This expert can be used to rapidly test setups for standard black crows and white soldiers forex strategy. By adding MACD as trend filter, success rate was increased. Expert doesn't produce very impressive results and we were able to find profitable setting in 4H chart.
Bollinger bands: Breakout of outside tunnel boundaries coupled with three consecutive bullish/bearish candles is considered an entry signal, if confirmed by the MACD trend filter.
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MACD trend filter: Short trades entered only if MACD histogram is less than zero. Buy trade is entered only if MACD trends above zero.
Three consecutive bullish candles – buy signal.
Three consecutive bearish candles – sell signal.
It is possible to increase take profit in inputs (add to profit input).
Notes to input:
Expert advisor is provided freely as it is.
For your own benefit, test is both on historical data and forward demo data.
Live use only on your own risk.
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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.