Preview
In this post we introduce an Expert Advisor (EA) specifically designed for automated trading of the Euro versus US Dollar (EUR/USD) currency pair. What makes this EA unique is its multi-timeframe approach, utilizing a simple yet effective indicator—the moving average—as a trend filter. Trade entries, on the other hand, are based on pivot points but are only executed if price action confirms the ongoing movement. To ensure disciplined risk management, every position is safeguarded by predefined stop loss and take profit levels. The performance results visible on our YouTube channel are derived from a deliberately non-optimized system to prevent overfitting.
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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