Hey there, fellow traders! Today, I want to introduce you to a straightforward Expert Advisor (EA) that goes by the name of the Very Blonde System.
This EA operates by waiting for a significant price fluctuation of x pips within y minutes. You can customize the fluctuation value in the Limit field and adjust the timeframe in the PeriodX field. Once the conditions are met, it opens a reverse position with a grid of limit positions to bolster your strategy (you can tweak this in the Grid field).
All open positions will be closed when the total amount specified in the Amount field is reached. If you prefer your profits to scale with your account balance, you can implement a simple code like: if(getProfit() >= AccountBalance()/1000){CloseAll();}.
Now, a word of caution: using this EA can be quite risky, as it may expose you to significant lot sizes. To help manage this risk, you can enable the LockDown option, which covers your positions after a certain number of pips (I recommend setting this around 400, which is equivalent to 40 pips). However, I advise against using this EA in a live trading environment right off the bat; it's mainly a tool to help you understand your risk exposure.
This EA is versatile and can be applied to any chart or timeframe, but make sure to optimize it first. While I've had success using it on the 1-minute EUR/USD chart, I believe you might find even better results on EUR/JPY.
Happy trading!
Cheers,
David
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