Market / MetaTrader 4 / Experts /

Europa

FREE

Published: 16 March 2021

Current version: 2.33

Europa

Experts
Todd Terence Bates
Todd Terence Bates
Developer & Trader at abispa

Australia

11032
3.5 (6)
Trading with Expert Advisors since 2012.
Creating Expert Advisors since late 2017.

Thanks

6 products 7 comments
Version: 2.33
Updated: 8 April 2021

This Expert advisor has been designed specifically for the EURUSD H1 Foreign Exchange(FX) market to open, monitor, modify and adjusts orders automatically 24/5.

Trading with clear and comprehensive entry and exit rules.

There is no need to adjust any parameters, simply assign a unique MagicNumber and designated mmLots per trade and GO!

The system logic is based on technical analysis.

Every Trade has a fixed Take Profit and Stop Loss set from execution.

Europa utilizes the Keltner Channel in combination with RSI.
Pending orders are set with BUY or SELL STOP which are continually modified according to market conditions through the Bolinger Band Width Ratio(This indicator is an executable indicator built into the Europa, there is no need to download any further indicators to function).

A trailing stop is adjusted through the Average True Range (ATR) measuring the volatility in the market and helping to lock in pips.

Default Parameters

Assign your own MagicNumber and mmLots prior to trading on a live account.

The values can be changed, it is recommended to keep the Default Parameters.

Variable	Default Value	Comment
MagicNumber	112163	Unique identifying number allocated to Expert Advisors for executions and management of trades. Each chart is to be assigned an individual Magic Number


smm		-------Money Management - Fixed Size-------
mmLots	0.05	Size to open trade in lots.


cat1		----------- External Parameter Options -----------
KCerPeriod	20	Keltner Channel Period
RSIPeriod	20	Relative Strength Period


seof		-------Exit On Friday-------
ExitOnFriday	False	If true - Close all positions on Friday
FridayExitTime	22:00	Time of day

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A ratio between 0 and 1 with the higher values representing a more efficient or trending market, It is used in the calculation of Perry J. Kaufman Adaptive Moving Average (KAMA), dividing the price change over a period by the absolute sum of the price movements that occurred to achieve that change. The Fractal Efficiency or also known as Efficiency Ratio was first published by Perry J. Kaufman in his book ‘Smarter Trading‘. This is mostly considered a filter for volatile markets none the less

FractalEfficiencyIndicator A ratio between 0 and 1 with the higher values representing a more efficient or trending market, It is used in the calculation of Perry J. Kaufman Adaptive Moving Average (KAMA), dividing the price change over a period by the absolute sum of the price movements that occurred to achieve that change. The Fractal Efficiency or also known as Efficiency Ratio was first published by Perry J. Kaufman in his book ‘Smarter Trading‘. This is mostly considered a filter for v

Kusama is an automated trading system that uses and candlestick patterns in combination with Standard Deviation calculations to open and close trades. This Expert Advisor is designed specifically for the USDJPY H1 Foreign Exchange(FX) market to open, monitor, modify and adjust orders automatically. Entry signals utilize Shooting Star Candlestick patterns and Hammer Candlestick patterns . Long Exit Signals work on the Bearish Engulfing Candlestick patterns in combination with Standard Deviati

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Todd Terence Bates