|System: Metatrader 4|
Needed indicators: 4 indicators included, 1 built-in indicator
Currency pair: EURAUD
Limits by accounts: No
Type of trading: Middle-term automated trading
Neural network: light
Number of signals using in trading: 5
Using with other EAs: yes
Broker account: any account
Max. spreads allowed: 2,3 (23)
TakeProfit and StopLoss max used: 218(SL), 620(TP)
Duration of trades: average 8 hours – 4 days
Lots: 0,01 – 100
VPS or Laptop: need 24/5 online
- Stochastic indicator;
- ADX indicator;
Stochastic indicator – stochastic oscillator is a momentum indicator comparing the closing price of a security to the range of its prices over a certain period of time. The sensitivity of the oscillator to market movements is reducible by adjusting that time period or by taking a moving average of the result.
ADX indicator – average directional movement index values help traders to identify the strongest and most profitable trends to trade. The values are also important for distinguishing between trending and non-trending conditions.
CCI – Commodity Channel Index compares the current price to an average price over a period of time. The indicator fluctuates above or below zero, moving into positive or negative territory. While most values, approximately 75%, will fall between -100 and +100, about 25% of the values will fall outside this range, indicating a lot of weakness or strength in the price movement.
RSI – the relative strength index (RSI) is a momentum indicator, that compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security. It is primarily used to attempt to identify overbought or oversold conditions in the trading of an asset.
ATR – the average true range (ATR) indicator is a measure of volatility.
What do you need for trading with advisor:
- Open broker account or use existing.
- 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.
Strategy tester video