I LOVE FOREX
The I LOVE FOREX EA is a very simple expert system that works with ZigZag Stairs Indicator and using breakout strategy. It only opens trade when market actually breakout. It opens maximum 2 trades (1 buy and 1 sell if one of those does not close). It is very easy to use, does not need any complicated settings, just add it to a chart and it will run like clockwork for you. You can trade or test it on XAUUSD because we created this EA for this pair, but you can also trade or test FX, or any other currency pairs with changing parameters in order to get best result as you like. It is desirable to make backtest and demo test before running it on a real account.
The I LOVE FOREX EA uses no martingale, no hedging, no grid. It always uses stop loss to protect your money. We created and developed I LOVE FOREX EA to work on H1 charts, also it must trade on XAUUSD, if you want to get very high profit from this EA. It is recommended to use a low spread broker and a VPS. 1:100 leverage or more is good. If you have a micro account, you can start using it with $20 only (Spead 16-36). Recommended time frame: H1
Please send the author a private message to get support or help, or anything else.
Important Parameters. Please don't change them until you know what you do.
- Min_Equity: 20 usd Minimum Equity: 20 usd if leverage = 1:100 it can trade 0.01 lot of XAUUSD.
- Min_Leverage: 1:100 Minimum leverage: at least 1:100.
- MaxSpread: 100 If spread widen >=100 EA will delete pending orders.
- Risk: 5% Max risk per trade: 5% balance.
- Breakeven:True True: Break even is active; False: inactive.
- Breakevenlevel: 40 (>= Stop Level+10) When profit is equal 40 it will move stoploss to open price, if we choose higher we will have higher risk and higher chance to get more profit because it will be more difficult to hit stoploss). If Stop Level of brokers is 50 you should choose Breakeven Level : 50+10=60, but as often Stop Level of Broker is zero you should choose 40.
- Use trailing: True True: Trailing stop is active; False: inactive.
- Trailing stop: 100 When profit is equal 100 it will begin to trail.
- Distance of top/bottom and Order Open Price: 50. Eg: Peak of ZigZag Stair Indicator is 1190.00, it will put buy stop at 1190.50 and vice versa with sell stop.
- EndHour: 23 When Server time is >=23, EA will not put pending orders and no trade.
- Lotvar: 1: Autolot and lot=free equity* risk/stoploss; Lotvar=0, lot = FixLot.
- FixLot: 0.01 Fixed lot = 0.01) you can correct this parameter as you like.
- ZigZag: 50 Means ZigZag Indicator (50,5,3) We can correct from 5-50, the lower zigzag the shorter term , EA will open trades more but less exactly.
- ExtBU = 10: When profit is equal "BULevel" it will move stoploss to open price +/- ExtBU) it means that we have profit at least = ExtBU (in points).
- BackStep = 100, When Price returns at least 100 (in points), Stop Orders(Buy Stop/Sell Stop) will open.
- Open more trades, better results.
- Fixed error when changing to trade GOLD).
Fixed stop loss error