Candor

Candor

You can find the live signal here.

This is an honest advisor that completely avoids risky strategies like Grid or Martingale. It utilizes the price curve's wave movement, aiming to buy when the price is low and sell when the price is high. This succeeds more often than it fails. Unprofitable trades are automatically closed.

The strategy is almost independent of the spread, latency to the server, or execution speed. It thus works with any broker.

Each recommended pair has its own Magic Number and is traded independently of the other pairs. This means that as many trades can be open simultaneously as there are pairs activated.

The screenshots contain backtest results with a quality of 99.9% (tickstory).

Parameters (with default values)

• Lots = 0.01
  This lot size is taken for each pair when Risk is zero.
• Risk = 0
  If not zero, the lot size is calculated from the available margin. You can read it in the display and adjust it accordingly. Risk=10 represents 0.01 lot per $100.
• StopLoss = 0
  If not zero, this stop loss is added to each position (in points).
• TakeProfit = 0
  If not zero, this take profit is added to each position (in points).
• TrailingStop = false
• TrailingStopPoints = 10
  If you want a trailing stop.
• MagicBase = 6000
  The Magic Number from which the numbers for each individual pair start. Then "6000", "6010", "6020", etc. are used.
• CommentName = "Candor"
  The comment you can see in the terminal.

No instructions for use are necessary. Attach the EA to every H1 chart of a recommended pair.

It is strongly recommended to use the default settings and not to use TP, SL, or TS.

I plan to raise it to $450 in a few weeks if the system remains profitable.