The Chameleon
- Experts
- Evren Caglar
- Versão: 1.0
The Chameleon: It is often not the EA brings you consistent profits, it is the way you use it!
You do not need a complex trading algorithm and cost $$$ EAs to make consistent gains in financial markets.
Chameleon EA is simple yet powerful EA relying on the use of Fibo levels with AI technology. Trading principle is robust and virtually could be applied to any instrument with a correct optimization. This is why we name this expert advisor as The Chameleon!
The basic trading principle of the Chameleon is to evaluate the current market price of an instrument if it is in premium or discount.
When you decide to buy something, you consider if it is cheap or not, don't you? So institutional algos do the same thing so does the Chameleon.
Your risk is always controlled as all orders comes with SL. Chameleon does not use grid or martingale strategies.
For detailed explanation of the algorithm, the recommended use and optimization routine, I advise you to read The Chameleon User Manual.
Recommended Setup:
Instrument: Gold ( You do not need a separate set file for it)
Time Frame: M30
Backtest Profile: Last 6 months considered as described in the manual ( You can expand the optimization period)
Enjoy this free EA and don't hesitate to ask me any question.
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