This Expert advisor built by Sami Saydam. It is considering the hit and run strategy using the optimal Trailing order in each trade. The trade is under 30 minute chart period and it is started by a compilation between invented indicator called Dynamical support and resistance levels (The red lines) which is owned and invented by Sami Sayam in 2010, copy righted number 316009 and the special set of Commodity Channel Index indicator.
The perfect settings are what it shown in the EA after the download, the good thing in this EA is giving you 2 ways of trading the NASDAQ100, first is the fully automated trading without interrupting any of its trades. The second is to set up the Trailing order to 0 and the the stop lose order to 7000 and you interface the trades manually by using your own analysis to hunt your profits and so on. Both are safe in trades but I recommend to use the new version 2.20 setting as it is but just add your leverage from 1 to 40 as maximum as higher in risk but still safe. I recommend to make back test strategy with your broker current spreads and see to how much higher in leverage use 1 up to ? your trades can sustain then you choose the fit leverage number to use.
For example; you can set up your trading leverage from 1:1 up to 1:40, but most of the Forex brokers are giving 1:24 as maximum to trade the Nasdaq 100 in CFDs either Cash or futures. You can choose the LeverageUse = True which is to keep using the added equity from new profits or deducting it from lose in to new trades and so on. Set up the MaxLeverageToUse = 1 up to 24 in leverage use. 1 is 1:1, 24 is 1:24 and so on. Also, you can keep the LeverageUse = False just to use the number of fixed lots in each trade to operate the EA without adding any profits or lose in to any new trade. So you can set up FixedLot = 0.01, 0.02, 0.03 or 0.2 or 0.9 or 1.0 or 2.0 or 30.0 or up to 100. Always better to keep LotSize = 1. Off-Course you can make it less or more but it will change the value of your basic lot size. If you want to trade with 1:1 leverage and keep adding the new profits or lose to the new trades, then set up the LeverageUse = true and set up the MaxLeverageToUse = 1 only. That is the highest risk management you can reach to your capital. This is the Islamic methods in trading without using any leverage in all trades; 1:1 only.
The optimal StopLoss is 7000 pips in Nasdaq which is fit to this EA. Also the TrailStart is set to 900 pips to start working to collect the profit, it is designed not to act as stop lose in this EA therefore, it is safe tool in this EA. Also you can set it up to false and watch your trades so you can collect manually more extra pips than by the trailer order because the trading strategy combination is strong in this EA. See the video
Live trading performance on Myfxbook will be soon:
You can test new version 2.20 by using your strategy tester tool, I have chosen the best settings on this EA Nasdaq11.
The function CloseOnOppositeSignal is better to be false because open trades can return back to a profitable direction later on while the EA is opening new trades, this function is helping to any lose trades in your trading statement. Off-Course you can set it to true to close all the trades in lose or profit when the EA is deciding to start opposite trades' direction. But I recommend to be false.
This EA can be used on SP500 and the US30 or the DOWJONES but the best performance will be on NASDAQ 100 Cash or USNDX.CASH then the NASDAQ 100 futures instruments which I recommending them to trade with this EA and its settings.
You will see the trading view screening case on the chart to the right when the trades are open, if you wish to cancel this view, just reduce the number of the FontSize to less than 6.
Any questions, please share it in your comments.