FX File
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Overview:
This EA algorithm is designed to capitalize on momentum and works effectively with most Forex pairs and commodities. It diversifies risk by operating across multiple instruments. Using momentum detection, the EA intelligently manages positions by closing or reversing trades when a trend reversal is identified. It employs dynamic take-profit (TP) and stop-loss (SL) levels that adjust to current market movements while staying within user-defined TP and SL limits.This EA leverages trend momentum, taking advantage of sharp downturns or unusual price surges, which often revert to their normal patterns. It is optimized to run across multiple instruments simultaneously, with all strategies backtested on approximately one year of historical data, showing positive outcomes. By distributing performance and risk across different instruments, the EA ensures a balanced approach.
To minimize risk, the EA limits the number of open positions at any time(Set to 3 by default), ensuring drawdowns remain within trader expectations.
Given that instrument data may vary across platforms, I will provide optimized settings (Set files) in the comments section. Traders who purchase this EA are encouraged to run their own optimization tests, as account balance and leverage can vary significantly between individuals.
Recommended Optimization output(for strict proprietary firm rules):
- Equity Drawdown Maximal: ≤ 1.5% (Adjust Input Order Size to archive)
- Profit Factor: 1.6 - 3.8
- Total Trades (Annual): 30 - 70
Feel free to rate this EA, share your SET preferences with others for different firm.
How to Optimize for other firm:
- You may use one of the provided SET file for the same instruments, or your own preferences.
- Set the settings with the Balance and Leverage of your choice.
- Set the Start,Step,Stop value for Input ConfidentThreshold (Step = 0.01), Aggresive Level ( Step = 0.01) , Support and Resistance(LeftBar) ( Step = 1) , Support and Resistance (RightBar) ( Step = 1)
- Run the first optimization test, taken the best results with the value, double cick on the pass result you desire (ProfitFactor Max or BalanceMax).
- Second run, adjust the Custom TP, SL for Long and short.
- Record of the best variable from the results.
- ThirdRun, adjust "Order Size" accordingly to adjust the maximum dradown (recommended < 1.5%)