Go Long EA
- Experts
- BM Trading GmbH
- Version: 1.0
- Activations: 10
The Go Long EA was designed to follow a really simple strategy. Many traders are seeking for the next super complex algorithm, while in reality the most basic concepts are the ones that work best. One of these basic concepts is the concept of growing economy. In theory (and the past has definitely proven this so far) the worldwide economy is always growing. In practice this means that some financial markets/symbols/products, such as index or stock CFDs, benefit from this.
So why not just buy these CFDs and benefit? Unfortunately most brokers charge a lot when holding positions over night. Therefore it is usually impossible (or simply not profitable) to just buy and hold index or stock CFDs. So the answer is intraday trading to avoid the rollover costs. While being a real hustle when done manually, this is where automation comes in handy. The Go Long EA will buy and close every single day at a specific time.
Low trading costs are still super important. If your broker has a extremely high spread or commission for example this EA will not be profitable.
Note: Using this EA is of course only necessary if you plan to make use of leverage. If you just want to invest long term go check out ETFs ;)
Note 2: The default inputs are NO recommendation and I do not recommend any specific settings. I do not know what will work best in the future. Please use the free demo to test the program (before buying!!) in the strategy tester to find the settings that you feel comfortable with.
<General Settings>
Wait For New Day High: If true, the EA will only buy if there is a new daily high after the trading start time
Trading Volume: Mode for the calculation of the lot size for each trade
Fixed Lots: Lot size for each trade if the fixed trading volume mode is chosen
Fixed Lots Per x Money: Uses "Fixed Lots" per each x amount of money in your trading account
Risk Percentage of Base Money: The lot size for each trade will be calculated so that the set percentage of Base Money will be lost if the initial SL is triggered
Base Money: Base Money used for calculation in Trading Volume mode VOLUME_PERCENT
TP Percent (0 = No TP): The distance form the entry order price to the TP calculated in percent of the position open price
SL Percent (0 = No SL): The distance form the entry order price to the SL calculated in percent of the position open price
<Time Settings>
Trading Start Hour: Hour for the trading start time/position opening
Trading Start Minute: Minute for the trading start time/position opening
Close Positions: Decides if open positions are closed at the close position time
Close Positions Hour: Hour for the close time of open positions
Close Positions Minute: Minute for the close time of open positions
<Trailing Stop Settings>
BE Stop Trigger Points (0 = Inactive): The Break Even Stop is activated as soon as a trade is more than the BE Stop Trigger Points in profit
BE Stop Puffer Points: The Break Even Stop will move the Stop Loss BE Stop Puffer Points in profit once it is activated
TSL Trigger Points (0 = Inactive): The Trailing Stop is activated as soon as a trade is more than the TSL Trigger Points in profit
TSL Points: The Trailing Stop will be trailed in this set distance behind the current market price
TSL Step Points: The SL will only be modified if it is at least this distance above the previous SL
<More Settings>
Order Comment: Commentary for every order the EA places
Magic Number: This number should be unique for every EA in your account since the EAs use it to identify their own trades
Chart Comment: Activates or deactivates the comment in the upper left corner of the chart
