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Exotic Pair Long Term EA MT5

This EA takes short-term trades in a trending USDZAR market. It uses a top down approach to establish trend, i.e. from the Daily timeframe down to the 60-min timeframe. From there a basket of MA's are analysed for setup validation and optimal trade entry. MA periods are updated dynamically based on current price volatility.

PLEASE NOTE NOTE:

  • Designed for USDZAR on Non-Dealing Desk Broker
  • If EA is disabled after 2mins, make sure to download at least 1 year's historical data for USDZAR via Views/Symbols/USDZAR.


Rules:
  • 1:1,4 Risk/Reward Ratio per trade
  • Only one long and one short open trade allowed at a time
  • Automatic closure of LONG trade after 11 hours if no TP/SL triggered
  • Automatic closure of SHORT trade after 13 hours if no TP/SL triggered


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This expert advisors search for short trend continuation movements, I recomend use it with BTC and ETH 4 Units left at 900 USD. Next price 1200 USD The approach is use a very few but high effectives rules / filters and an effective management of the opened position. Signal https://www.mql5.com/en/signals/2246489 Backtest The EA must be backtest in any timeframe, but for use in live, must be attached to a M5 chart. Live setup The EA is very easy to configure, and can be used
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Sürüm 1.22 2020.11.11
Fixed support for additional base currencies