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Wyvern

This automatic trading advisor is great for both professional traders and beginners. The strategy of his work is quite simple. The basis of trading is the breakdown strategy of candlestick shadows on daily charts of volatile pairs such as EURUSD, GBPUSD, etc.

The EA does NOT apply in trading:

  • Martingale
  • Order network(Grid)
  • Averaging
  • Hedging
  • Scalping

And other high-risk trading styles. The system is always protected by a fixed Stop Loss and works only with the fixed Lot.

EA Parameters

  • Magic Number — The magic number that the EA assigns to its orders.
  • Lot — fixed work lot.
  • Stop Loss Type — Installation Type Stop Loss. Manual and Auto. When Auto is set at the size of the shadow of the candle.
  • Stop Loss in points — Stop Loss in points in Manual mode.
  • % of shadow's bar — Percentage of the size of the candle shadow in Auto mode.
  • Take Profit Type — Installation Type Take Profit. Manual and Auto. When Auto is set at the size of the shadow of the candle.
  • Take Profit in points — Take Profit in points in Manual mode.
  • % of shadow's bar — Percentage of the size of the candle shadow in Auto mode.
  • Use Breakeven — Use breakeven mode.
  • Breakeven Start in points — The amount of profit in points when breakeven is activated.
  • Breakeven Value in points — The value of the transfer of Stop Loss in points came when activated Breakeven.
  • Slippage in points — Slippage in points.

Recommendations

  • For trade use highly volatile currency pairs. Best results on EURUSD.
  • Recommended leverage from 1: 300.
  • Recommended trading lot at the rate of not more than 5% of the deposit.
  • Deposit from $ 200.
  • The smallest possible spread.
  • Strategies implies a working timeframe D1. But you can use other senior timeframes as you wish.
The EA does not depend on the trading mode (demo/real), in both cases the trading is the same. For different brokers, trading may vary slightly due to differences in quotes, spreads, swaps and commissions.


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