The Expert Advisor is fully automated, trades in all sessions (full-time), using a strategy based on R eversal Patterns.
The strategy seeks to identify trend reversal patterns by analyzing a range of bars that is automatically calculated, considering, among other conditions, the size (height) of this range, the timeframe and the current market price situation. Next, a check of the shadow sizes of the bars is made, and if it is identified that a rejection of the trend is taking place, the system can open a position contrary to the current price movement.
Real account monitoring
Recommendations and f eatures
- The EA must be attached to the symbol's M15 chart, so it can operate normally on up to 3 timeframes;
- The EA can manage simultaneously, without conflicts, open positions from 2 settings files (.set) for the same symbol: one defined automatically and the other defined by the user;
- Before attaching the EA, make sure the symbol has at least 6 months of historical data;
- Account type must be Hedged.
Risk management
- Each trade is protected by Stop Loss and Take Profit;
- Each position is only opened when the trade signal occurs;
- If there are open positions and a reversal signal is identified, the positions will be closed.
Symbols
Indices
- DE40 (Dax 40)
- JP225 (Nikkei 225)
- US30 (Dow 30/Dow Jones)
- US500 (S&P 500)
- USTECH (Nasdaq 100)
Input parameters
Settings and Risk Management
- Settings Mode: if you want to use your own parameter settings and perform optimizations, select User Settings; if you want the EA to select parameter settings automatically, select Automatic Settings (this option ignores the parameter settings entered by the user); if your broker uses a different nomenclature and the EA cannot identify the symbol, select it from the list of this parameter to use the most appropriate settings (this option ignores the parameter settings entered by the user) or contact the author informing the broker and symbol so that it can be considered in the settings in a new version of the EA;
- Positions Risk Mode: select Percentage or Fixed Lot;
- Positions Risk Size: percentage of capital or lot size that EA will use in each trade, according to the option selected in the previous parameter.
ATR and Levels Management
- Average True Range: select the period of the indicator;
- Trading Levels: select one of the available options.
Signals Management
- Trade on Timeframe: select which timeframes the EA can trade on;
- Candle Range: select an option to calculate the range;
- Candle Size: minimum size (height) of the range - percentage of ATR;
- Shadow Big: percentage of Candle Size;
- Shadow Small: percentage of Shadow Big.
