EurAscend

EurAscend

EurAscend is a powerful and innovative trading robot designed specifically for the EUR/USD currency pair on the 4-hour (H4) timeframe. It is tailored for traders seeking progressive gains while effectively managing risk. EurAscend's strategy focuses on capturing key market trends and momentum within the H4 timeframe, balancing profitability with controlled risk in medium-term trading scenarios.

Technical Indicators Utilized:

• Moving Average Convergence Divergence (MACD): EurAscend leverages MACD to detect shifts in market momentum and identify trend reversals or confirmations. This ensures precise trade entries during pivotal market movements.

• Average True Range (ATR): By incorporating ATR, the robot measures market volatility, helping to set dynamic stop-loss levels that adjust to fluctuating market conditions. This is especially useful in the H4 timeframe, where volatility can vary significantly.

• Exponential Moving Average (EMA): EurAscend employs EMA to smooth out price data, emphasizing recent market movements. This helps the robot align trades with the prevailing trends in the medium term, ensuring timely and accurate decision-making.

Input Parameters Explained:

• Magic Number: EurAscend allows traders to assign a unique Magic Number to distinguish its trades from manual or other automated strategies. This aids in monitoring and managing trades with precision.

• Profit Factor: This input defines the robot’s risk-reward ratio, ensuring a balanced approach where profits are maximized relative to risk. Traders can adjust this parameter to fit their strategy for medium-term gains.

• Stop Loss: EurAscend offers customizable stop-loss settings, dynamically adjusted based on market volatility using ATR. Traders can fine-tune this parameter to reflect their risk tolerance, especially on the H4 timeframe where trends are more stable but swings can be larger.

• Lots: Traders can configure the lot size according to their account size and risk appetite. EurAscend’s flexibility in trade sizing ensures that position sizing matches individual trading goals.

• Configurable Filling Mode: EurAscend provides multiple filling modes for order execution, adaptable to various market conditions:

  • ORDER_FILLING_FOK (Fill or Kill): Ensures that the entire order is filled or canceled, optimal for traders seeking full execution in one go.

  • ORDER_FILLING_IOC (Immediate or Cancel): Executes as much of the order as possible immediately, with the remaining portion canceled.

  • ORDER_FILLING_RETURN: Executes the available portion of the order and keeps the rest unfilled, providing greater flexibility in dynamic markets.

  • ORDER_FILLING_BOC (Best Order Completion): Fills part of the order at the best available price and completes the rest as market conditions allow.

Development and Testing:

• Optimization Period: EurAscend has been rigorously optimized from 2015 to 2022, ensuring its performance is robust and reliable across various market environments on the H4 timeframe.

• Out-of-Sample Testing: From 2022 to 2024, the robot has undergone extensive out-of-sample testing, validating its adaptability to live market conditions in the medium-term trading space.

With its advanced technical indicators, customizable input parameters, and focus on the H4 timeframe, EurAscend offers a robust and flexible trading solution for EUR/USD traders looking to capitalize on progressive gains while maintaining strong risk control.