over the RR Multiple).
Risk in Percent (1.0): Riskpercentage of the Accountbalance to invest per Trade. 1.0 = 1% of the account.
Risk in Currency (0.0): Risk in Accountcurrency. F.e. 100.0 = 100$ if you're using a Dollaraccount. Notice that both options cannot be active at the same time. Either Riskpercentage or Riskcurrency.
Notify by Push (off): Activates Notification via Push-Message to your Metaquotes ID (which can be received on your smartphone app with a sound)
Notify by Mail (off): Activates Mail Notification for Trade Entries. (Email must be set further down)
Notify by Alert (off): Activates Alert Notification which will trigger a sound on your MT4 desktop installation
Address for Mail Notification (email@example.com): self explanatory
Hour to start trading (9): Should be set because brokers can have different times. For the dax 9 means, for most london based brokers, that trading will start on 8:00 EUREX opening.
Hour to end trading (22): At this hour and after trading will be disabled.
Write Results to File (off): When you turn this on, there will be an entry in a csv file in the format: [OrderOpenTime,OrderCloseTime,Symbol,Strategy,Riskpoints,Lots,Tickvalue,Margin,Riskpercent,Percentagegain]. Can be generated from backtest and in live mode. For more informations watch the end of the video above.
Here you can setup the magic identfier used for this ea. Should not be the same as with other experts, so check that before running multiple EA's.
I hope you enjoy this product. If you have any questsions, just send me a PN I'm always there to help ;)