If you’re looking for a trading assistant that doesn’t rely on traditional strategies, the RRS Non-Directional EA might just be what you need. This Expert Advisor (EA) operates without any technical indicators, price action analysis, or even news events. Instead, it embraces a more random approach to trading, allowing for a variety of strategies that you can customize to fit your trading style.
Despite its random nature, this EA has proven to generate profits when paired with solid risk management practices. Let’s dive into its features and settings to see how it can enhance your trading experience.
Key Features of RRS Non-Directional EA
- Trading Strategies:
- Hedge_Style: Simultaneously opens both Buy and Sell trades.
- BuySell_Random: Randomly opens either a Buy or Sell trade.
- Buy_Sell: Follows the last closed order type; if the last was a Buy, it opens a Sell.
- Auto_Swap: Only opens trades in the direction of positive swap charges.
- Buy_Order: Exclusively opens Buy trades.
- Sell_Order: Exclusively opens Sell trades.
Customizable Settings
| Variable | Values | Description |
|---|---|---|
| New_Trade | True/False | True: EA can take trades. False: EA will not take any trades. |
| Lot_Size | Double Value | Choose your desired lot size for each trade taken by the EA. |
| StopLoss_Type | Virtual_SL, Classic_SL | Virtual SL: Closes the trade when the specified stop loss is reached, invisible to the broker. Classic SL: A visible stop loss that is registered on the broker’s server. |
| StopLoss | Int Value | Set your stop loss value in points/pips. Set Stop Loss to 0 to disable it. |
| TakeProfit_Type | Virtual_TP, Classic_TP | Virtual TP: The take profit level is not visible to the broker. Classic TP: Visible take profit level registered on the broker’s server. |
| TakeProfit | Int Value | Set your take profit value in points/pips. Set Take Profit to 0 to disable it. |
| Trailing_Type | Virtual_Trailing, Classic_Trailing | Virtual Trailing: Modifications remain on your local PC. Classic Trailing: Updates directly on the broker’s server. |
| Trailing_Start | Int Value (Points/Pips) | Specify the number of pips from the opening price at which trailing begins. |
| Trailing_Gap | Int Value (Points/Pips) | Set the gap in pips between the market price and the trailing stop loss. |
| Risk_In_Money_Type | FixedMoney, BalancePercentage | Fixed Money: Closes trades when losses reach a specified amount. Balance Percentage: Calculates based on your account balance. |
| Money_In_Risk | Int Value | If Risk_In_Money_Type is FixedMoney, enter the amount you’re willing to lose. If set to BalancePercentage, the EA calculates risk based on your balance. |
| Max_Spread | Int Value (Points/Pips) | Sets the maximum spread allowable for trading. |
| Slippage | Int Value (Points/Pips) | Set the maximum slippage allowed during order execution. |
Note: If you run into issues with EA performance, try removing #property strict from line 6 of the EA code.
Good Luck and Happy Trading!
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