This is an automated Forex Expert Advisor. MFI and RSI indicators are applied in the signal calculation algorithm. Both BUY and SELL deals are accompanied by stop loss (300 points) and take profit (700 points) on a 5-digit account. If the price moves in profitable direction, a trailing stop is activated and a stop loss is moved to breakeven. If the price is at a loss, either the Close_Counter_Signal is triggered or a position is closed by stop loss.
Note: Disable the EA 1-2 hours before highly volatile news releases, as well as Fed and Eurozone speeches, and enable it 2-3 hours later. If a pair experiences strong volatility, select a quieter one.
The EA has no martingale, no hedging and no impulse price checks (not a tick scalper). Only МТ4 technical indicators are used.
Testing was performed from January 1, 2015 to December 15, 2015 on EURUSD М15.
- Close_Counter_Signal = True - close an order if an opposite signal appears.
- Period_MFi =12 - MFI 1 indicator period.
- Period_MFi_II =12 - MFI 2 indicator period.
- Remote_benchmark_MFI = 33 - step, indent for checking a signal.
- Period_RSi =2 - RSI indicator period.
- Remote_benchmark_RSI = 25 - step, indent for checking an RSI signal.
- Timeframe_check = 240 - MFI indicator timeframe for a check.
- Period_check_I =12 - MFI period for a check.
- Check_RSI =True - enable RSI indicator signal check.
- Period_check_RSI =5 - RSI check period.
- Timeframe_check_RSI =60 - RSI indicator timeframe for a check.
- Maxspread =40 - maximum allowed spread of a currency pair.
- Slippage = 3 - slippage.
- TrailingStop = 100 - trailing stop.
- Auto_Lot = True - enable lot changes depending on the deposit size and RiskPercent.
- RiskPercent = 5.0 - trading risk as a percentage value of the deposit.
- Lots = 0.1 - order lot.
- TakeProfit = 600 - take profit.
- Stoploss = 300 - stop loss.
- Magic = 111 - order number.
- Trade_in_Monday = True - trading on Monday.
- Trade_in_Tuesday = True - trading on Tuesday.
- Trade_in_Wednesday = True - Trading on Wednesday.
- Trade_in_Thursday = True - trading on Thursday.
- Trade_in_Friday = True - trading on Friday.