I have been away for a long time but I'm finally back.
I have worked on an Expert Advisor which I'm going to publish here for free. If anyone wants to donate, feel free to donate crypto to the following addresses which belong to the SwiftCash project. Feel free to look into that cryptocurrency as well if you haven't.
SwiftCash is my favorite altcoin!
https://swiftcash.cc
- SWIFT: SXucSXaV5HURNyJUWnPrVFHTdRzoVff6gU
- BTC: 1E9xPAPifPFHmVTX1pDdPLcsgub71zdpDY
- LTC: LYNueNhYk3VM2J9gBxCvfMgdu7xP9WdLVL
- DOGE: DJJ3vRLMxo9aJVe7kQDBw6nUa3KQL8zzfv
As the name of my EA suggests, this EA sells into strengths. Of course it opens both long and short positions but whether you're long or short, you're always selling something and buying something else. The parameters are pretty self-explanatory. But I'll explain them below just in case. Also, make sure to do your own part. You have to test this and find the best parameters for the symbol you want to trade. The default parameters seem to do a good job on the XAUUSD pair using the 5M chart. You can trade with as little as 50 USD and watch it double within about 3-4 months.
PARAMETERS:
TakeProfit: This is about taking profits. It's in percentage so 0.01 means 1% from entry.
StopLoss: This is about taking losses. It's in percentage so 0.003 means 0.3% from entry.
Lots: The size of your positions in lots. Default is 0.01 Lot. For XAUUSD 0.01 Lot is usually 1 Troy Oz of Gold.
MAPeriod: This is the moving average period for technical analysis. By default it's 55.
MADistance: This is the distance from the moving average which triggers a short or long. Again it's in percentage so 0.01 means 1%.
FastHours: This is the number of hours the EA is supposed to fast from trading after losing in a trade!
THE MECHANICS:
Based on the default parameters, how it all works together is very simple. The bot patiently waits for the market to jump up or down 1% [MADistance=0.01] from where the 55 [MAPeriod=55] SMA or Standard Moving Average is. When that happens, it will open a long or short position with 1% in TakeProfit and 0.3% StopLoss. If the StopLoss hits, the bot will fast from trading for 12 hours. This is crucial because if the market decides to go nuts and keep selling off, continuous selling into strengths will only lead to more losses. Usually giving the market 12 hours and then jumping back in to look for opportunities is a good idea. But please feel free to adjust this parameter as well and see if you can find a good setup on a pair. If you do, please share it with others here in this thread.
SCREENSHOTS:
As you can see this EA does not overtrade. It's only taken 22 positions during the past of 3-4 months!
Only 7 out of 22 positions have been profitable but because the profit/loss ratio is appx. 3/1, the overall net return has been a big positive.
Will you be sharing the source code also so we can really test all parameters in every way ? No matter what, thanks a lot for sharing and looking forward to an interesting thread. Cheers !
