This system uses tops and bottoms to place Buystop/Sellstop orders witha a small Stoploss and if the order isn't closed by the Stop, it continues to ride the Trend until it's closed by an implemented indicator . It also has a Lot management system included which is correctly calculated for accounts in USD .
It is recomended that you trade with a low-spread broker because the system uses small stops and of course , if the spread is larger, you must also increase the StopLoss , which leads to a
This system is a long term scalper with a 200 Point profit target . It opens an order following the direction of the price movement after a trading level is breached and the breach is large , following the momentum of the price movement . The order is closed using Macd indicator if it isn't closed with profit . Please keep the risk down and don't risk more than 0.1 lots per 1000 USD of the account equity , because it may get to a 35% floating loss or drawdown using this setting .
This is a simple but potentialy effective if used right , based on trades opened if gaps occur between candles in reverse sense of price movement with TakeProfit set at 100 Points and Stop managed by Macd indicator. Works best on EUR/USD of course and GPB/USD , Timeframe H1 . It also has Trailstop function if you want to try other settings for the parameters and Magic Number to differentiate orders from other EA's .
Backtest may not guarantee future results , losses may occur , so trade