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ArMoney

ArMoney is an automated Expert Advisor which uses Exponential Moving Average (EMA) and Average True Range  (ATR) indicators.

In case of unfavourable price movement, the EA automatically opens other trades up to a maximum number of trades set by the user. When a given profit is reached, all the trades are closed. Each opened trade has a stop loss to keep the maximum risk under control.

Price levels for trading signals, take profit and stop loss are computed as a function of ATR, so that the EA can adapt to the current market volatility. Users can modify the parameters with respect to their trading style (e.g. users may want to increase or reduce the frequency of the trades).

 

Set Up (Pairs, TimeFrame, Input Parameters)

The EA can work with any pair (and with any financial instruments) at any time frame. Backtesting showed that higher time frames (i.e. M30, H1, H4) give better results than lower ones.

Suggested pair are:

- EURUSD on M30 

- EURCHF on H1

- USDCAD on H1

- CADCHF on M30

- AUDCAD on M30

- AUDNZD on H1

- GBPCAD on H1

- GBPAUD on H1

- GBPNZD on H1

- NZDCAD on H1


for which default parameters have been optimized. Default parameters must be downloaded at following link:

https://www.dropbox.com/sh/kfi5a3bm98k15es/AACyq2_d9eX7cFSY5bSosD-za?dl=0


To achieve a great performance, we highly recommend the use of brokers with low spreads and fair commission. Here is the link to register at the broker that we could experience the Best Performance for this strategy:

https://myvip.avatrade.it/register/step1/1?tag=rf12018116


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Input Parameters Description


LotsCorrection - It is just for testing. In Live Trading it must be set to "False"

RiskPerc - Maximum Percentage of the equity user wants to risk at each operation (when all the trades are opened and result in a loss)

EmaPeriod – Number of periods on which EMA is computed

AtrPeriod – Number of periods on which ATR is computed

StartingLot – Number of lots of the first trade

MaxNumberOfTrades – Maximum number of trades for each operation (when market moves against you)

No_of_ATR_for_Buy_Sell_Signal – No. of ATR of a price movement required to generate a buy/sell signal (it has an effect on the frequency of the buy/sell signals)

No_of_ATR_for_Other_Trades – No. of ATR of a price movement required to open other trades within the same operation (it has an effect on profit and stop levels)

StartingHour –Hour before which positions cannot be opened (broker time). It must be between 0 and 23

EndingHour – Hour after which positions cannot be opened (broker time). It must be between 0 and 23

PairLeverage – Symbol leverage (e.g. 100 means that a leverage 1:100 is used)

Magic Number - It is used to identify the EA operations when multiple EAs run on the same pair

Slippage – Maximum slippage accepted for each trade (in Points)


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Limitations

No limitations on the broker and leverage. However, performances are sensitive to the spread (obviously the less the spread, the better)

Starting lots and maximum number of trades should be compatible with initial equity and risk percentage (user could not have enough funds and/or could have a loss greater than their risk percentage). If it is not possible to open the lots the user specified, the EA alerts them and automatically determines the maximum lots compatible with their equity and risk percentage, and then apply them. If the computed lots are lower than the minimum required for that symbol, no trade is opened


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For Further Information, visit our Telegram channel

https://t.me/joinchat/F_RlP9V5Ky2lg0IQ

 

Live Testing

In the first figure, the performances on a real account are reported (performances start from November 16th 2020 when this EA has been used for the first time for live trading)


Copy Signal based on ArMoney EA

https://www.mql5.com/en/signals/903968

https://www.mql5.com/en/signals/937720#!tab=account


BackTesting

Performances reported in the back-tests do not imply the EA will be profitable in the next months/years


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Mansour Babasafary
4.58 (38)
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ET9 New on the Market, Launch promo! Only a few copies left at: $599 Next price: $799 Final price: $1599 The Best  Expert Advisor  on   XAUUSD   any timeframes , It can also be used on GBPUSD at the same time! ET9  for MT4 Updated 4.20 !!   Important update:    Enable automatic closing of profits,  Various parameters of the ET1 strategy can be modified,   Optimized the stability of ET1 strategy Include Free  ET1 for MT4:  https://www.mql5.com/en/market/product/113219 Descriptions ET9 for MT4
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Olivier Nomblot
5 (2)
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Profalgo Limited
4.67 (3)
Promoción de lanzamiento: Solo 1 copias disponibles a 399$ Precio final: 2000$ Solo se venderá un número limitado de copias de este EA. Libere el poder de la inteligencia artificial y lleve sus operaciones a alturas sin precedentes con   Luna AI Pro EA   , el robot de operaciones "media inversa" más avanzado del mercado. Diseñado para atender tanto a operadores experimentados como a principiantes, este sistema de vanguardia impulsado por IA está equipado con una amplia gama de funciones para
AI NeuroX EA is an innovative trading advisor based on advanced artificial intelligence technologies, including neural networks and the Perplexity and GPT-4 platforms. This advisor has a unique ability to analyze and predict the dynamics of financial markets using deep learning and advanced algorithms. Thanks to the intuition that even the most experienced traders would envy, AI NeuroX EA is capable of developing unprecedented trading strategies, ensuring excellent performance. This advisor oper
Hello, my name is Alexander. I would like to introduce you to my new development, the Hercules AI advisor. The advisor is synthesis of Price Action Method and Artificial Intelligence technologies.  It doesn't use  any indicators. The EA works well on Gold  pair. The advisor has shown stable performance for more than 10 years. It does not use dangerous trading methods such as martingale, etc. All transactions are protected by take profit and stop loss. I tried to make the advisor as easy to insta
SouthEast is an expert advisor developed from my experience in manual trading that has been automated. SouthEast is specifically designed to generate maximum profits with small deposits by prioritizing the security of your funds. Why SouthEast? SouthEast does not require complicated settings and is easy to use because user only need to upload a set file that is already available. Currently there are set files for 20 fx pairs. The best GRID EA with the ability to control risks. I will share
Darwin Evolution MT4
Guillaume Duportal
4.83 (12)
Darwin Evolution !! 1490 USD a 990 USD Tiempo limitado (Oferta válida hasta la llegada de la siguiente actualización, no pierda tiempo) !!! No se puede hacer el respaldo de este EA, porque MT4 no maneja los multi-pares simultáneos. ¡Darwin necesita los 28 pares para el cálculo de los indicadores! Descripciones: - Comprender la operación, venga y lea el blog (este EA refleja mi filosofía del comercio de divisas ... Si te gusta mi camino para ver las cosas, entonces te gustará mi EA.
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This indicator computes two lines representing the price bar strength. Close, high and low of each bar are compared with the highest high and lowest low of the last N bars, where N is a parameter set by user. Two lines are computed, a red one and a green one, with values between 0 and 100. High values of the red line means that close is very far from the bar high, while high value of the green line means price  is very far from the bar low . The indicator provides alerts when red or green line a
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Versión 1.1 2021.01.19
Some minor bugs fixed