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The expert Advisor trades during a small market volatility, after the end of the us session, tracking the price levels on several indicators.
After that, it opens positions and monitors them until they are closed with a profit or, if possible, with a small loss.
Does not use martingale strategy, averaging positions, waiting for loss, etc.
Positions can be opened with fixed TakeProfit and virtual.
It is possible to use a dynamic lot to increase the volume of positions with successful trading.
The size of Risk, TakeProfit and Stoploss, only for average testing, for each currency pair to select separately!
Recommend currency pairs: EURCHF, EURGBP, GBPUSD.
Possible currency pairs for testing: CHFJPY, EURAUD, USDCAD.
I do not recommend to bet on all pairs at once!, especially if they are correlated with each other.
It is better to put first on one tested and optimized pair with a small risk, or a fixed lot, to get acquainted with the trading process.
Once the trading results are satisfactory, you can add risk and pairs.
ECN accounts with five-digit quotes of moderate size (spread) should be used.
I use this broker http://icmarkets.com/
Working time period of M15 charts.
The default start time settings (00:00) should start at 22.00 for winter and 21.00 for summer Greenwich mean time.
You can try to use the start of trading 23:55 for example, at this time (spread) a little less., deals and risk more.
If trading starts earlier (00:00) it is desirable to enable FILTER_SWAP to avoid opening positions with negative (swap).
- USING - Select whether to trade risk or fixed lot
- RISK - Use risk, % of available funds
- LOT - Use fixed lot
- RISK/LOT - risk or fixed lot Size
- WHAT_TP_TO_USE - the Choice of which to use TakeProfit
- VIRTUAL - Virtual
- REAL - Real
- TAKE_PROFIT - Set profit
- STOP_LOSS - Set loss
- MAX_SPREAD_OPEN - Maximum possible (spread) to open positions
- MAGIC_NUMBER - Magic number of the positions
- SLIPPAGE - Slippage rates
- FILTER_SWAP - Filter (swap) *
- DISABLED - Disabled
- TRIPLE - Triple
- FULL - Permanent
- DEALS_ON_THE_BAR - is to Trade multiple times on the bar
- TIME_PERIOD_BAR - bar Period
- USE_A_SOUND - Sound notification
- START_TRADING - Hour to start trading expert
- STOP_TRADING - End of expert Advisor trading Hour
* Triple - a with Wednesday to Thursday did not open the position at which the negative (swap).
Permanent - do not open position if it is negative (swap).
Applies only if the trading start time is set before 00: 00
Pirate One EA v.1.60