FTSE Retractor trades FTSE UK Index (UK100) with stable positive results using the Relative Cyclicality indicator and a smart trading strategy that identifies the price retraction moments. FTSE Retractor includes a particular trading strategy obtaining a good capital efficiency with a low drawdown. FTSE Retractor is not using dangerous trading strategies as arbitrage, hedging, scalping, grid or martingale procedures. A specific stop-loss value protects each open trade, and a fixed take profit point is set for each trade. The allocated risk can be set by the user together with a capital exposure protection level. A stable Risk and Capital Management Strategy is recommended!
The promotional price of 333 $ is valid until the end of December 2022.
This EA is designed for a capital of 10000$ with accounts with 1:500 leverage; for this case, the risk involved can be set between 5% and 50%, at the user choice. The minimal functional capital is 1000$ for brokers with LOT_STEP=0.1; for this case the minimal risk is 50%. Better results are obtained in Raw type accounts with a variable spread. Using a low-latency VPS (under 120ms) can get better efficiency. FTSE Retractor is optimized ONLY for FTSE Index (UK100) and can be used on ANY TIMEFRAME with same results. The current version is optimized for market data after 01.01.2018 using the DEFAULT settings with an icmarkets Raw MT5 live account.
TradeMark - the comment mark for each open trade
Protection - the capital exposure protection level
RiskLevel - the maximal estimated capital risk level
StartHour - the hour when the trading will be started
StopHour - the hour when the trading will be stopped
MaximSpread - maximum value of the spread to trade
MagicNumber - the magic number of each open trade
TradeLong - to trade or not long trades (Buy-Sell)
TradeShort - to trade or not short trades (Sell-Buy)
AutoVolume - to activate automatic volume calculation
CustomVolume - to set a customised trading volume
This expert advisor does not guarantee a profit. Past performance does not guarantee future performance.
Any buyer will run the expert advisor with his own technical resources, with his own data, and with his own risk.
The expert advisor's author is not responsible for the results, and can not be held responsible for any eventual losses.
An updated version of MetaTrader 5 (MT5) is needed to run this EA with any brokerage company with a Lot_Step=0.1.
FTSE Retractor is sold only under the https://mql5.com internet site; any other place offering this software is a scam.