Expert advisor trend follower based on the indicator of the same name. It work on any currency pairs,but performs on EURUSD M5. The EA uses Take Profit and Stop Loss.
Stop Loss is intended in deposit currency not in pips. Average positions are opened when the market goes in the opposite direction but all closed at the maximum loss entered or take profit hit. Default setting are optimized by "Forward Test" from 2014 to 2020 and has the right compromise between initial lot and max loss but each one can modify according to their own risk propensity.
Currency Pair: EURUSD
Minimum Deposit: 1000€ for each 0.1 (2000€ recommended)
Leverage : 1:400
- Start_Hour/End_Hour = Trading Hour GMT +1
- Lot = Fixed Lot Size
- Take_Profit = Take Profit in pips
- Pips_away = Minimum distance between order (Must be a negative number)
- Volume_to_add_Percent = Volume to add expressed as a percentage
- Max_Loss_Money = Max loss in deposit currency (Must be a negative number)
Attention: if a different lot is used, the expert advisor must be re-optimized
Remember!!! Past performance is no guarantee of future success.