The parameters of the EA
- Lots=1 - trading volume
- Tp=50-fixed profit in points
- Sl=0-fixed loss in points (I recommend to leave the default value)
- Magic=111-unique number
- It works with any trading instrument.
- Fixed trading volume, no dangerous strategies such as martingale and averaging.
- For analysis, the EA uses a higher timeframe D1, which significantly increases the probability of making the right decisions when opening trading positions.
- Supports multi-currency trading mode. To do this, the EA must be installed on several charts with different trading symbols. The Magic parameter on each chart must also be unique.
Optimization of the EA
The default EA parameters are suitable for all pairs.
I recommend you to optimize only the Tp values from 1 to 500 with step of 1. The Sl parameter must be 0. After optimization, select the best value of the parameter with the lowest drawdown and the highest profit. Optimization is carried out for 1-3 months.
Recommendations for working with the Advisor
- To open a chart with the trading symbol
- To select the chart period to D1
- You can use the default parameters to set the EA on the chart and allow it to make trades
- If necessary, carry out the optimization and set the optimized settings