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MT4 Expert Advisor

€̶1̶4̶9̶.̶0̶0̶

€74.90

Single candle correction. Forex strategy

More complex forex strategy. It is looking for simple candle formation with predefined size. Pattern will be closing in the direction of the trend. This candle formation can be considered a correction and offers some advantages for position entry. It provides slightly better price for entry with momentum confirmation. It is also easy and accurate to backtest. Signal is frequent and therefore we can take advantage of slight edge many times over.

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Backtest and optimize for any currency pair. Trade multiple instruments simultaneously, day and night.

Trade automatically, without errors and emotions. Save your time and energy.

This is especially true, if you let and automated trading system do it for you. This forex strategy also includes trail stop function, to make sure, that winner will not turn loser and we let the profits roll. Forex strategy is provided with expert advisor suitable for testing and adjusting it for different currency pair and time frames. We have tested strategy for profitability since 2003 1H EURUSD tick data, with positive results enclosed.

Strategy uses multiple powerful filters to make sure we stay on the right side of the market. Those are exponential moving averages, fractal and demarker 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.

Used tools and indicators

DeMarker oscillator (DEM 150) Demarker will identify trend and momentum. Also, it helps to avoid a ranging market. We do so by applying central no trade zone in the middle of indicators window (buy above, sell below value)

Exponential moving averages (EMA 500 and 250). Relative position of slow and fast EMA will help us to determine trend. All positions must be aligned with this trend.

Fractals: Fractal must create higher high/ lower low in the direction of trend. This shows that the wave structure of the market is aligned with trend.

Big candle (300 -15 pips). Candle with defined size closing in the direction of trend. It has surpassed the previous candle in the specific way. We enter the trade on its close.

Trailing stop (extra distance 80 pips): TS is adjusted with each fractal close. Additional distance may be applied.

Forex strategy rules

SELL

EMA slow trending above EMA fast.

Last fractal high is lower than previous fractal high.

Demarker trending below sell below zone 0,5. We will be looking only for short entry as we consider this to be a downtrend.

Signal: Bullish candle with body size of 30-150 pips closing below the low of previous candle.

We enter trade on its close.

Trailing stop is placed at the last fractal high + extra distance of 80 pips. Trailing stop is the only method of trade liquidation.

BUY

EMA slow trending below EMA fast.

Last fractal low is higher than previous fractal low.

Demarker trending above buy above zone 0,5. We will be looking only for long entry as we consider this to be an uptrend.

Signal: Bearish candle with body size of 30-150 pips closing above the high of previous candle.

We enter trade on its close.

Trailing stop is placed at last fractal low - extra distance of 80 pips. Trailing stop is the only method of trade liquidation.

Get MT4 expert advisor trading this forex strategy

For best results, 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.

Disclaimer: 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. TheForexKin