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P S Technical Tradingbot

The underlying P.S.-Technical Trading bot is a computer program written in the MQL5 language. The P.S.-Technical Trading bot is a fully automated trading robot based on the two developed technical indicators, ADX and Parabolic SAR, developed by technical analyst Welles Wilder Jr.

If you want to learn more about this, I recommend the book "New Concepts in Technical Trading Systems" which was published in 1978.

In addition, the trading bot eliminates all too understandable emotions during trading.

Following a few quotes from Welles Wilder Jr.:

1. "Letting your emotions override your plan or system is the biggest cause of failure."

2."Some traders are born with an innate discipline. Most have to learn it the hard way."

3."If you can't deal with emotion, get out of trading."

All these problems are taken care of by the trading robot.


Product description:

The P.S.-Technical trading bot is based on a strategy developed by technical analyst Welles Wilder Jr. The P.S.-Technical Trading bot works with two indicators, the ADX and the Parabolic SAR.
Fully automatic trading 24/5. The EA works around the clock, fully automatic.
The P.S.-Technical trading bot was optimized once with real ticks with a modeling quality of 99.99 %.
Does not require a large initial deposit (1000 € or less sufficient)
Important: The recommended default setting is for EUR/USD M15. So if possible make sure you use the 15 min chart. The 10 min or 5 min chart would theoretically also be possible, but better trends can be derived mathematically from a longer chart duration, with which the P.S.-Technical tradingbot tends to work better.
The delay of a VPS server or virtual hosting should not exceed 15 ms.

How it works:

The P.S.-Technical trading bot uses the ADX indicator and the Parabolic SAR indicator to open a long position or a short position based on these trading signals.

The two indicators are used as an entry signal for opening a trade and determine when the trading bid opens a long position or a short position.

Explanation of the ADX indicator: The ADX measures trend strength. It therefore provides information on whether bulls or bears dominate a market. If the ADX is over 20, for example, then you usually have a trend. If the ADX, for example, has a value above 20 and there is now a crossing between the two lines DI+ and DI-, then this crossing has a force and indicates a possible upward trend.

If, for example, the ADX is over 20 and a crossing of the two lines D+ and D- takes place, this means an entry signal for the P.S.-Technical tradingbot. The first and the second parabolic SAR indicator points is also taken into account if it is below (bullish signal) or above (bearish signal) the candle. A buy position is only opened if both signals match, i.e. if, for example, there is a crossing between the lines D+ and D- and the SAR Parabolic indicator appears under the candle. Conversely, the same applies except that the P.S.-Technical trading bot opens a sell position in this case.

The P.S.-Technical trading bot therefore pays attention to a crossing between D+ and D- and D- and D+, if the ADX indicator is above your set value, and it also uses the signal of the Parabolic SAR indicator to strongly minimize false signals or sideways trends.


The P.S.-technical tradingbot is fully automated and the user can change the following input parameters:

  • ADX value setting used as threshold value for trends
  • ADX period setting
  • Adjustable lot size - a quantity that the EA will trade
  • Take Profit - in points for buy trade setting
  • Stop Loss - in points for buy setting
  • Trade comment buy trade setting
  • Take Profit - in points for sell trade setting
  • Stop Loss - in points for sell setting
  • Trade comment sell setting
  • EA Magic Number - used for trade identification

The money management is completely automated and you don't have to worry about anything after the first setup. Hint: use ADX period 27.

The P.S.-Technical trading bot is designed for both professionals and beginners. Furthermore, the chart of the asset is checked for the trading strategy and takes the trading decision away from you within seconds. You gain a lot of free time because you don't have to sit in front of the monitor all the time waiting for a favorable entry signal.

Please feel free to contact me if you have any further questions.

Best regards

Paul

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Andrej Nikitin
Description: Abigail is a medium-term trading system working on the price rollback. The Expert Advisor has been optimized for working on EURUSD. However, it can successfully work with other currency pairs as well. You can examine the Expert Advisor's trading statistics for different brokers and symbols at MetaTrader 4 and MetaTrader 5 Trading Signals sections. Parameters: Risk management: enter volume - market entry volume. If the value is greater than 0 - number of lots, if less than 0 - percen
1 200 USD
MT5Programmer Machine Plus
Clemencau Herge Nguepi
MT5Programmer_Machine_Plus is a powerful MT5 Expert Advisor working on 6 currencies pairs - EURUSD, EURGBP, GBPUSD, USDCAD, USDJPY and GBPCHF. It uses partial close feature to close positive trades as well as distribution between currency pairs to open positions. Live testing results can be found here: https://www.mql5.com/en/signals/43113 Deposit amount: $3 000 or more. Recommendation 1 If your account currency is USD, attach the EA to EURUSD chart only and close all other open charts If your a
1 200 USD
HiddenSpiderwebBasic
Vladimir Suschenko
HiddenSpiderwebBasic is the basic Expert Advisor version from a project of the "Hidden Spiderweb" series. All Expert Advisors of the series utilize the same underlying algorithm. The logic of the "Hidden Spiderweb" suggests that it is a virtual gridder. Does not use pending orders, the grid parameters are calculated and stored inside the EA, and then are implemented as orders of type TRADE_ACTION_DEAL. The difference of the EA from the most of the existing grid-strategies is in its key feature:
1 499 USD
Majorex
Samuel Oyeniyi
Majorex follows the daily trend. As the swings correct themselves the EA enters the trades at an optimal point. The algorithm used obeys the classical Elliot waves principle. Stoploss is based on a conservative 300 pips and trades are trailed on Parabolic SAR and Fibonacci targets. Results has been tested on EURUSD and USDCHF but suitable for any strongly trending pair. The primary indicators used are Zigzag with default settings, Bollinger Band with settings of 50 periods and 2 standard deviati
2 000 USD
Rallyx
Samuel Oyeniyi
Rallyx follows the daily trend. As the swings correct themselves the EA enters the trades at an optimal point. The algorithm used obeys the classical Elliot waves principle. Stoploss is based on a conservative 300 pips and trades are trailed on Parabolic SAR and Fibonacci targets. Results has been tested on EURUSD due to its advantageous liquidity and ten selected pairs but the EA is suitable for strongly trending pairs. The primary indicators used are Zigzag with default settings, Bollinger Ban
1 499 USD
Trend Watcher
Sergei Krupich
Using a proprietary algorithm, the system analyzes historic data to determine an anticipated direction of a trend. It also utilizes a combination of eight indicators and unique money management technique to place market orders. You may use this EA on any market instrument (hourly or daily charts). The indicators are similar to the ones publicly available, however they are slightly modified to fit the EA’s methodology. Inputs Test Mode: Set it to <False> when trading live. Set it to <True> when
1 300 USD
Eagle Scalper MT5
Yang Wu
A scalper system only work during Asian hours. Several unique indicators to detective the price fluctuation. Dynamic TP/SL level according to market conditions. Fixed stoploss to protect the capital, very low risk of losing a lot of money. No need to obtain SET files. The parameters are the same for each currency pair. It is optimized to work on EURAUD . It is recommended to use Eagle Scalper on M15 chart. It is recommended to run it on a real ECN broker with very low spread . It is recommended
5 000 USD
Gold Momentum Trend
Zhenyuan Liang
Gold Momentum Trend system is an efficient mechanical trading strategy with active position management, which is based on calculating the momentum of trend. It works on GOLD H4. Features No grid, no martingale. High recovery factor, high profit factor. No pending orders are placed: only market orders. Every order has stop loss. Active position management. Parameter AllowBuy - Allow buy position. AllowSell - Allow sell position. FixLot - Trading with fixed lots or fixed percent. FixLotKtr - Fixed
1 800 USD
Jack of all Trades MT5
Gelert Rajcanji
Jack of all Trades MT5 is an Expert Advisor for trading high market moves. This is a fully automated EA optimized for multicurrency EURUSD, EURGBP, GBPUSD, USDCAD, USDJPY. The EA can be used on any timeframe because the indicators are locked to M10. The EA uses MACD(7,21,4), MOMENTUM(11) and candlestick history for last 10 candles on M10 for creating a signal. Because the EA is locked on M10, the trades will open on the same spot, it does not matter, on which timeframe it is tested. The EA also
1 500 USD
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