Market / MetaTrader 4 / Experts /

Amazing Indicators EA

300 USD

Author debarred from selling products

Demo downloaded: 169

Published: 8 May 2019

Current version: 1.1

Amazing Indicators EA

Experts
Susan Wanjiru
Version: 1.1
Updated: 10 May 2019
Activations: 7

The Amazing Indicator EA uses four proprietor indicators(two are visible).Three indicators determine the entry and the fourth (bands) determine bot the entry and exit. The bands are our invention and are different from bollinger bands and envelopes. They constrain the daily price range with a fair level of predictability. The bottom indicator is a simplified entry indicator that is both simple and extremely important which is the reason we have called this ea the amazing indicator EA. the indicator simply changes color once a day to eithey yellow or pink. Yellow for buy and pink for sell. It is so simple that. The ea also seeks confirmation from 12 bar patterns normally during the asian trading session. 12 is the number picked because many algos and high frequency EAs used by major institutions have a 12 bar constant embedded and this proves to be very fundamental and incereases predictability for breakup patterns.

We have described the trading methodology in the screenshots to increase transparency on the core principle of this ea. We also dont mind improving the trading knowledge of traders out there since we also learnt from others who were ahead of us. This will allow traders to eventually be able to use this ea and also be able to trade manually. However we see no reason for this as the ea will do the same thing and avoid mistakes commonly made by traders due to greed and fear. So we suggest you let the ea run with it. We recommend using fixed lot until capital is two or three times what youu invest. Then exponential lots can be made after this. If you practice discipline you might go further. Dont be greedy and grow slowly.

NB. During backtesting, you could use control points or open prices for faster testing. Results will not differ significantly from use of ticks model.This is due to the use of buy stops and sell stops.

Timeframe

The M5 timeframe is strongly recommended.

Currency

The ea works well with all currencies. However the major currencies are recommended as a start.

Risk management

Trend trading
no martingale
no hedging
no scalping
no news trading
no grid

Parameters

Fixed lot size - the EA will trade using fixed lot size defined here.
Fixed_lot - the lot size will be defined by the capital in the account
Increamental lot. a lot size equal to what you define here will be placed for exponential increase of lot.
Magic reference. unique number to be assigned to your trades
modify takeprofit and stoploss- if you wish to manage your tp sl levels, you can enable or disable this option

more...

8820

Aravind Kolanupaka 2020.05.06 21:31 #

Good

222

Crumsy 2019.05.11 09:37 #

Forward tests are matching back tests, money management tests well. 4 Stars for the moment after 1 month will revisit to adjust rating based on performance.

1.Determine the trend size based on the chart cycle. An uptrend near the highest price in a period of time. A trend down near the lowest price in a period of time. 2. short-term trends. Oversold and long; Overbought, short. 3. Unwind positions based on overbought and oversold and profit points. real-time signal： https://www.mql5.com/zh/signals/1538661?source=Site+Signals+My EA Settings： You need to load EA into the currency pair to trade (M15 time range). The best performing symbol : E

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Filter:

8820

Aravind Kolanupaka 2020.05.06 21:31 #

Good

2126

asaens15 2020.02.02 05:00 #

User didn't leave any comment to the rating

222

Crumsy 2019.05.11 09:37 #

Forward tests are matching back tests, money management tests well. 4 Stars for the moment after 1 month will revisit to adjust rating based on performance.

Version 1.1 2019.05.10

Update made to make special bands display sooner/instantaneously.