The EA places virtual support and resistance levels and waits until these levels are broken through. They are changing with the price movements. The robot will not trade if the price maunders or moves in an unpredictable manner. But when the market revives, it takes up a ready position and once the price moves abruptly, the EA has a stranglehold over it and beats the bag out of the market.
The robot’s strategy allows not to worry about your funds. Stop order is placed close to the order in case of sharp reversal of the price, and profit order moves away from the price all the time and allows the profit to grow. Usually the order is closed by trailing stop which follows the price in such a manner that even one profitable order can compensate dozen of unprofitable ones. But a rule of thumb states that there are more profitable orders than unprofitable ones. This explains the robot’s high profitability and low drawdown.
The strategy works from 2008. Until this year the strategy did not correspond to market conditions.
The EA trades during news time
This is a multi-currency robot which works on ten currency pairs at a time
Works in a turbo mode which ensures the EA high-speed performance
Does not collect drawdown
Easily optimized. Usually only two parameters need to be optimized. They are Distance andRiskPercent. The first parameter is responsible for accuracy of signals, and the second one — for profitability
Symbols — number of active pairs from 1 to 10 as a drop-down list:
Tools — list of defualt currency pairs:GBPUSD/EURUSD/USDJPY/USDCHF/USDCAD/NZDUSD/AUDUSD/EURJPY/EURGBP/EURCHF — the robot reads the list from left to right
Total — number of digit in a symbol. Suppose, that EURUSD has 6 digits and _EURUSDhas 7 digits, GOLD has 4 digits, etc. You cannot enter symbols with different number of digits in the abovementioned list of symbols. If you break this rule in the middle of the list, the EA will trade using the first read symbols till the error. If the error occurs at the top of the list, the robot will trade using the current symbol
Distance — parameter to place support/resistance levels
StopLoss — stop loss level in points
RiskPercent — risk for automated money management
Slippage — maximum deviation from the requested price
TrailStart — distance from the order to enable trailing stop orders
UseTime — trading by time (server time is applied)
Expert Advisor Plan B is based on analyzing price action. Positions are closed when opposite signals appear.
Period — number of bars to be analyzed;
Mode — operation mode of the …
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