Sira EA
- Experts
- Aristeidis Gitas
- Versione: 1.1
- Aggiornato: 4 aprile 2025
- Attivazioni: 15
Description: This Expert Advisor (EA) is designed for trading the EUR/JPY currency pair on the M30 timeframe. The EA leverages multiple technical indicators and strategies to determine when to open and close trades, optimizing profitability while managing risk. It incorporates several conditions based on price action, the RSI (Relative Strength Index), the SMA (Simple Moving Average), and trading volume.
You will find the SETFILE in the comments.
Leave a good review and receive bonus setfiles GBPUSD 15Μ, EURUSD 30Μ, CADJPY 30Μ.
Key Features:
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Minimum Capital: $400
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Primary Trading Pair: EUR/JPY
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Timeframe: M30 (Can be used on other timeframes with appropriate adjustments)
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Multi-symbol Support: The EA can be adapted to work with other currency pairs by adjusting the settings.
Indicators Used:
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RSI (Relative Strength Index):
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The RSI is used to gauge overbought and oversold conditions.
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Overbought Condition: When the RSI is above 70, indicating that the market may be overbought and a reversal could be imminent.
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Oversold Condition: When the RSI is below 30, suggesting that the market might be oversold, and a potential price rise is expected.
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The EA uses these levels (RSI > 70 for overbought and RSI < 30 for oversold) to trigger buy or sell opportunities.
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SMA (Simple Moving Average):
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The EA uses a 50-period Simple Moving Average (SMA) to determine the market trend.
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If the price crosses above the SMA, it indicates an upward trend, triggering buy positions.
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If the price crosses below the SMA, it suggests a downward trend, prompting the EA to initiate sell positions.
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Volume:
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The EA checks trading volume to filter out trades during low liquidity periods. A minimum volume of 6500 is required for trade initiation. This helps avoid trading during times of market uncertainty or low participation.
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Trading Logic:
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The EA checks if the current market conditions align with its strategy every tick. It checks the time of day and limits trading to certain hours, configurable with the start_Time and stop_Time parameters.
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Trades are opened if the following conditions are met:
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The RSI is either above 70 (for a potential sell) or below 30 (for a potential buy).
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The price crosses above or below the 50-period SMA.
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The trading volume is above a minimum threshold.
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Extra Positions: The EA can add extra positions if the price moves a certain distance away from the initial entry price. This is controlled by the extraPositionPointsDistance parameter. The lot size of new positions is multiplied by a specified factor ( lotMultiplier ) to increase exposure in the market when conditions are favorable.
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Trade Management:
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The EA automatically calculates the appropriate lot size based on the balance and predefined parameters such as stepAmount and baselotSize .
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The stop loss and take profit levels are dynamically set based on user-defined input. If no stop loss is set, the EA will only use take profit levels.
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If there are open positions, the EA will monitor their performance and close them if the target profit percentage ( targetProfitPercentage ) or target profit in USD ( targetProfitUSD ) is reached.
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Additional Settings:
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The EA has an option to disable trading on Fridays with the tradeOnFriday input.
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Users can set a maximum spread level ( maxSpreadPoints ) to avoid opening trades when the spread is too wide, ensuring that trades are opened only during favorable market conditions.
Risk Management:
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The EA includes a mechanism to check if there is enough margin available to execute the trades. If there isn't enough margin, no trade will be opened.
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It also allows for managing multiple positions by dynamically adjusting lot sizes as the market moves in the trader's favor.
This EA uses a combination of RSI, SMA, and volume to enter trades, ensuring that positions are only opened when there is sufficient market momentum. The dynamic lot-sizing and profit management features further enhance the potential for profitability while maintaining risk controls.