This expert advisor uses relatively conservative position entry and management, together with automatic and aggressive money management to achieve impressive results. Entry is based on RSI forex indicator and it is filtered by Moving averages, to make sure that we always stay on the right side of the market. Additionally, trailing stop is used for best results.
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Used forex indicators
RSI (relative strength index) 7. Sell above 70 line, buy below 30 line.
Moving averages (slow and fast). If fast MA trends below slow (downtrend) if it trend above it (uptrend). Position will be entered only in the direction of trend.
There are many different settings that perform well with this expert advisor, you are welcomed to test it for best performance and apply it on any currency pair.
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This expert advisor was tested with following settings on 1H EURUSD. Test period 2013,2014,2015.
Notes to inputs:
UseMM: true setting will enable LotsPer1000 – automatic money management. False settings will only allow stable lot size (Lots).
Slow MA period and fast MA will modify trend sensitivity cross. Lower values are more sensitive both for trend change and fakeouts.
We recommend you to use this forex strategy with one of our trusted forex brokers (STP/ECN with MT4 bridge).
To win you must trade with broker on your side.
Dislaimer: 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.