This is an automated expert advisor which enters by Price Action - Inside Bar.
A trade will be opened if the Inside Bar pattern appears on any selected timeframe and currency pair where the robot is attached.
The strategy is based on the price action analysis. It does not use indicators or supplementary filters. Does not use grid or martingale.
Exact accuracy of candle pattern processing offers an opportunity to enter the market with a big lot.
Test in the strategy tester before installation.
Brokers with minimum spreads are recommended.
Default settings are testes for EURUSD, USDJPY, AUDUSD.
I will post settings for other pairs in comments.
Time frame - M5, but you can test it on other time frames either.
- Lots - setting fixed lot size;
- StopLoss – placing Stop Loss level, if 0 - the level is not placed;
- TakeProfit - placing Take Profit level, if 0 - the level is not placed;
- TrailingStart – placing a level where trailing will start, if 0 - the level is not placed;
- TrailingStep - setting trailing step;
- UseEcnAccount - if true, ECN account is allowed, if false, any other account type is used;
- Magic – magic number.