ArMoney
- Experts
- Versione: 1.1
- Aggiornato: 19 gennaio 2021
- Attivazioni: 5
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
---------------------------------------------------------------------------------
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)
-----------------------------------------------------------------------------------------------------
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
---------------------------------------------------------------------------------------------------
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
