Elon Musk Trader
- Experts
- Yashar Seyyedin
- Versione: 1.0
This is Elon Musk Trader.
Do you think why I named it this way?
==> As you know Elon Musk is a hard working man and the same is true for this EA. Which means it continues gathering profits even when other open positions are in drawdown.
Entry rule:
Do you think this EA makes trading decisions based on AI(Artificial Intelligence)?
==> The answer is no. This is making trading decisions based on simple supertrend indicator.
Exit Rule:
It gathers profits when each position reaches TP level.
DrawDown handling:
How does this EA overcome drawdown?
==> It simply memorizes most recent balance before drawdown started. Whenever equity reaches that level again it closes all positions in drawdown.
Inputs:
commision per lot: This is essential to know to achieve profitable closure. Make sure to know how much your broker is charging you.
lot size: fixed lot size to open positions
TP in points: how many points in profit to close each position
Note: The logic behind this EA assures you that you get almost same balance/equity curve on whatever symbol/timeframe you test it. But to ensure profitability you have to choose small enough lot sizes as well as a logical TP.
note: For MT4 version contact via private message.
Recommended Setting:
EURUSD(M1 time frame)
period: 2023.1.1 to 2024.1.1
commision per lot: choose based on your broker. Mine is 1.5 usd per lot for EURUSD
lot size: 0.01
TP: 100 points
Нормално