Amalthea Expert
- Experts
- Ruengrit Loondecha
- Version: 1.2
- Updated: 4 August 2024
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@ 3.8.2024 Updated setting to Version 1.2
@ See result after Tuned in Comment
@ No set files needed, Feel free download and putting EA to chart
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@ 3.8.2024 Updated setting to Version 1.2
@ See result after Tuned in Comment
@ No set files needed, Feel free download and putting EA to chart
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- Amalthea Expert for XAUUSD [GOLD] - M30.
- Can trade with 200$-500$ for 0.01 lot
- Optimize update monthly. stay tune in Comment.
- Live trade @ https://t.me/lullfrx
Indicators
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Rate of Change (ROC):
- ROC is a momentum oscillator that measures the percentage change in price between the current price and the price a certain number of periods ago. It helps identify the speed and magnitude of price movements, providing signals for potential price reversals.
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Average Directional Index (ADX):
- ADX is a trend strength indicator that quantifies the strength of a trend but does not indicate its direction. It ranges from 0 to 100, where a higher value indicates a stronger trend.
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Fractals:
- Fractals are a technical analysis tool used to identify potential reversal points in the market. A fractal is composed of five or more bars and highlights a "high" or "low" price point surrounded by lower highs or higher lows.
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Stochastics:
- The Stochastic Oscillator measures the closing price relative to the high-low range over a certain number of periods. It ranges from 0 to 100 and is used to identify overbought or oversold conditions.
Strategies
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Trailing Stop by MTKeltner:
- The Keltner Channel is a volatility-based indicator similar to Bollinger Bands but uses the Average True Range (ATR) instead of standard deviation. A trailing stop using MTKeltner follows the price at a certain distance, allowing traders to lock in profits as the price moves favorably.
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Pending Stop Order with Heiken Ashi:
- Heiken Ashi is a type of candlestick chart that filters out market noise, making trends easier to identify. A pending stop order can be placed based on Heiken Ashi signals, waiting for a trend confirmation before entering a trade.
Risk Management
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Profit Target by Coef * ATR(20):
- The Average True Range (ATR) measures market volatility. Setting a profit target using a coefficient multiplied by the ATR(20) provides a dynamic exit point based on recent market conditions.
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Stop Loss by Percentage:
- A stop loss is set as a fixed percentage of the trade's entry price, limiting potential losses if the market moves against the position.
