This EA combines the ingenuity of the human mind with the speed of a computer.
This Advisor is about as close as you are likely to get to having a professional trader with a sharp mind and a steady hand looking after your account.
The biggest advantage with this EA is it's independence from market sentiment, the trading logic is designed to deal with all situations now and into the future, ranging, trending, busy, quiet, volatile, it doesn't matter it quietly goes about it's business aiming for an average of around 10 profitable trades per day. Obviously a busy market will result in more trades which is what we prefer.
FOREX TRADING INVOLVES RISK AND SHOULD ONLY BE UNDERTAKEN BY PERSONS WHO UNDERSTAND THIS RISK.
Twenty eight pairs are examined for transient anomalies in pricing, this requires speed and agility, perfect for a computer.
The main trading principal leans towards the use of mean reversion combined with divergence to find short term exhaustion points.
Wide fixed TP and SL are placed with each trade, however 99% of trades are closed dynamically with tight stops and predetermined profit.
Forward testing shows the strategy can be profitable with fixed lots, but works very well with Auto Lots without being excessively risky.
The EA places trades with it's own magic number, reducing interference with other EA's, we still prefer to run it on it's own.
There is no learning curve required from the user, simply adjust the lot size and match the step increments in inputs and place on any H1 chart.
The Back Testing algorithm uses the same basic principal used by the EA in multicurrency mode, then applies it to the chart currency.
Back Testing on a single currency introduces serious limitations and produces inferior results as compared to the EA.
The EA has been running on two separate live accounts with two different brokers for several months, the results between the
brokers is different however on both accounts the EA is showing steady consistent results. On the occasions where the market has
gone against trades the EA detects the situation early, closes out and keeps draw down low.
We recommend keeping EA inputs at the defaults except for the input (Close if HighWater exceeds $) .
Experience has shown us the EA works best if (Close if HighWater exceeds $) is set at StartLots times 100. (Example 0.01 X 100 = $1.00).
We suggest $1,000.00 of account balance for every 0.01 lot of StartLots to reduce margin problems.
The coding used in the Algorithm is worlds best practice, designed to be very quick and error free to take advantage of any opportunity.