The Binario Expert Advisor (EA) is designed to leverage the power of exponential moving averages based on different price types, specifically High and Low. Unlike traditional EAs that rely on signals to make buy or sell decisions, this system trades by alternating between long and short positions while adjusting its settings according to the calculated moving averages. With real-time monitoring, it ensures that stop losses are in place to effectively manage your trades.
Key Recommendations:
- The EA employs a temporary stop loss and take profit strategy, with average profitable trades yielding around 1750 pips while unprofitable trades average about 250 pips.
- On the daily chart for GBP/USD, expect this EA to execute about 4 trades per year, which is considered the optimal trading frequency.
- This EA is fully compatible with ECN brokers. Make sure to set the ECN_Mode input parameter to true to activate the ECN compatibility mode. If not, you might encounter the OrderSend Error 130 when attempting to open positions. This happens because with an ECN broker, you can't set stop-loss or take-profit levels at the time of order execution. Instead, you should first open your position and then modify it by adding the necessary stop-loss and take-profit levels.
Comments 0