Hey there, fellow traders!
Today, I’m excited to share a free Expert Advisor (EA) that’s based on a nifty trading strategy known as FIFO – Fast In, Fast Out. This could really spice up your trading game!
How It Works:
The premise is simple: when a candle makes a significant move (you can set this volatility in the input parameters), we’re looking at a sharp market movement for a particular symbol. This is where we use stop orders to capitalize on those quick price changes. It’s an easy strategy with great potential!
Even when the market turns against you, this EA can still bring in decent profits with lots of small orders in a short timeframe—all thanks to just one candle!
For instance, on the M15 chart or, even better, on the H1 timeframe, if a candle moves quickly and shows a change in price of over 200 points, that’s your signal to jump into the market with a small order.
We’ve turned this concept into a free EA for you to try out.
If you have questions or suggestions for improving this EA, feel free to reach out to me: Fafolika
Happy trading!
Recommendations:
- Use an ECN account with the smallest possible spread.
- The H1 timeframe with EUR/USD and GBP/USD yields the best results.
Version 1.1 Updates:
- Working on enhancing the strategy for better performance in real market conditions.
- Adding input parameters to limit the maximum number of orders taken per candle.
Check Out the Results:
If you have any thoughts on how to improve this EA, drop me a message!
Just a quick reminder: this program is a concept that needs refinement, so please avoid using it in live markets for now.
Cheers!
연관 포스트
- Mastering One Order Every Second: Your Go-To Guide for MetaTrader 4
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- Unlocking Profits with Moving Average Crossover Strategies in MetaTrader 4
- How to Detect New Candle Starts in MetaTrader 4: A Simple Guide