Capital Waves
- Experts
- Versione: 1.10
Capital Waves is a Expert Advisor (EA) for MetaTrader 5, used for automatic trading on the GBP/USD currency pair on the 30-minute timeframe.
This strategy automates trading decisions based on technical indicators (RSI, Bears Power and Bollinger Bands) and applies strict risk management rules such as Stop Loss and Take Profit.
Main features:
Trading Parameters:
Transaction volume: 0.50 lots (fixed)
Stop Loss: 105 pips
Take Profit: 132 pips
Magic Number: 380255 (to identify transactions)
Indicators used:
a) RSI (Relative Strength Index):
Period: 11
Level: 60
b) Bears Power:
Period: 30
Level: 0
c) Bollinger Bands:
Period: 37
Deviation: 2.80
Trading logic:
1. Market entry:
For LONG (Buy) positions: Combine signals from RSI and Bears Power
For SHORT positions (Sell): Combines the same set of indicators but with opposite conditions
Do not open positions when there are conflicting signals (both long and short at the same time)
2. Market exit:
Use Bollinger Bands to determine when to close positions
Includes trailing stop system to protect profit
Has end-of-session force close mechanisms (if configured)
3. Risk management:
Fixed Stop Loss and Take Profit
Multiple checks for order execution (up to 4 attempts)
Validations for market conditions and trading context
4. Session Features:
It can work 24/7 or at specified time intervals
Configurable options for weekend trading
Ability to close positions at the end of the session
5. Technical aspects:
Code optimized for MetaTrader 5
Includes error handling and retries for failed orders
Normalization of prices according to broker requirements
Adaptive management of order fill types
This EA is designed for trading on the 30-minute timeframe (M30) and appears to be optimized for the GBPUSD market. It has a conservative approach to risk management, with a Take Profit/Stop Loss ratio of approximately 1.26 (132/105).
It is important to note that its performance will greatly depend on market conditions and parameter settings. As with any automated trading system, it should be thoroughly tested on historical data and a demo account before being used on a real account.
