This Expert advisor has been designed specifically for the EURUSD H1 Foreign Exchange(FX) market to open, monitor, modify and adjusts orders automatically 24/5.
Trading with clear and comprehensive entry and exit rules.
There is no need to adjust any parameters, simply assign a unique MagicNumber and designated mmLots per trade and GO!
The system logic is based on technical analysis.
Every Trade has a fixed Take Profit and Stop Loss set from execution.
Europa utilizes the Keltner Channel in combination with RSI.
Pending orders are set with BUY or SELL STOP which are continually modified according to market conditions through the Bolinger Band Width Ratio(This indicator is an executable indicator built into the Europa, there is no need to download any further indicators to function).A trailing stop is adjusted through the Average True Range (ATR) measuring the volatility in the market and helping to lock in pips.
Default Parameters
The values can be changed, it is recommended to keep the Default Parameters.Assign your own MagicNumber and mmLots prior to trading on a live account.
Variable Default Value Comment MagicNumber
112163 Unique identifying number allocated to Expert Advisors for executions and management of trades. Each chart is to be assigned an individual Magic Number smm
-------Money Management - Fixed Size-------
mmLots 0.05 Size to open trade in lots. cat1
----------- External Parameter Options ----------- KCerPeriod 20 Keltner Channel Period RSIPeriod 20 Relative Strength Period seof
-------Exit On Friday-------
ExitOnFriday False If true - Close all positions on Friday FridayExitTime 22:00 Time of day Recommendations
- EURUSD
- GBPUSD
- USDCHF
- AUDUSD
- H1
- M30
- $400 Account
Past performance does not guarantee future performances.
