Jolly Roger EA Review: A Unique Trading System for MetaTrader 5

Mike 2012.07.19 23:33 34 0 0
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Meet the Creator:

This isn't the original version of Pirat's Jolly Roger Expert Advisor that made waves at the Automated Trading Championship 2011. Instead, it reflects my own approach to executing trades.

The Jolly Roger EA operates solely with the RSI indicator on the M5 timeframe, using lot sizes between 5 and 15. Trades are executed consistently with these parameters.

//--- external variables
input int TP        = 150;   // Take Profit
input int SL        = 50    // Stop Loss
input int RSIPeriod = 14    // RSI period
input int RSILevel  = 30    // RSI level

Pirat's Expert Advisor trading results at the Automated Trading Championship 2011

Fig. 1. Pirat's Expert Advisor trading results at the Automated Trading Championship 2011

Test results from the Automated Trading Championship 2008

Fig. 2. Test results from the Automated Trading Championship 2008

Test results from the Automated Trading Championship 2010

Fig. 3. Test results from the Automated Trading Championship 2010

Test results from the Automated Trading Championship 2011

Fig. 4. Test results from the Automated Trading Championship 2011

Important Note:

  • We recommend using this Expert Advisor as a foundation for crafting your own trading strategy.
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