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P S Technical Tradingbot

The underlying P.S.-Technical Trading bot is a computer program written in the MQL5 language. The P.S.-Technical Trading bot is a fully automated trading robot based on the two developed technical indicators, ADX and Parabolic SAR, developed by technical analyst Welles Wilder Jr.

If you want to learn more about this, I recommend the book "New Concepts in Technical Trading Systems" which was published in 1978.

In addition, the trading bot eliminates all too understandable emotions during trading.

Following a few quotes from Welles Wilder Jr.:

1. "Letting your emotions override your plan or system is the biggest cause of failure."

2."Some traders are born with an innate discipline. Most have to learn it the hard way."

3."If you can't deal with emotion, get out of trading."

All these problems are taken care of by the trading robot.


Product description:

The P.S.-Technical trading bot is based on a strategy developed by technical analyst Welles Wilder Jr. The P.S.-Technical Trading bot works with two indicators, the ADX and the Parabolic SAR.
Fully automatic trading 24/5. The EA works around the clock, fully automatic.
The P.S.-Technical trading bot was optimized once with real ticks with a modeling quality of 99.99 %.
Does not require a large initial deposit (1000 € or less sufficient)
Important: The recommended default setting is for EUR/USD M15. So if possible make sure you use the 15 min chart. The 10 min or 5 min chart would theoretically also be possible, but better trends can be derived mathematically from a longer chart duration, with which the P.S.-Technical tradingbot tends to work better.
The delay of a VPS server or virtual hosting should not exceed 15 ms.

How it works:

The P.S.-Technical trading bot uses the ADX indicator and the Parabolic SAR indicator to open a long position or a short position based on these trading signals.

The two indicators are used as an entry signal for opening a trade and determine when the trading bid opens a long position or a short position.

Explanation of the ADX indicator: The ADX measures trend strength. It therefore provides information on whether bulls or bears dominate a market. If the ADX is over 20, for example, then you usually have a trend. If the ADX, for example, has a value above 20 and there is now a crossing between the two lines DI+ and DI-, then this crossing has a force and indicates a possible upward trend.

If, for example, the ADX is over 20 and a crossing of the two lines D+ and D- takes place, this means an entry signal for the P.S.-Technical tradingbot. The first and the second parabolic SAR indicator points is also taken into account if it is below (bullish signal) or above (bearish signal) the candle. A buy position is only opened if both signals match, i.e. if, for example, there is a crossing between the lines D+ and D- and the SAR Parabolic indicator appears under the candle. Conversely, the same applies except that the P.S.-Technical trading bot opens a sell position in this case.

The P.S.-Technical trading bot therefore pays attention to a crossing between D+ and D- and D- and D+, if the ADX indicator is above your set value, and it also uses the signal of the Parabolic SAR indicator to strongly minimize false signals or sideways trends.


The P.S.-technical tradingbot is fully automated and the user can change the following input parameters:

  • ADX value setting used as threshold value for trends
  • ADX period setting
  • Adjustable lot size - a quantity that the EA will trade
  • Take Profit - in points for buy trade setting
  • Stop Loss - in points for buy setting
  • Trade comment buy trade setting
  • Take Profit - in points for sell trade setting
  • Stop Loss - in points for sell setting
  • Trade comment sell setting
  • EA Magic Number - used for trade identification

The money management is completely automated and you don't have to worry about anything after the first setup. Hint: use ADX period 27.

The P.S.-Technical trading bot is designed for both professionals and beginners. Furthermore, the chart of the asset is checked for the trading strategy and takes the trading decision away from you within seconds. You gain a lot of free time because you don't have to sit in front of the monitor all the time waiting for a favorable entry signal.

Please feel free to contact me if you have any further questions.

Best regards

Paul

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Libérez tout le potentiel de vos investissements Forex avec Finvesting EA, votre allié de confiance dans le monde du trading de devises. Ce conseiller expert (EA) est conçu pour améliorer votre investissement Forex et vous aider à atteindre vos objectifs financiers en toute confiance. Performance en direct : Finvesting EA a un historique en direct avec des échanges stables. Compte réel Performance en direct MT4 : https://www.mql5.com/fr/signals/1715664 MT5 : https://www.mql5.com/fr/signals/
ScalpAuT
Vadym Zhukovskyi
5 (5)
Experts
ScalpAuT - a scalping timing bot. Today we want to introduce the indispensable ScalpAuT assistant. This is an Expert Advisor that works on any financial pair according to the timings (time levels) of the VIST system. It took us a long time to decide whether to release an expert or not. Many people are looking for the Grail. They only dream of doing nothing, but earning millions of money. Dreaming is always good. But our advisor is definitely not for such people. Our Expert Advisor is designed fo
Nasdaq Quants NAS100
Teresa Maria Pimenta
Experts
Nasdaq Quant NAS100 PROMOÇÃO :1200 USD PROXIMO PREÇO:1950 USD Expert Nasdaq est un système de trading Scalper dynamique et optimisé conçu pour tirer profit en toute sécurité Le système complet avec gestion des risques basé sur l'optimisation des réseaux de neurones et le système d'augmentation de lot intelligent basé sur le bénéfice du solde convient aux débutants et aux commerçants expérimentés. Utilisez les ordres mobiles en attente et profitez des replis du marché afin de pouvoir offrir un
Waka Waka EA MT5
Valeriia Mishchenko
4.1 (39)
Experts
EA has a live track record with 4.5 years of stable trading with low drawdown: Live performance MT4 version can be found here Waka Waka is the advanced grid system which already works on real accounts for years. Instead of fitting the system to reflect historical data (like most people do) it was designed to exploit existing market inefficiencies. Therefore it is not a simple "hit and miss" system which only survives by using grid. Instead it uses real market mechanics to its advantage to make p
News Catcher Pro MT5
Valeriia Mishchenko
4.75 (16)
Experts
News Catcher Pro is a mean-reversion strategy that uses intraday seasonal volatility patterns caused by high-impact news events. It enters the market at a certain time shortly before a high-impact news event occurs . It does not trade frequently! Supported currency pairs: GBPUSD, EURUSD, EURGBP Recommended timeframe: M5 MT4 version can be found here EA is   FIFO compatible To backtest the EA you should download the news events data file ' NewsEvents.txt ' and copy it to the common MT4/5 dir
Sinergy Neural Al Model Prop EurUsd
Yevgeniy Koshtenko
Experts
MQL5 - a machine learning model for prop trading, developed by a real trader with over 8 years of experience and extensive experience in algorithmic trading. The model works on the euro/dollar pair in the hourly timeframe. The model was trained on a history segment from 2000 to 2010 and has been successfully operating on a real prop firm account with live monitoring. Our model is excellently stable to new data, avoids over-optimization and overfitting, passes shuffle tests, walk-forward tests, M
Undefeated Triangle MT5
Nauris Zukas
4.27 (11)
Experts
La description. Ce produit a été créé dans le cadre d'un projet " PULSE_OF_MARKET ". EA "Undefeated Triangle" est un système avancé qui exploite les fluctuations uniques entre les devises AUD, CAD et NZD. Historiquement, les résultats montrent que ces paires utilisées dans la composition reviennent toujours la première paire déplacée après un mouvement rapide dans une direction. Cette observation peut permettre d'inclure un système grille-martingale qui permet d'obtenir le maximum de points de
Forex Workstation
Maryna Shulzhenko
Experts
Forex Workstation   is a powerful and efficient Forex trading bot designed to use patterns, price hold levels, volatility analysis and market scaling. This bot offers unique capabilities for automated trading and optimization of strategies on various currency pairs. Let's look at the main functions and settings of Forex Workstation: Main functions: • Multicurrency: Forex Workstation supports a wide range of currency pairs, which allows you to diversify your portfolio and distribute risks. • Usin
Doctor Winston mt5
Nadiya Mirosh
Experts
Description of the Doctor Winston bot General characteristics: Name: Doctor Winston Type: Ultramodern Forex trading bot Instruments: Trades on most currency pairs and instruments Timeframe: Can be set to any timeframe Bot settings: Money Management (Capital Management): MMOn: Enabling/disabling capital management (true/false) DefaultVolume: Default transaction volume (0.01) MMCalc: Base amount for capital management (1000) Indicators: ALength, BLength, CLength, DLength, ELength: Parameters
Golden Pickaxe MT5
Valeriia Mishchenko
3.7 (10)
Experts
EA has high-performance live track records of different set files: XAU Risky Vol XAU Balanced Vol XAU Balanced MT4 version can be found here Golden Pickaxe is a mean-reversion grid trading system that uses machine learning technology to place high-profit potential trades on the Gold market. It uses real market inefficiencies to its advantage to have an edge over the market. The EA has 5 predefined set files, which are essentially 5 different trading systems on gold . You may choose the def
Trade Extender
Loncey Duwarkah
5 (1)
Experts
Incredible Feature Updates!  Autonomously executes trades, overseeing the entire process from initiation to completion.  Free support via chat, email and remote assistance Originally built for XAUUSD (Gold). Settings changes for other symbols Unlimited session trend following setups Dynamic News Events  Feed integration. EA re-adapts settings in session for better risk support Multiple strategies: MACD, Overbought/Oversold, Scalping, Hedging Microsoft Office Integration export trades, deals
MasterEA trustfultrading
Tobias Christian Witzigmann
Experts
Hi, I'm an algo trader from Germany and I'm offering my own EA here, which I use daily for my trading and which I've been continuously developing for several years. It is important to understand that this EA is a very complex tool that can be used to trade different strategies. Different entry and exit signals can be combined with different filters. There is also an extensive stop loss and take profit management system. I use the Master EA daily for my own trading. I test and develop new s
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