If you're looking to enhance your trading strategy, let me introduce you to an Expert Advisor (EA) that's been around since 2000. While it’s not polished to perfection yet, it holds a lot of potential!
This EA operates on the principles of Moving Average trends and leverages RSI signals when the market hits overbought or oversold levels. Instead of setting specific profit targets, it aims to close trades as soon as a profit is available, making it a reliable choice for consistent wins. You’ll find that it comes equipped with settings for money management and indicator customization, triggering signals whenever the RSI indicates extreme market conditions and the price crosses the moving average.
Version 1 has been rigorously tested across various currency pairs and timeframes from January 1, 2000, to June 30, 2018, using tick data suite and a capital of $500.00:
- EUR/USD: D1 - H4 - H1 - M30 - M5 (spread of 4)
- GBP/USD: H1 - M30 - M5 (spread of 6)
- USD/CHF: D1 - H1 (spread of 6)
- USD/JPY: H4 - M30 - M15 (spread of 6)
- AUD/USD: H4 - M30 (spread of 5)
- USD/CAD: D1, H4 - H1 - M30 (spread of 5)
- NZD/USD: D1 - H4 - M30 - M15 - M5 (spread of 6)
- GBP/JPY: D1 - H4 - H1 - M30 - M15 - M5 - M1 (spread of 8)
- USD/SGD: D1 - H4 - M15 (spread of 8)
- AUD/CAD: D1 - H1 - M30 - M15 (spread of 8)
- And perhaps even more...
One thing to keep in mind is that Version 1 tends to keep trades open for longer durations, particularly on higher timeframes. This could be an advantage for those who prefer a more laid-back trading approach.
On the other hand, Version 2 takes it a step further by managing trade volume and utilizing a significant amount of margin. So, if you decide to go with this version, ensure you have high leverage at your disposal to help mitigate drawdown.
As always, it's crucial to trade with low spreads and commissions, and make sure to test with the best quality data available. Happy trading!
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