Unlimited 3 Scalping FOREX expert advisor

Capable scalping expert advisor using multiple RSI. to separate downtrend from uptrend and to avoid trading in the range (market without any significant momentum).

For the best results, trade with professional ECN/STP broker with MT4. If you can't trade with profit. Automatically copy the traders that are already profitable.

 

Oscillator is also used for our entry. Every entry is also conditioned by price candle closing against the direction of main trend, to provide the best possible price for entry.

 Get 30 USD no deposit BONUS from XM. Test this expert advisor live. All profits withdrawable.

 

Used forex indicators

RSI (relative strength index). RSI with period 50 and 14 will filter the trend and range. If are both trending above 50 line – uptrend. If they trend below 50 line -downtrend. By adjusting trigger zones we can change expert advisors sensitivity to trend and momentum.

Trigger for entry: RSI with period 3 coupled with bullish candle in downtrend and bearish candle in uptrend – to provide statistical price edge.

 

 Test results from 01.01.2013 to 01.01.2016. 

 Get 30 USD no deposit BONUS from XM. Test this expert advisor live. All profits withdrawable.

 

This expert advisor was tested with following settings on 1H EURUSD. Test period: from 01.01.2013 to 01.01.2016.

Recommended broker FXCC.

Notes to inputs:

  • Take profit points: Take profit for orders

  • Candle points: Minimum size of signal candle

  • Stop loss points: Stop Loss for orders

  • Filter sensitivity above 50. Sensitivity for uptrend with 51 being the most sensitive setting.

  • Filter sensitivity below 50. Sensitivity for downtrend with 49 being the most sensitive setting.

  • Slow filter period: Calculation of slow RSI filtering out the major trend. 

  • Medium filter period: Calculation of faster RSI filtering out the medium trend. 

  • Lotsper1000. Position size used for 1000 USD of equity.

  • RSI signal period: Calculation period of signal RSI forex indicator.

  • UseMM: True setting will ulock automatic money management.

  • Lots: Position size - manual setting when UseMM is disabled

 

Unlimited 3 expert advisor

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. 

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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