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Alternative

Alternative is a unique fully automated Expert Advisor. The system is based on the author’s Price Action strategy, according to which the signal for opening a deal is Impulse, calculated as the deviation of the candle size from the average volatility of the trading channel. In addition, the indicators used ATR and RSI, which are filters of fake signals.

Alternative is designed to work exclusively on those trading tools that are trend and most suitable for this type of trading. Among the supported currency pairs:

  • M15: EURAUD, EURUSD, GBPUSD, NZDUSD, USDCHF
  • M30: EURAUD, EURUSD, GBPUSD, NZDUSD, USDCHF
  • H1: EURAUD, EURUSD, GBPUSD, NZDUSD, USDCHF
Alternative Price Action v.1.0 Presets: Download >>
When developing this advisor, the task was set to simplify it as much as possible to avoid the possibility of overfitting, and to make all input parameters open for users to be independently optimized.

Despite the stable results of some of the pairs in the strategy tester, they were excluded from the final set due to unstable results in real trading.

Alternative is a long-term investment strategy, which have a stable perfomance ot all market cicles. The system is recommended to use ECN or STP accounts with an initial balance size of $1000.


Parameters

  • Comment
  • Magic Number
  • Max Spread        
  • Slippage                  

  • Money Management Type
  • Fixed lot
  • Percent of Loss
  • Money Management
  • Channel Timeframe to count Impulse
  • Channel Period to count Impulse 
  • Channel Multiplier: Fibonacci Level 
  • Main Channel Period

  • Max Number of Orders
  • Max Stop Loss (pips)                            
  • Take Profit: Fibonacci Level for the first order     
  • Trailing Stop: Fibonacci Level for the first order

  • Max ATR: Period of ATR indicator
  • Max ATR: Number of bars to calculate max ATR 
  • ATR Muliplier 
  • ATR Period
  • RSI Period
  • RSI UP Level

  • Monday - True - Trade at Monday
  • Tuesday - True - Trade at Tuesday
  • Wednesday - True - Trade at Wednesday
  • Thursday - True - Trade at Thursday
  • Friday - True - Trade at Friday

  • First Start Hour 
  • First End Hour 
  • Second Start Hour 
  • Second End Hour

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