Countertrend fighter. (EMA) MT4 Expert advisor ™ TFK ALGO

SKU 00025
€29.90
In stock
1
Product Details

Countertrend fighter. (EMA) MT4 Expert advisor

Scalping expert advisor. EA will look for the good entry price within trend (below average price in uptrend, above average price in downtrend). Good entry price is identified directly by its distance away from moving average indicator. Failed entry will be averaged. EA will open multiple averaging trades with intervals growing according to exponential function. Distance between the trades will be increased with each consecutive trade. Leverage can be increased also, by applying increase factor. Resulting system will scalp aggressively in the direction of trend. Aggression can be fluently modulated (both averaging intervals and increase in leverage).

How does it work

Trend is identified by using exponential moving averages (one pair). Entry price signal occurs when price closes in defined distance above /below fast EMA. This is a reliable signal for trend following entry on correction. Averaging module is employed once initial entry fails. Aggression of averaging can be fluently modulated (distance, increase in lot size, number of opened trades). All exiting trades will be closed either at target profit or max loss (defined in account base currency).

Examples of strategies traded by this expert advisor: Price action scalping strategy

Inputs:

  • EMA filter: Must confirm the trend direction. EMA fast must close above EMA slow for uptrend confirmation and vice versa.
  • Price signal: Price must close in defined distance (Point distance for entry) away from the fast EMA. Above fast EMA for short entry/below fast EMA for long entry.
  • Averaging module: If trade exists, new trade can only be opened if overall account profit is less than: -(negative)Averaging intervaL*LOTSIZE*(EXPONENTIAL FUNCTION*NUMBER OF OPENED TRADES PER THAT SIDE). Warning: EA works only on one currency pair per account. Also, manual trades cannot be opened while EA operates.
  • Increase factor: Strategy increase lotsize of each consecutive averaging trade. Calculation: Increase factor*number of opened trades(averaged side)*lotsize+lotsize. Increase factor with value 1 is least agressive.
  • MAX number of trades (5 in test): Expert advisor can work with more than one trade opened per side. This parameter will modify number of trades that can be opened per side at the same time.
  • Closing module: Expert will close all existing trades at once as soon as the overall account profit reaches target profit/max loss. Use only on one currency per account and do not open any other positions. Modify targets proportionally with lotsize (in account currency).
  • Magic number buy/sell: You can modify this number but do not use expert advisor with any other expert on account.
  • MAX slippage:
  • Spread filter:
  • Lot size:

Rules of the expert advisor

SELL

  1. No long trade exists.
  2. EMA fast trending below EMA slow. Downtrend is present in the market. Enter short only.
  3. Price candle closing above fast EMA with defined distance( Point distance for entry)
  4. If trade exists, account profit must be less than averaging module calculation criteria.
  5. We enter short on candle close.
  6. We close all existing long trades at target profit/max loss defined in inputs (adjust those proportionally to used lotsize).

BUY

  1. No short trade exists.
  2. EMA fast trending above EMA slow. Uptrend is present in the market. Enter long only.
  3. Price candle closing below fast EMA with defined distance( Point distance for entry)
  4. If trade exists, account profit must be less than averaging module calculation criteria.
  5. We enter long on candle close.
  6. We close all existing long trades at target profit/max loss defined in inputs (adjust those proportionally to used lotsize).

Test Results (Control points EURUSD 1H, 2003.01.01 - 2016.11.24)

  • Bars in test 87138
  • Ticks modelled 2147258
  • Modelling quality n/a
  • Mismatched charts errors 0
  • Initial deposit 2000.00
  • Spread 10
  • Total net profit 4959.65
  • Gross profit 16862.27
  • Gross loss -11902.62
  • Profit factor 1.42
  • Expected payoff 0.63
  • Absolute drawdown 77.45
  • Maximal drawdown 346.22 (14.32%)
  • Relative drawdown 14.32% (346.22)
  • Total trades 7856
  • Short positions (won %) 3772 (74.92%)
  • Long positions (won %) 4084 (74.66%)
  • Profit trades (% of total) 5875 (74.78%)
  • Loss trades (% of total) 1981 (25.22%)

Expert advisor is based on transparent and fully tested forex strategy.

Original and transparent MT4 expert advisor. Developed and created by professional FOREX traders at www.theforexkings.com . Tested for profitability on EURUSD tick data since 2003. Thousands of viable input combinations available for EURUSD alone. Works with any timeframe and any FX pair.

Main features of this expert advisor:

  • Tested on high quality tick data: High accuracy testing on EURUSD tick data (1H). 100+ Viable inputs combinations for EURUSD pair alone.
  • All inputs unlocked: You can adjust and modify your expert inputs. It can be then applied on any time frame and any currency pair. You can modify the settings at will to achieve the best possible results and make the expert suit your needs.
  • Transparent expert advisor: No smoke and mirrors. Rules are clearly stated and functionality can be easily verified by manual charting on forward or historical data.
  • Works with most of the MT4 Forex brokers: Our expert advisors were adjusted to work with almost any MT4 FOREX broker.
  • Works with any time frame: Simply drag and drop the expert on time frames you would like to use.
  • Works on any currency pair
  • Expert advisor will not draw any indicators in your chart.

Disclaimer and user agreement:

Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer. TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.

Save this product for later

SSL encrypted.

Instant and secured electronic delivery. One time payment secured by PayPal.

MT4 Expert advisor will work according to the description.You Backtest will match results of our backtest (using same test and inputs ). Expert advisor will work with your broker.

30 day money back guarantee.If expert doesnt closely match our test results, run the same test (timeframe, inputs, type).Send us the report. Allow few days to analyze and refund.

One time payment secured by PayPal. Lifetime license. FREE updates and support. You will recieve link for EX4 file immediately after the purchase. Download link will be also send to your email.

Easy, drag and drop installation.

 You will recieve EX4 file is ready to use. Copy the file into your MT4 Expert advisors folder and restart the platform.

ABOUT US

THEFOREXKINGS

“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

—  Marian, Proprietor of TheForexkings.com

DEVELOPED BY PROFESSIONALS

We are experienced Forex traders and developers, trading consistently since 2006. We have developed hundreds expert advisors both for ourselves and our clients.  We know what works and what doesn't in the FOREX . 

TRANSPARENCY

OF RULES

Each system is published with total transparency. Rules are stated in full. Each trader can verify system results by simply applying the rules on his chart. No smoke and mirrors, no overpriced secrets.

TESTED WITH

HIGH ACCURACY

Each of our systems is tested on more than a decade of high quality historical data. Each system must be robust enough, to have at least 100+ profitable inputs combinations. We use very robust candle based testing model (results are not dependent on unstable tick data).

200+ MT4 Expert Advisors

Only during 2016 - 2017 we have created (and published), more than 200 unique expert advisors. To be able to create 200 historically profitable EAs we had to create upwards to 400 other trading robots that failed our tests.This makes us one of the most prolific developer of trading systems in the world.

WIDE VARIETY

OF SYSTEMS

We do not discriminate. We test and produce all types of systems believing that there are countless ways to profit in the forex market. From ultra aggressive systems to conservative systems that will open a trade only once or twice per year. 

WHAT TRADERS SAY