Market / MetaTrader 4 / Experts /

Europa

FREE

Published: 16 March 2021

Current version: 2.33

Europa

Experts
Todd Terence Bates
Version: 2.33
Updated: 8 April 2021

This Expert advisor has been designed specifically for the EURUSD H1 Foreign Exchange(FX) market to open, monitor, modify and adjusts orders automatically 24/5.

Trading with clear and comprehensive entry and exit rules.

There is no need to adjust any parameters, simply assign a unique MagicNumber and designated mmLots per trade and GO!

The system logic is based on technical analysis.

Every Trade has a fixed Take Profit and Stop Loss set from execution.

Europa utilizes the Keltner Channel in combination with RSI.
Pending orders are set with BUY or SELL STOP which are continually modified according to market conditions through the Bolinger Band Width Ratio(This indicator is an executable indicator built into the Europa, there is no need to download any further indicators to function).

A trailing stop is adjusted through the Average True Range (ATR) measuring the volatility in the market and helping to lock in pips.

Default Parameters

Assign your own MagicNumber and mmLots prior to trading on a live account.

The values can be changed, it is recommended to keep the Default Parameters.

Variable	Default Value	Comment
MagicNumber	112163	Unique identifying number allocated to Expert Advisors for executions and management of trades. Each chart is to be assigned an individual Magic Number


smm		-------Money Management - Fixed Size-------
mmLots	0.05	Size to open trade in lots.


cat1		----------- External Parameter Options -----------
KCerPeriod	20	Keltner Channel Period
RSIPeriod	20	Relative Strength Period


seof		-------Exit On Friday-------
ExitOnFriday	False	If true - Close all positions on Friday
FridayExitTime	22:00	Time of day

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EURUSD
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Version 2.33 2021.04.08

External Parameters Updated

Version 2.3 2021.03.29

This version contains a bug fix.