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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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Sblocca tutto il potenziale dei tuoi investimenti Forex con Finvesting EA, il tuo alleato di fiducia nel mondo del trading valutario. Questo consulente esperto (EA) è progettato per migliorare il tuo investimento Forex e aiutarti a raggiungere i tuoi obiettivi finanziari con sicurezza. Spettacolo dal vivo: Finvesting EA ha un track record in tempo reale con scambi stabili. Conto reale Spettacolo dal vivo MT4: https://www.mql5.com/it/signals/1715664 MT5: https://www.mql5.com/it/signals/19733
Navigator FX mt5
Tatiana Savkevych
Experts
Navigator FX: Your reliable guide to the Forex market Navigator FX is an advanced trading bot designed for Forex traders. This innovative tool has a wide range of features that allow traders to effectively manage their trades and strategies. The price for the first user will be low, and it will increase in the future. Advantages of Navigator FX: Reliability and Stability: Navigator FX is designed to the highest standards of reliability and stability. Intelligent Risk Management: Built-i
Vestor Panda Auto News Trader
Ngonidzashe Jiji
Experts
Documentazione e supporto qui Presentazione del Panda Robot News Trader EA: una rivoluzione nel trading di notizie Forex! Hai mai immaginato di fare trading nel vibrante mondo delle notizie Forex con una facilità e un'efficienza senza precedenti? Ecco a voi il Vestor Panda News Trader! Questo avanzato Expert Advisor (EA) è il tuo strumento definitivo per immergerti negli eventi di notizie, dotato di due strategie dinamiche per capitalizzare sui movimenti di mercato scatenati dagli annunci eco
Inion
Oleksii Ferbei
Experts
Inion is a modern multi-currency Forex trading bot designed for maximum automation and efficiency. This expert advisor uses the latest algorithms to analyze market conditions and execute trades, delivering stable profits with minimal risk. Inion provides users with flexible settings, allowing it to adapt its work to different trading strategies. The user can configure strategy parameters, stop loss and take profit levels, lot sizes and other parameters. This makes the bot a universal tool, su
Nasdaq Quants NAS100
Teresa Maria Pimenta
Experts
Nasdaq Quant NAS100  We accept copyright proposals if you want to own Ea Expert Nasdaq is a Dynamic and Optimized Scalper Trading System Designed to Profit Safely Complete system with risk management based on neural networks optimization and smart lot increase system based on balance profit is suitable for beginners and traders experienced. Use Mobile Pending Orders And Take Advantage Of Market Pullbacks So You Can Offer A Shorter And Safer Stop You Can Cover Your Winnings Use Default Sett
Never Dies MT5
M Ardiansyah
4.25 (4)
Experts
Never Dies EA is a super professional EA using advanced mathematical and statistical theories. The EA analyzes multiple timeframes (Chart Timeframe and D1) to detect strongest directions and verify signals. The EA is in the category of HFT trading EAs and will not use any dangerous recovery methods such as grid, martingale, hedge, .... All trades are powered by TP/SL to control the risk of the account. Also some smart algorithms inserted inside the EA to adjust some settings based on selected sy
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
Undefeated Triangle MT5
Nauris Zukas
4.2 (10)
Experts
Descrizione. Questo prodotto è stato creato come parte di un progetto " PULSE_OF_MARKET ". EA "Undefeated Triangle" è un sistema avanzato che sfrutta la fluttuazione unica tra valute AUD, CAD e NZD. Storicamente i risultati mostrano che queste coppie utilizzate nella composizione ritornano sempre indietro per prime dopo un rapido movimento in una direzione. Questa osservazione può consentire di includere un sistema griglia-martingala in grado di ottenere il massimo dei punti di queste situazio
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
Fox AI
Ruslan Nicolaev
4 (4)
Experts
Fox AI è un sistema completamente automatizzato che negozia le valute di notte, utilizzando l'apprendimento automatico e algoritmi intelligenti per aprire operazioni durante il periodo di rollover e chiuderle entro 12 ore. Si basa su un'applicazione di deep learning chiamata Kras, che gira sulla piattaforma Tens. Kras è ampiamente utilizzato da organizzazioni come la NASA, YouTube e CORN. Il sistema Fox AI ha avuto un successo costante dal 2003 e non utilizza tecniche di gestione del denaro risc
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
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
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