Serious Trader

Serious Trader is a rule-based Expert Advisor for MetaTrader 4, built for EURUSD on the M15 timeframe.

How it works

The EA evaluates closed bars only and opens one position at a time.

  • Entry: three conditions must agree. Williams' Percent Range (period 10) crosses its level (-49.5 for buys, -50.5 for sells), ADX (period 27) is falling, and ATR (period 6) turns down.
  • Exit: a trailing Stop Loss and a fixed Take Profit, plus an early exit when DeMarker (period 63) crosses below 0.33 (closes a buy) or above 0.67 (closes a sell).

Default settings

  • Symbol / timeframe: EURUSD, M15
  • Entry lots: 0.10 (fixed)
  • Trailing Stop Loss: 180 pips, Take Profit: 151 pips
  • Magic Number: 61839904

Inputs

Entry_Amount, Stop_Loss, Take_Profit, Ind0Param0-1 (Williams' %R period, level), Ind1Param0-1 (ADX period, level), Ind2Param0-1 (ATR period, level), Ind3Param0-1 (DeMarker period, level), Magic_Number.

What it does not do

No martingale, no grid, no averaging, no news filter, no DLL.

Before you use it

Download full EURUSD M15 history and test the EA in the Strategy Tester with "Every tick" modelling and your broker's spread, then on a demo account. Results on other periods and brokers will differ from the period the parameters were fitted on.

Risk notice

Trading Forex involves risk of loss. Strategy Tester results are simulations and do not represent live trading or future performance.

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4 (3)
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4.63 (43)
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3 (2)
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5 (20)
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