DailyRebound Portfolio Trader
- Эксперты
- Mika Matias Manty
- Версия: 1.1
- Обновлено: 23 сентября 2023
- Активации: 10
DailyRebound EA uses a simple and robust strategy to try to profit from exhaustion of very strong daily moves. If the price has been moving strongly to one-direction during the last 24 hours it's very likely to pull back slightly before the trading day ends or overnight. These end of the day and overnight pullbacks are what DailyRebound EA is after.
DailyRebound EA uses the (DCA) averaging-in approach for losing positions and exits when the complete basket is in small profit in such a case that initial trade does not reach its profit target, or stop loss levels are hit. DCA is done without Martingale. EA adds maximum one position per day to the trade basket. A position is added only if it considerably improves the average price of the trade basket. This keeps risks low and prevents rapid high drawdowns.
DailyReound EA trades a high number of symbols as a portfolio to reduced risk and allow compounding of potential profits. Each symbol is traded with low risk and very small position sizes.
Maximum number of symbols to trade per EA instance is 20. Default settings are for 18 most suitable Forex pairs.
EA makes maximum one trade per day per symbol
EA supports both hedging and netting type accounts
Recommended minimum account balance is 5000$/€. Using lower balance increases risk and profit in percentage terms.
Portfolio level settings:
Risk Multiplier:
Multiplier for all position sizes
With default symbol settings:
Low risk = 0.5
Medium risk = 1.0 (Default)
High risk = 1.5
Extreme risk = 2.0
New Baskets allowed on Friday
Defines if new baskets can be started on Friday evening. Default is FALSE as this reduces over weekend risk
Max Drawdown allowing new Baskets
No trades are opened on new symbols if current balance to equity drawdown is more than this
Max Trade Loss % (SL, 0=OFF)
SL setup for each individual trade. If set each individual trade has SL set
Max Basket Loss % (0=OFF)
Drawdown level of one symbol basket where that particular basket will be closed at loss
Max Account Loss % (0=OFF)
Drawdown level of all DailyRebound EA trades where all EAs trades will be closed at loss
Symbol to trade from below (0=ALL)
If 0 all symbols for which settings are set are traded. If symbol number set then only that particular symbol is being traded.
Can be used to find/optimize settings for a single symbol without trading all other symbols.
Symbol level settings:
Symbol
Symbol name. As visible in MarketWatch
Account Size Per Micro lot
Trade sizing for the symbol (assuming Risk Multiplier = 1.0)
Trading Hour
Defines when trades are entered. Entry time is <<Trading Hour>:00> Server Time
Bar Size In Pips
Bar Size in Pips of the Virtual daily bar required for entry. Virtual daily bar size is calculated over the last 24 H1 bars backwards from the Trading Hour
Target in Pips
Take profit set for the initial trade
