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  • Reviews (2)
  • Comments (6)
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Go Long Advanced

5

Free Until Jan 01st | 267/300 Free Copies Redeemed

The Go Long EA implements an advanced intraday trading strategy based on the principle of systematic daily trading with multiple technical confirmations. While many traders seek complex algorithms, this EA combines simple yet effective concepts with sophisticated risk management and multiple technical filters.

The EA opens positions at a specific time each day, but only when market conditions align with multiple technical indicators. This systematic approach helps capture intraday moves while avoiding overnight holding costs that can eat into profits. The EA automatically closes positions at a predetermined time, making it perfect for traders who want to avoid overnight exposure.
 

Money Management

  • Base Money: Capital for risk calculations
  • Risk Percent: Risk per trade
  • TP/SL Percent: Take profit/Stop loss levels
  • Dynamic position sizing with multipliers

  • Trading Session

  • Custom open/close hours
  • Trading day selection (Mon-Fri)
  • Magic number identifier
  • Automatic position management

  • Position Management

  • Trailing stop functionality
  • Break-even protection
  • Custom trailing steps
  • Automatic position closure

  • Technical Filters

    Moving Average (MA)

  • Custom period settings
  • Price relationship checks
  • Risk multiplier above MA
  • Special RSI conditions below MA

  • RSI

  • Oversold condition monitoring
  • Custom threshold settings
  • Risk multiplier for conditions
  • Period customization

  • MACD

  • Trend confirmation
  • Fast/Slow/Signal periods
  • Signal line validation

  • ATR

  • Volatility monitoring
  • Custom period settings
  • Maximum volatility threshold
  • Risk adjustment based on volatility

  • Bollinger Bands

  • Price position validation
  • Custom period and deviation
  • Inside/Outside band trading rules
  • Standard deviation settings

  • ADX

  • Trend strength measurement
  • Minimum strength threshold
  • Custom period settings
  • Trend validation

  • Additional Filters

  • Momentum indicator
  • Stochastic oscillator
  • Ichimoku cloud system
  • Swing pattern recognition

  • Each technical filter can be enabled/disabled independently, allowing traders to customize the strategy to their preferences. The EA's sophisticated position sizing algorithm takes into account all enabled filters when calculating trade size.
    Reviews 2
    acer56
    126
    acer56 2024.12.11 03:10 
     

    Very useful ea. For trading some further seasonal approaches it would be great if there was still the option for a trailing sl, a breakeven function and to select the days of the week.

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    acer56
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    acer56 2024.12.11 03:10 
     

    Very useful ea. For trading some further seasonal approaches it would be great if there was still the option for a trailing sl, a breakeven function and to select the days of the week.

    Phantom Trading Inc.
    1488
    Reply from developer Nithin Elbin 2024.12.11 04:23
    great suggestions. I will add these features in the next update shortly.
    [Deleted] 2024.12.09 18:26 
     

    User didn't leave any comment to the rating

    Reply to review
    Version 1.40 2024.12.17
    - Added Heiken Ashi filter based on previous daily candle reading.
    - Small fixes to improve performance
    Version 1.30 2024.12.11
    Added Trailing Stops, Breakeven function and parameters to enable days of the week individually.
    Version 1.20 2024.12.08
    Normalized risk over all broker to work properly
    Version 1.1 2024.12.08
    Updated Defaults