|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.
- 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
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