This Expert Advisor uses three blocks of standard indicators. When all three say the same, then it will kick in and trade.
You can change the following settings:
I run it on EURUSD M15, but I recently started using it with all the major pairs with great results as well.
- EAName – name showing in the comments field when trading
- RiskEquity – risk % of equity depending on Stop Loss
- SL – Stop Loss
- TP – Take Profit
- TrendEMA – this EMA is looking for trend. If above this level, it will look for a buy. If below, it will look for sell
- StochasticHi – this is the Stochastic High level. Default is set to 80. Looking for overbought condition
- StochasticLo – this is the Stochastic Low level. Default is set to 20. Looking for oversold condition
It works best with low spreads.
Like people always say; Try it out on a demo account and then go for real if you like it. But never ever trade with money you cannot afford to lose. This is a simple rule in everything people do.
I hope you will like this Expert Advisor just as much as I do and do not forget to rate it here and leave your comments.
Happy trading!
