Overview of Forex Fraus EA
If you're diving into the world of forex trading, you've probably heard of various Expert Advisors (EAs), and today we're taking a closer look at the Forex Fraus EA designed specifically for the M1 timeframe. This clever little system leverages the Williams Percent Range indicator to make smart trading decisions, buying when the market is oversold and selling when it’s overbought.
Key Features of Forex Fraus EA
- Timeframe: Built for the M1 timeframe on EUR/USD, but feel free to experiment with other pairs.
- Trailing Stop: Comes with a Trailing Stop feature that you can customize with a start time and step size.
- Operation Timer: The EA’s settings include an operation timer labeled as “time.” Set it to “0” to disable or “1” to enable it. You can also specify the start and stop times based on your terminal clock.
How It Works
The Forex Fraus EA smartly closes positions using the Trailing Stop, ensuring that if a position remains open, it will close with the opposite deal. This helps in locking in profits while minimizing losses.
Testing and Community Feedback
The EA has shown promising results on a demo account (though, unfortunately, the statement wasn’t saved). It hasn’t been tested on a strategy tester, as my current setup isn’t quite up to the task. I’d love to hear from anyone who gives it a go—please share your charts in the comments!
Happy trading, and may your pips be plentiful!
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