Patriot is a scalping Expert Advisor for trading highly liquid pairs, such as EURUSD, GBPUSD, EURJPY, USDCAD, AUDUSD. This is neither a grid, nor a martingale. It uses one standard Momentum oscillator and price movements analysis. The EA is easily adapted for current market conditions and does not require trader's interference. It has two levels of moving deals in breakeven to minimize possible losses and trailing stop to maintain open positions in order to receive the best profit.
This EA requires a broker with low spreads and VPS server. It has been tested on a quite large time range from 2010 to the present day. And this testing estimates the EA's performance at various market moments.
TypeOrderExecution - type of order execution, Market Execution and Instant Execution;
BalanceRisk - account trading lot on the balance / free margin;
Lots - fixed lot if BalanceRisk = 0;
TakeProfit - Take Profit in points;
StopLoss - Stop Loss in points;
Magic - magic number to transactions;
MaxSpread - the maximum size of the spread of trade opening;
Reverse - enable / disable reverse transactions;
BuyColor - color icons for purchase transactions;
SellColor - color icons for sale transactions;
Com - comment on the transactions;
MaxAttempts - maximum number of attempts to open an order;
DelaySeconds - pause in seconds between attempts to open an order;
Slippage - maximum price slippage;
PriceStep - the distance from the current price for the measurement of the pulse;
Timer - the timer in seconds to measure the pulse;
The Expert Advisor Pathfinder uses data provided by three moving average indicators. Positions are closed when opposite signals appear.
First MA Period - period of the first indicator;
Second MA Period ...
This strategy involves Bollinger_Bands technical indicator with trend direction confirmed by DEMA indicator. Also, checks for overbought (oversold) states can be performed using RSI indicator.
You should set market entry and ...
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