Hey fellow traders! Today, I want to share my take on a trading tool that’s been making waves - the Bobsley Expert Advisor (EA) for MetaTrader 5. While it’s not the original version by Boris Odintsov, my insights come from the Automated Trading Championship 2010.
This EA utilizes signals from the Moving Average and Stochastic indicators to open trades. It’s geared towards the EUR/USD pair on the M5 timeframe, trading between 5 to 15 lots every tick.
The Strategy:
- Open a Long Position: When the MA is trending upwards, the Stochastic is rising, and it's below the oversold level.
- Open a Short Position: When the MA is trending downwards, the Stochastic is falling, and it’s above the overbought level.
- Close Positions: Use Stop Loss and Take Profit levels to manage your trades effectively.
Figure 1. Expert Advisor tested during the optimization period with the best parameters.
Figure 2. Expert Advisor tested in the post-optimization period.
Input Parameters:
- TakeProfit: 0.007 - Your target profit level.
- StopLoss: 0.0035 - Your risk management level.
- MA_Period: 76 - The period for the Moving Average.
- Stoch_OverSold: 30 - The oversold level for the Stochastic indicator.
- Stoch_OverBought: 70 - The overbought level for the Stochastic indicator.
- Lot Size: 5-15 - The number of lots to trade.
Recommendations:
This EA can serve as a solid foundation for your own trading strategy. Feel free to tweak it to fit your trading style!
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