Morning and Evening Star Pro
- Experts
- Dzmitry Kurylenka
- Versione: 1.3
- Attivazioni: 5
A Reversal Strategy Based on Candlestick Patterns with Intelligent Money Management
Strategy Description
The "Morning & Evening Star Pro" Expert Advisor automatically detects strong reversal signals on the chart using the classic candlestick patterns "Morning Star" (bullish reversal) and "Evening Star" (bearish reversal).
Key Advantages:
✅ High Accuracy – Filtering via RSI and trend (SMA 200)
✅ Risk Management – Automatic lot sizing based on risk percentage
✅ Market Adaptability – Works on any asset (Forex, stocks, indices)
✅ False Signal Protection – Strict entry conditions
✅ Tester Support – Optimized for backtesting
✅ Proven Strategy – Default settings optimized for EURUSD on H4 timeframe, tested on historical data from 2020–2024
Input Parameters
1. Trading Settings
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RiskPercent (2.0) – Risk percentage per trade (recommended: 0.5–2%)
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UseMoneyManagement (true) – Enable automatic lot calculation
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FixedLotSize (0.1) – Fixed lot size (if money management is disabled)
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StopLoss (800) – Stop loss in points
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TakeProfit (100) – Take profit in points
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MagicNumber (12345) – Unique EA identifier
2. RSI Filter
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UseRSIFilter (true) – Enable RSI filtering
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RSIPeriod (14) – RSI indicator period
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RSIOverbought (60) – Overbought level for sell signals
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RSIOversold (40) – Oversold level for buy signals
3. Trend Filter (Moving Average)
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UseTrendFilter (true) – Consider price position relative to SMA
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MAPeriod (200) – Moving average period
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MAMethod (MODE_EMA) – Calculation method (SMA/EMA)
How the EA Works
1️⃣ Identifies Patterns:
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"Morning Star" – After a downtrend
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"Evening Star" – After an uptrend
2️⃣ Filters Signals:
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Checks RSI (overbought/oversold conditions)
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Compares price to 200 SMA (trend filter)
3️⃣ Calculates Lot Size:
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Formula: Lot = (Balance × Risk%) / (Stop Loss × Point Value)
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Or uses a fixed lot size
4️⃣ Opens a Trade with specified Stop Loss and Take Profit.
Usage Recommendations
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Timeframes: H4, D1 (most stable signals)
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Instruments: Any (requires optimization)
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Deposit: From $100 (with 1% risk per trade)
