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Fake out strategy

60 USD

Demo downloaded: 106

Published: 27 March 2022

Current version: 1.2

Fake out strategy

Experts
Julian Gonzalez Conde
Julian Gonzalez Conde
Spain

988
Version: 1.2
Updated: 19 April 2022
Activations: 5

This expert advisor finds and operates the Fake out pattern, the search algorithm and its management can be adjusted from the Bot's configuration parameters.

Features:

- Designed to operate with any type of asset.

- It is possible to set the time range in which the expert advisor will operate.

- Trailing stop managed internally by the algorithm.

- Partial position closing (partial profit taking), when the price has moved in favour of the position.

- Take profit automatically adjusted by the algorithm, Stop loss adjustable by configuration parameters.

- Volume of each trade adjustable by parameters.

- The user can configure the expert advisor to trade without taking into account the exponential average.

- The user can configure the expert advisor to trade without partially closing trades (avoids partial profit taking).

Configuration parameters:

volume: Volume set for each trade.

ratioSL: Ratio SL/TP, a value of 0.5 would place the Stop loss at half the calculated Take profit distance (e.g. Take profit: 100 points --> Stop loss: 50 points).

magicNumber: Magic number.

startHour: Time from which the expert advisor starts trading.

endHour: Time from which the expert advisor stops trading.

emaPeriod: Period of the EMA (exponential moving average) used in the algorithm.

useEma: true --> uses the EMA in the algorithm, false --> trades without taking the EMA into account.

useClosePartial: true --> closes half of the trade when the price moves in favour and executes the trailing stop, false --> trades only with Take profit and Stop loss without closing trades partially.

I do not think it is realistic to post screenshots of the performance of the expert advisor, as this would vary depending on the parameters, assets, etc... Instead I recommend that you try the expert advisor yourself and determine whether it works properly.

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Fake out strategy

Julian Gonzalez Conde