|System: Metatrader 4|
Needed indicators: 8 indicators included
Currency pair: EURUSD
Limits by accounts: No
Limits: TEST ONLY
Type of trading: Short-term automated trading
Neural network: light
Number of signals using in trading: 8
Using with other EAs: yes
Broker account: any ECN account
Max. spreads allowed: 1.0 (10)
TakeProfit and StopLoss: automatic.
Size of TakeProfit or StopLoss: 20 pips
Duration of trades: average 15 min – 16 hours
Time of trading: adjustable
Lots: 0,01 – 100
VPS or Laptop: need 24/5 online
– Average True Range indicator;
– Bollinger Bands indicator;
– Moving Average indicator;
– Heiken Ashi indicator;
– Ichimoku Kinko Hyo indicator;
– Linear Regression indicator;
– Parabolic Stop And Reversal system indicator;
– Pivot Point S&R indicator.
The average true range (ATR) indicator is a measure of volatility.
Bollinger Bands indicator – using a moving average with two trading bands above and below it. Unlike a percentage calculation from a normal moving average, Bollinger Bands simply add and subtract a standard deviation calculation.
Moving Average indicator – used in technical analysis that helps smooth out price action by filtering out the “noise” from random price fluctuations. It is a trend-following, or lagging, indicator because it is based on past prices.
Heiken Ashi indicator – technique–“average bar” in Japanese–is one of many techniques used in conjunction with candlestick charts to improve the isolation of trends and to predict future prices.
Ichimoku Kinko Hyo indicator – used to gauge momentum along with future areas of support and resistance. The Ichimoku indicator is comprised of five lines called the tenkan-sen, kijun-sen, senkou span A, senkou span B and chickou span. This indicator was developed so that a trader can gauge an asset’s trend, momentum and support and resistance points without the need of any other technical indicator.
Linear Regression indicator – is used for trend identification and trend following in a similar fashion to moving averages. Linear Regression Indicator plots the end points of a whole series of linear regression lines drawn on consecutive days. The advantage of the Linear Regression Indicator over a normal moving average is that it has less lag than the moving average, responding quicker to changes in direction. The downside is that it is more prone to whipsaws.
Parabolic Stop And Reversal system indicator – In the world of short-term trading, experiences are defined by a trader’s ability to anticipate a certain move in the price of a financial asset. The parabolic SAR is a technical indicator that is used by many traders to determine the direction of an asset’s momentum and the point in time when this momentum has a higher-than-normal probability of switching directions. Sometimes known as the “stop and reversal system”, the parabolic SAR was developed by the famous technician Welles Wilder, creator of the relative strength index, and it is shown as a series of dots placed either above or below an asset’s price on a chart.
Pivot Point S&R indicator – Pivot Points are objectively calculated price levels that are derived from previous prices. They are widely used in the expectancy that these levels will act as S/R.
What do you need for testing this advisor:
- Open broker account or use existing. We recommend to you Pepperstone broker
- PC, Laptop or VPS for trading software (Metatrader 4) from your broker (PC must be online 24/5).
To ensure the 24-hour operation of the Metatrader 4 we recommend this Forex VPS Provider:
- Initial deposit on broker account for trading.
- Pack of expert advisors from our shop must be installed in the Metatrader according to video tutorial or FAQ.
If you need help to install trading robots, We can help you to do that with teamviewer.com software.
Strategy tester video
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