This is a versatile Expert Advisor for trading on any currency pairs. The EA applies only Moving Average in trading. When a price retreats to a preset distance, the robot places a grid of pending orders and averages the profit while they are opened. A news filter has been added to the Expert Advisor!
Recommended Usage
- Low spread;
- Currency pair – any (recommended – EURUSD and GBPUSD);
- Timeframe – М30;
- In the news filter settings, it is recommended to set 30 minutes before and 30 minutes after the news release;
Configurations
- Use Averaging – use averaging (true/false);
- Number of Orders – the number of orders in the grid;
- Multiplier – lot multiplier;
- Take Profit – recommended 10 points (for 4-digit quotes);
- Lot – recommended from 0.01 to 0.5;
- Slippage – slippage;
- Magic number – magic number;
- Distance to the first order – indent from the market price to the first grid order;
- Distance between orders – distance between grid orders (recommended – 30 points);
- Offset from the Moving – price deviation from moving average;
- MA Period – Moving Average period;
- Use Trailing – use of the trailing stop function;
- Trailing Stop Start;
- Trailing Stop Distance – trailing step;
- Use Drawdown – enable the maximum allowable drawdown;
- Drawdown (%) – drawdown value;
- News Filter ON/OFF – enable or disable the news filter;
- Indent after News, minutes – time after a news release;
- Indent before News, minutes – time before a news release;
- Enable light news – enable low-impact news;
- Enable medium news – enable medium-impact news;
- Enable hard news – enable high-impact news;
- Your Time Zone, GMT (for news);
- Currency to display the news (empty – only the current currencies) – choose currencies to track news for;
- Draw lines on the chart;
- Draw only the future of news line;
- Signals on the upcoming news ;
The news filter operation requires the following link to be added to trusted URL:
http://ec.forexprostools.com
Have a happy trading.
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