|Limits by time: TEST ONLY|
System: Metatrader 4
Needed indicators: 5 indicators included
Currency pair: EURUSD, AUDUSD, GBPUSD
Limits by accounts: No
Type of trading: Short-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: any
TakeProfit and StopLoss: 136 – 218 pips max.
Size of TakeProfit or StopLoss: 136 – 218 pips
Duration of trades: average 15 min – 16 hours
Time of trading: 1 day
Lots: 0,01 – 100
VPS or Laptop: need 24/5 online
Intraday is another way of saying “within the day.”
- Average True Range indicator;
- Bollinger Bands indicator;
- Ichimoku Kinko Hyo indicator;
- Momentum indicator;
- Average Volume 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.
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.
The Momentum indicator is a speed of movement indicator designed to identify the speed (or strength) of price movement. The momentum indicator compares the most recent closing price to a previous closing price (can be the closing price of any time frame).
Average Volume indicator – compare the average volume for the specified period to determine if volume is above or below average.
What do you need for testing this advisor:
- Open broker account or use existing. We recommend 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.
Strategy tester video
If you need help to install trading robots, We can help you to do that with teamviewer.com software.
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