Preview
In this article we present an Expert Advisor (EA) designed for automated trading of the Euro / U.S. Dollar (EURUSD) pair using daily candlesticks on the MT4 platform. This EA exploits the opening value of daily bars in combination with the Accumulation Distribution indicator, a technical tool that measures the relationship between price and volume to identify the strength or weakness of a trend and potential market reversals.
The development, testing, and analysis of this EA have been conducted under consistent parameters:
- Starting capital: €1,000
- Fixed lot size: 0.01
- Position types: Long and Short
- Martingale or Hedging: No
- Maximum leverage: 1:100
- Maximum open lots: 1
We provide an in-depth overview of the EA’s features, alongside detailed performance metrics derived from rigorous testing. These insights offer traders a comprehensive understanding of the algorithm’s behavior in diverse scenarios, empowering them to make informed decisions about its integration into their trading strategies.
The final part of the post displays the status of the trading system, which can be modified when the system is disabled or replaced. Quarterly subscribers can download the EA executable file for free, ready for seamless integration into the MT4 platform, as long as the system status remains active.
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