What a well defined trading system for trading many pairs! The EA can be optimized on any trading pair. Trade entry signal is handled by Bollinger band and relative strength index. For ensuring lowest drawdown possible, the trade closing algorithm is provided by Bollinger band. Stop loss and Profit target are provided for every trades opened. Any open trade is also trailed by inbuilt trailing setup which is really handled by moving average. The expert can work well with both small accounts and accounts with a large deposit.
Pair - EURUSD, USDJPY, GBPUSD, EURJPY, GBPJPY, AUDUSD, USDCAD, EURGBP, NZDUSD.
Timeframe - 1 hour
Low spread brokers
VPS that is available 24/7
- Display_EA_Name - if set true, dashboard of the EA is displayed.
- Magic_Number - trade identification number,
- UseMoneyManagement - if true, the EA will calculate lot size to use in opening initial trade by using the value of MaximumRisk parameter below;
- FixedLots - Fixed trading volume for every open positions;
- MaximumRisk - percentage of initial deposit to be used in opening a single trade;
- ClosePositionOnFriday - if set true all the open positions will be closed on Friday night
- Take Profit - Profit target for every trade.
- Stop Loss - Stop loss for every trade.
- TMAP_B - Value of Period of Moving average indicator to trail profit for buy position
- TMAP_S- Value of Period of Moving average indicator to trail profit for sell position
- RSI_BL - Value of Relative strength indicator for open buy position
- RSI_SL - Value of Relative strength indicator for open sell position
- Band Entry A - Value of Period of Bollinger band indicator for open buy
- Band Entry B - Value of Period of Bollinger band indicator for open sell position
- Band Exit A - Value of Period of Bollinger band indicator of Indicator for closing buy position
- Band Exit B - Value of Period of Bollinger band indicator of Indicator for closing sell position
Fell Free to ask any question about the EA.