The Expert Advisor is based on the modified Bill Williams' strategy. Trades are opened in the trend direction recognized using MACD.
A very tight stop loss.
No averaging. No position increase. No martingale.
Recommendations: EURUSD, H1. However, it can also be applied for other instruments.
The strategy is very simple: Signal -> Opening an order -> Modification of SL and TP -> Closing the order at the next candlestick or by take profit.
The EA is automatically adjusted for 4 and 5 digits quotes.
- Lot - trading lot;
- TakeProfit - take profit;
- StopLoss - stop loss;
- TF - timeframe for calculations;
- TF_for_MACD - timeframe for the MACD filter;
- FastMACD - fast MACD;
- SlowMACD - slow MACD;
- SignalMACD - signal MACD;
- Magic – magic number to distinguish EA's own orders;
- comment - a comment added to the EA's orders.