Skull Forex EA
Skull is a Forex Expert Advisor designed for EUR / USD using a 15 minute timeframe.
Skull is based on the Rsi indicator, reverse breakout of highs and lows for confirmation of the Rsi, a volatility filter based on the Bollinger Bands, a trend filter and % stoploss.
The results are excellent and the backtest from 2013 shows very good results.
It is possible to use a money management method (fixed fractional) and set it's intensity.
Skull parameters can be modified, but the preset parameters have been chosen with the intent of obtaining the maximum ratio between profitability and stability.
- lot = lot size (default: 1); --> only if money_management_on_off is inactive!
- magic_number = unique number for each chart (default: 19078);
- comment = order comment (default: "SKULL");
- rsi_period = period of Rsi indicator(default: 3);
- average = length of simple moving average for trend filter (default: 40);
- max_min = period of bars considered for the breakout level (default: 8);
- sl = stop loss, % (default: 0.006 = 0,6%);
- money_management_on_off = set to 1 for activate money management, set to 0 for deactivate money management (default: 1);
- money_management_intensity = more higher is this parameter, more higher will be the gain and the risk (default: 0.08);
Money Management Intensity
it's important to not set the value of money_management_intensity too much high.
0.01 - 0.03 --> conservative approach
0.04 - 0.07 --> normal approach
0.08 - higher -- > aggressive approach