Euro Eureka EquiDistance
This is a free but unsupported EA that requires re-optimisation.
Re-optimise on 3 months of data for the very best results and a linear equity curve. A 'how to optimize' video can be found at the following location: https://www.youtube.com/watch?v=nvJYGVL6fuA
Currency: Default EURUSD and (subject to optimisation of two parameters) USDCHF, GBPUSD, AUDUSD & USDCAD.
- Advisor category: Overbought and oversold analysis;
- Trading Time: All and close on Friday 9pm GMT;
- Risk: Low at 1% per trade;
- Recommended Deposit: $1000;
- Trading Concept: Buy when price is oversold using the distance of a bollinger band for entries and sell when price is overbought using the distance of a bollinger band for entries
- Risk Control: Volatility SL: can range between 20 to 60 pips depending on market volatility;
- Moving average trailing profit between 20 to 60 pips
- Market entry method: Stop order;
- See comments section for full backtest.
- Parameter 1 & Parameter 2: Opt range -1 to 1: Step 0.01
- Common money management options.