Discover the original trading strategy here.
This Expert Advisor (EA) was designed to evaluate the effectiveness of the trading strategy linked above. You can find detailed results and EA parameters in the latest issue of our magazine.
Overview of the EA Algorithm:
- Timeframe: H4
- Symbol: EURUSD; Volume: 1 lot
- Indicators: EMA7, EMA21, EMA359, SMA89; MACD (5, 13, 1)
Buying Signals:
- MACD histogram must drop below -0.0045.
- After reaching that low, the histogram should rise above -0.0045, forming a minimum before you buy.
- Place a stop order 10 points below the latest local minimum.
- Close 30% of your positions when the price exceeds the 21-period exponential average.
- Close 50% of positions when the price hits the range between the 89-period SMA and the 365-period EMA.
- Finally, close the remaining positions once the price reaches a support level.
Selling Signals:
- MACD histogram must rise above 0.0045.
- Once a peak above 0.0045 is formed, the histogram should fall below that value, indicating it’s time to sell.
- Set a stop order 10 points above the latest local maximum.
- Close 30% of your positions when the price drops below the 21-period exponential average.
- Close 50% of positions when the price reaches the range between the 89-period SMA and the 365-period EMA.
- Finally, close the remaining positions once the price hits a resistance level.
The EA was tested using standard parameters:
After optimizing parameters:
For a complete analysis with forward testing, check out our magazine.
P.S.: All variables of the strategy are available as external variables. Feel free to experiment with the parameters to find what works best for intraday trading. No need to test on ticks. If you have any ideas or questions about the EA, don’t hesitate to reach out!
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