The Global Pattern 5 EA is a multi-currency robot which trades on M30 and makes about 10 trades per week.
- The EA is based on the idea of patterns search and their real check. If a patterns gains profit in 75% of cases, it can be considered an efficient one. The market changes all the time as well as patterns do. Those, which functioned a year ago, does not work this year. It is associated with different factors. The EA automatically determines this and starts trading by new found patterns adjusting to changes of the market.
- Trading system. What regularities does the EA look for? ” This is the main idea of the trading system which lies in the fact that each weekday is unique. But at the same time all Mondays resemble each other, as well as Tuesdays, Wednesdays, Thursdays and Fridays. Testing the market on 3-months period the EA finds regularities in currency market behavior ” patterns of people behavior on Forex, using an integral method (dividing into single parts and their integration). Checking each weekday separately, the EA finds regularities (patterns) of Mondays, Tuesdays and other weekdays and starts trading in a predictable way following the rhythm of the market movements.
- Testing Results: the program has been successfully tested on various currency pairs and 10-years period. An EA which uses similar strategy was participating in the Automated Trading Championship within 3 months, and on completion of the Championship it had an increased initial deposit. The EA which we present has advantages as compared to the EA participated in the Championship.
- Lots ” Lot;
- SL ” Stop Loss in points;
- TP ” Take Profit in points;
- MaxSpread ” Maximum spread;
- MaxSlippage ” Maximum slippage;
- Weekday ” Weekdays;
- Monday BUY ” Buy pattern on Monday;
- Monday SELL ” Sell pattern on Monday;
- Tuesday BUY ” Buy pattern on Tuesday;
- Tuesday SELL ” Sell pattern on Tuesday;
- Wednesday BUY ” Buy pattern on Wednesday;
- Wednesday SELL ” Sell pattern on Wednesday;
- Thursday BUY ” Buy pattern on Thursday;
- Thursday SELL ” Sell pattern on Thursday;
- Friday BUY ” Buy pattern on Friday;
- Friday SELL ” Sell pattern on Friday;
- Means a regularity.
- Model or sample of “behavioral patterns”. Behavior is simulated or copied from another behavior. Modeling, learning via observation.
- Configuration or grouping parts or elements with a correspondent structure implies that though separate parts of an array are different, all together they form one integral unit which has particular significance and represents a model. Years of experience suggest that stock exchange is subject to cyclic changes.
- Forex patterns are functioning using this regularity. In fact, they represent these repeatable models. Modern Forex market reflects the fact that there is a huge number of active Forex patterns. But there is a question of patterns conclusiveness, i.e. check of their efficiency. What does it mean? For instance, we know some pattern and want to use it. But the pattern should correctly predict the price behavior in 75% of cases. Then the pattern will be arguably efficient.
Makarkin Sergey — participant of automated trading championships from 2007. I am developing trading platforms over 8 years.