Multicurrency Safe and Relax
- Experts
- Handiko Gesang A S
- Version: 1.0
- Activations: 8
Multicurrency Safe and Relax expert advisor is a realistic EA which profits from statistical market anomaly on Gold, Forex, and German Index market. By using thorough statistical analyses, it detects and employ clever strategy to ride the trend. It runs simultaneously on the following symbols:
- Gold
- USDJPY
- EURJPY
- GBPJPY
- CHFJPY
- AUDJPY
- CADJPY
- NZDJPY
- German Index (DE40, GER30, DAX, ... etc), and
- EURCHF
You may disable any symbols which you do not want to trade on.
This is NOT an EA which are:
- Scalper, High Frequency Trading. In reality, scalping and HFT on regular broker would only to results in high commissions (and spread costs) paid and moderate return. It would be better to have moderate amount of trades, which results in less loss trades and less commissions to pay!
- Martingale, Grid, Locking/Hedging, or other high-risk method
- Get rich quick scheme EA. There's no such EA. The Risk Management settings if set up correctly would yield consistent and safe growth overtime. You would not get rich overnight.
- Crazy high percent winrate EA. This EA is NOT over-optimized. In-fact, this EA only yields about 62% winrate (tested on Tickmill raw acc) on the long run, which is realistic. Go try on different brokers to test whether the performance is stable. Yes, it would yield different performance depending on the broker conditions but the variation is normal.
- Prop-firm oriented. This EA is suitable for personal account only. Not for prop-firm.
Notes:
- This EA internally would limit trades in particular symbols in particular months. You will expect some symbols will not place any trade if the internal algorithm decides that month is statistically yields low probability.
- This EA will put trades on each symbol infrequently.
- Don't be alarmed if the EA not put any trades immediately. The algorithm only put trades on high probability setup. Less loss trades and less commissions to pay!
- You must expect account growth in the long run. Again, this is not a get rich quick EA!
- Go try to do backtest on your account for at least 5 years of time range.
- Each trade is protected by hidden stop-loss and take profit mechanism.
Recommendations:
- Minimum Initial deposit: $500 would be safe for most cases.
- Leverage 1:100 or more is okay
- Using DYNAMIC_LOT scheme (see below). Only use FIXED_LOT if you know what you are doing!!!
- Account type: any
- Symbol to attach the EA: any symbol, any timeframe.
The most important settings:
- Lot scheme : FIXED_LOT or DYNAMIC_LOT. If you choose the FIXED_LOT, the base lot amount will be determined by the Manual Lot parameter. If you choose DYNAMIC_LOT, the base lot amount will be dynamically follows the Account Balance. The Risk Factor is used to scale the lot amount up or down.
- Manual Lot (FIXED_LOT) or Risk Factor (DYNAMIC_LOT): In FIXED_LOT scheme, this parameter will directly set the base lot. In DYNAMIC_LOT scheme, this parameter will scale up or down the base lot which will be determined internally. You could set any number from 0.01 which is the minimum risk factor. Risk factor of 1.0 (default) is good starting point. You could set more or less risk factor based on your own risk profile. For accounts which are using recommended minimal initial deposits ($500), it is recommended to set this parameter to 0.01 if you are using FIXED_LOT scheme.
- Lot Multiplier (XAUUSD, USDJPY, EURJPY, ... etc): Each symbol's lot amount could be increased or decreased by the multiplier. Actual symbol's lot = base lot x Lot multiplier. This parameter is useful if you want to allocate more or less risk on each symbol. For accounts which are using recommended minimal initial deposits ($500), it is recommended to set all Lot Multiplier to 1.
Regarding German Index:
- Each broker would have different German Index symbol. For example "DE40" on Tickmill and IC-markets, or "GER30", "DAX40", etc. on other broker. Please refer to your broker and set the appropriate symbol name on "German Index" Symbol parameter.
- You may also increase or decrease the Lot Multiplier for German Index to appropriate amount to "normalize" the lot. For example, due to different contract size of DE40 on Tickmill, I would use German Index Lot Multiplier set to 10. This way, the amount of profit or loss on this symbol would be similar to the forex pair.
- If you prefer not to trade this symbol, just disable the symbol by setting the "Activate trading on German Index?" parameter to false.
*Past performance is not indicative of future results*
