Green pack. MT4 expert advisor by TheForexKings

SKU 00157
€14.90
In stock
1
Product Details

Trend identification

  • Firstly, trend needs to be identified. Still, one of the best tools to identify trend - MACD is used and doubled to distinguish between major trend and current market situation on our timeframe.
  1. Default periods for major MACD filter (alpha): 250 slow , 150 fast
  2. Defaults periods for major MACD filter (beta): 100 slow , 50 fast
  • Trade zone is always created to follow the direction of both trends (major and current). For purpose of trend identification, signal line is omitted from MACD calculation and we will consider only MACD histogram.
  1. If histogram closes below zero- downtrend (sell only).
  2. If histogram closes above zero – uptrend(buy only).

Signal

  • Bollinger bands are used to simply determine relatively high / low price in the trend to ensure the best entry. If markets decides to reverse after the signal, orders will simply not be triggered as it waits above/below the market. BB with period 60 is used in test.
  1. Price touching upper BB while in dowtrend – sell signal.
  2. Price touching bottom BB while in uptrend - buy signal.
  • Advanced trailing stop: Each position has separately managed, advanced trailing stop that is being adjusted after each candle close. Trailing stop protects position profit before the next trade gets triggered.

Adjustable parameters

  • Secondary MACD filter (current market trend)
  • Beta MACD Fast EMA 2: Adjust calculation period for fast Moving average of MACD histogram
  • Beta MACD Slow EMA 2: Adjust calculation period for slow Moving average of MACD histogram
  • Primary MACD filter (major market trend)
  • Alfa MACD Fast EMA: Adjust calculation period for fast Moving average of MACD histogram
  • Alfa MACD Slow EMA: Adjust calculation period for slow Moving average of MACD histogram
  • Take profit: Take profit for all orders (in points). Postion will be liquidated at whatever gets hit first (trailing stop/profit target).
  • Stop loss: Predetermined stop loss for all postions (in points).
  • BB dev: Deviation input for Bollinger bands indicator. Higher the setting less grequent the signal.
  • BB period: Calculation period for Bollinger bands forex indicator (signal).
  • Stay valid: determines how long will untriggred orders remain valid (in days).
  • Lot size: Stable lot size for all positions. All postions will pe placed with this lot size.
  • Increments for all: Determines the distance between positions. This setting has profound impactt on strategy drawdown and profit. When switching between timeframes adjustment is necessary.
  • Extra deviation: detemines additionsl distance between closed candle high/low and the trailing stop (in points).

Rules

SELL rules.

  1. Both MACD histograms closing below zero.
  2. Price touches the upper BB.
  3. First pending order for sell (sell stop) is placed 10 pis below the market price.
  4. Another 11 orders are than placed in ten pips increments below the first order.
  5. Each with stop loss of 10 pips and take profit of 100 pips.
  6. Trailing stop is adjusted after each candle close. Place it ten pips above closed candle high.

Buy rules.


  1. Both MACD histograms closing above zero.
  2. Price touches the bottom BB.
  3. First pending order for buy (buy stop) is placed 10 pis above the market price.
  4. Another 11 orders are than placed in ten pips increments above the first order.
  5. Each with stop loss of 10 pips and take profit of 100 pips.
  6. Trailing stop is adjusted after each candle close. Place it ten pips below closed candle low.

Test Results (Tick EURUSD 1H, 2013.01.01 - 2016.11.24)

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 data: High accuracy testing on EURUSD 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.

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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. 

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