Combination of MACD indicators is used to identify general direction of the market. Following trade signal, is based on Bollinger bands tunnel (selling at upper boundary and buying at bottom boundary). Expert advisor opens one trade at the time, in the direction of trend. Advanced trailing stop is used for profit protection and risk minimization.
Used indicators:
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MACD (520,240 and 100,50). Two indicators with different period will identify tend. Slower one identifies major trend on our timefrmae while faster helps us to avoid entering trend before its reversal, as it reacts faster to any change of momentum. This expert uses only histogram of MACD.
Bollinger bands indicator. Expert enters all trades in the direction of trend. Long trades are entered at bottom BB band.
Short at upper BB band.
Trailing stop. Is placed behind every closed candle high for short positions, and low for long positions. It is possible to adjust distance between candle low/high and trailed stop.
All parameters can be adjusted to better suit different currency pairs and timeframes as it was designed for 1 h char
Notes to input:
Take profit points : Take profit for orders
Stop loss points : Stop Loss for orders
Lotsper1000: When automatic money managem
Stay valid: How long will untriggered pending order remain valid until canclelled
beta MACD fast EMA 2: secondary MACD fast period calculation
beta MACD slow EMA 2:secondary MACD slow period calculation
alpha MACD fast EMA : primary MACD fast period calculation
alpha MACD slow EMA: primary MACD slow period calculation
BB period: Calculation period forBB indicator - signal
trail distance: reserve between last candle low/high ans trailing stop placement
Lotsper1000. Position size used for 1000 USD of equity.
UseMM: True setting will ulock automatic money management.
Lots: Position size - manual setting when UseMM is disabled
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.
