HighLow_Forecast

by
fxforest
HighLow_forecast_EURGB

SUMMARY

This expert advisor utilizes the up and down movement of the moving average line to generate trading signals, allowing you to take advantage of market fluctuations and maximize your trading opportunities.

PERFORMANCE (LIVE FORWARD TEST)

VALTURN_CCI profit and loss graph
TOTAL GAIN21.3%
MONTHLY2.0%
DRAWDOWN41.3%
START2024-02-24
OPERATING MONTH7
ACCOUNTreal

KEY FEATURES

Currency Pair EURGBP
Time frame M15
Terminal MT5
Trading Syle

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Description

This EA works with MetaTrader 5 (MT5) and is mainly focused on the EURGBP currency pair. The unique feature is that the entry point is determined from the high and low prices within a certain period of time. This allows you to more accurately understand market trends and conduct effective trading.

Furthermore, this EA uses recovery trade. This means that even if a temporary loss occurs, the market will adjust its position and aim to recover profits in the hope that the market will turn around. This allows you to take advantage of market ups and downs and trade efficiently.

Also, the EURGBP currency pair is said to be suitable for grid trading. In other words, price fluctuations are relatively easy to predict and tend to move within a certain range. Therefore, you can expect this EA to work effectively with currency pairs like EURGBP and earn stable profits.

Overall, this EA works on MT5 and targets the EURGBP currency pair. By deriving entry points from high and low prices and utilizing recovery trades, we respond sensitively to market trends and pursue stable profits.

*Since this EA executes recovery trades, please be aware of the risk of large unrealized losses if a large trend occurs.

Attach an EA to the M5 chart of EURGBP on MT15.

parameter settings
・Lot_Size: Minimum 0.01 lot ~ Please set according to your account balance.
・Magic number: Normally, there is no problem with the default setting. This is the number that identifies this EA order within the account. If you use multiple EAs in one account, please set the magic number so that it is not the same as another EA’s magic number.

Since this EA holds multiple positions, it cannot tolerate drawdowns if the account balance is too small or the lot size is too large.

The recommendation is to start with 1000 USD and 0.01 lot. Be cautious about increasing lot size. Foreign exchange markets change rapidly and involve risks.

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