Rising Sun FX
- Experts
- Mark Jones
- Version: 1.0
- Activations: 5
Hi fellow traders, and welcome to my first EA.
After many months of development and back-testing, I can only now release what I feel confident is a robust, reliable, and extremely simple signal generator / automated trader. The premise is that the EA looks for entries just before a major push in the trend direction. If the preset SL is not hit, the intent is that the trades should be allowed to run for as long as it moves in a positive direction (this can be 15, 30, 90 days+).
The bot works best on the following pairs:- AUDJPY, EURCAD, EURJPY, GBPJPY, GBPNZD & works on JPN225 Index.
There is no TP function. I would suggest that individuals develop their own strategy for leaving trades (easy part). There is however, a function to close all trades on Friday at the end of the weeks session.
This program has ALL buy and sell conditions pre-established, including fixed / non-adjustable timeframe. The only variables which the user can adjust:-
- Risk % (recommend 1% up to 3%, there is no max.)
- SL% (recommend 0.2 - 0.3%)
- No of losses per day (recommend left at 1, to protect the account during volatile days)
- Max. drawn down (monetary value of account - balance)
- Days to trade (Mon - Sun)
- Close time Friday (Time, Y / N)
That's it!! It couldn't be easier, and that's the point. You can't throw the EA off with bad settings, users with varying skill & expertise levels will get largely similar results.
Further recommendations during use:
- BOT is optimised to strictly start after UK open 8am GMT, and cease trading at 8pm GMT, a full 12 hour session to capture both European and US markets (typically 8:05am > 8pm GMT). Please adjust to suit your broker / geographic time-zone
- It should not trade Asia sessions or at exact open / close times of major markets
- Start off with LOW risk level, only increasing once confidence / dependability is proven
- The stop-loss be moved to break-even once a trade is 400-500 points+ in profit (FX)
- Monitor the trades throughout the day / week
- Consider adding to any trades which have been running for several days
- Let trades run for as long as possible
There will be no planned / major revisions to the software. I am full-time employed in addition to trading so cannot offer comprehensive after-sales care. I do hope any buyers find the EA beneficial, its changed my prospects and mindset, which is invaluable.
Please note all screenshots of back-testing is indicative only, does not guarantee future performance. None of the above is financial nor professional advice, it is only my belief based on personal experience. No warranty implied or given. Happy trading! :)
