The Expert Advisor trades in the direction of the current trend, the algorithm is based on calculating the width of the trading range for a given interval and assessing price movements on short time intervals. If the impulse value exceeds a specified percentage of the trading range, a position is opened in the direction of the trend. The impulses are also additionally filtered using a special technique.
When evaluating impulses, the tick history inside the bar is not used.
The algorithm uses explicit control of bars – trading is performed on the formed bars only. This protects test and trading results from tick history errors, does not overload the terminal and increases the speed of testing and optimization as they can be run in Open prices only mode.
This EA has maintained its profitability since 2012, since its first publication, without significant algorithm adjustments and parameter optimization.
It trades relatively rarely, on average 3-5 trades per month, since strong price movements do not occur often. Historical drawdown does not exceed 25% when trading 0.1 lot per $ 1000 of the deposit. This allows you to use it both independently and as part of a portfolio of similar conservative Expert Advisors, which are based on different principles and mutually smooth out the drawdown.
Timeframe – M5, pair – EURUSD.
Parameters
Magic – magic number allowing the EA to define its own orders in the trading platform. It is necessary when several EAs are working in a single platform or an automatic trading is combined with a manual one.
Percent – impulse value (% of the trading range).
TakePercent – take profit for newly opened positions (% of the impulse value).
StopPercent – stop loss for newly opened positions (% of the impulse value).
Stop – maximum stop loss of the newly opened positions in points.The parameter is used if stop loss value calculated as % of the impulse exceeds this value.
Tral – trailing stop level in points.
Lots – fixed lot of the newly opened positions if ММ is not used.
PartCloseLevels – number of levels for closing by profit.
DigitsInLot – number of decimal places in a lot.
GMT Offset – trade server shift relative to GMT.
MM – money management; set the percentage of re-investing the profit gained during trading. If ММ=1, the lot is 0.1 per each $1 000 of the deposit. If ММ=1.5, the lot is 0.15 per each $1 000 of the deposit, etc. If ММ=0, money management is not used. The trading is performed by a fixed lot set in Lots parameter.
Info – show/hide the info panel on the chart.
Brand
EA MT4
Refund
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Install
The installation of this Expert Advisor is BASIC INSTALL SKILLS ( NODLL ).
This is the easiest type of installation for Expert Advisors.
This Expert Advisor is a .zip file and as it does not include msimg32.dll. You don’t need to deactivate your antivirus or anything like that; simply purchase and download.
Copy the EA folder content from your product to the EA folder of your MT4 installation.
Once all the files copied, open your Meta Trader 4 or refresh Expert Advisors, thats it.
Responsability
Tradingview.video disclaims any responsibility for gains or losses resulting from the use of the strategies provided. We cannot guarantee the profitability of these strategies as multiple factors, including fees, settings, and risk management, significantly impact outcomes. Our primary responsibility lies in presenting comprehensive descriptions containing all available information, empowering you to make informed decisions independently.
Not all expert advisors come with presets. It is recommended to craft your own, finely calibrated to improve performance and minimize risks. Employ reliable historical data tools like Tickstory and Backtester Kicker to analyze various setting combinations.
Dedicate time to acquire the knowledge requisite for joining the 5% of successful traders in the forex market.
A crucial reminder: Always conduct thorough backtesting before deploying any strategy with a live trading account.
Kindly refrain from requesting recommendations for an EA; base your purchase decisions on the available information.
admin (store manager) –
Excelent EA, recommended