**STRAIGHT PIPPIN EA Expert Advisor Description**
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**General Information**- Copyright: 2023, Michael P Burney- Version: 3.5
- EA Functionality: Automated trading strategy based on technical indicators.
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**Risk Disclosure**Futures and forex trading contain substantial risk and may not be suitable for every investor. There's a potential risk of losing all or more than the initial investment. Ensure you are trading with risk capital, which refers to money that, if lost, would neither jeopardize one’s financial security nor one's lifestyle. Trading should only be done by those with adequate risk capital.
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**EA Properties**- **Entry Lots**: 0.10- **Stop Loss (in pips)**: 0 (Can be set by the user)- **Take Profit (in pips)**: 0 (Can be set by the user)
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**Disclaimer for STRAIGHT PIPPIN EA Expert Advisor**
While we have meticulously verified the robustness of the STRAIGHT PIPPIN EA Expert Advisor and have optimized it based on 16 years of premium chart data, we must emphasize the following:
1. **Broker Trading Environment Variations**: The performance of any trading algorithm can vary significantly depending on the broker, their trading environment, and other unseen factors. Thus, it might necessitate additional optimization for the EA to perform as illustrated in our screenshots and documentation.
2. **Deviation from Default Parameters**: It's imperative that users refrain from making extreme deviations from the default parameters provided in the EA. Drastic changes can negate our robustness validation. In such cases, the EA may not operate as described, potentially leading to different trading outcomes.
3. **No Guarantees**: Past performance does not guarantee future results. While we have taken every precaution to ensure the EA's robustness, the financial markets are inherently unpredictable. Users should approach trading with caution, understanding the risks involved, and only trade with capital they can afford to lose.
4. **Responsibility**: Users are responsible for any trading decisions they make using this EA. We recommend conducting your own tests and optimizations to best fit your trading environment and risk tolerance.
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Please be judicious and informed in your trading decisions. While automated trading strategies can be powerful tools, they should be used with understanding and caution.
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**Default Parameters:
**Technical Indicators Used**1. **Stochastic**:- %K Period: 17- %D Period: 11- Slowing: 3- Level: 85.5
2. **Envelopes**:- Period: 35- Deviation %: 0.41
3. **Moving Average of Oscillator (OsMA)**:- Fast EMA: 8- Slow EMA: 26- MACD SMA: 6- Level: 0.0000
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**Additional Options**- **Magic Number**: 47563444 (Unique identifier for orders)- **Max Spread Protection (in points)**: 0 (Can be set by the user)- **Min Equity Protection (in currency)**: 0 (Can be set by the user)
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**Session Timings** (Set in seconds from 00:00)- Sunday: 00:00 - 24:00- Monday to Thursday: 00:00 - 24:00- Friday: 00:00 - 24:00
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**Strategy Overview**- The EA employs a combination of technical indicators including the Stochastic, Envelopes, and Moving Average of Oscillator (OsMA).- It checks for specific conditions based on these indicators to determine trade entries and exits.- When both the Stochastic and Envelopes conditions align, a trade is opened.- The trade is managed with an OsMA-based closing rule.- Additional trade management options like trailing stops, maximum spread protection, and minimum equity protection are incorporated into the EA logic.
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**Market Data**Recommended for EURUSD, H1 timeframe.
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This expert advisor provides a systematic and data-driven approach to forex trading. With proper risk management and the right market conditions, it can be a useful tool in a trader's arsenal.
