Simple FX2 EA

[fibonaccitrading168]

Description

 

Free Simple FX advisor automatically trades the Forex market using moving averages.

 

The two moving averages can be changed during the method and type. Also, settings can be changed orders: lot size, slippage, and the magic number. Advisor may trade in any pair from any MT4 broker. It is best to sovetinik Simple FX is working on the daily timeframe (D1).

 

DOWNLOAD THE EA MANY MORE from http://www.mt4appstore.com/products/mt4-expert-advisors/simplefx2/199

 

The latest version of Councillor Simple FX - simplefx2.mq4. Changes:

 

Added variable s / l and t / p

Fixed a bug in the code s / l and t / p

Now waiting for the advisor to the first crossing of MA

If you use s / l or t / p, and order up one of these levels, the adviser expects the next intersection MA

Important variables are automatically saved to a file

 

How it works

It is simple (pun intentional). When the shorter moving average is higher than long, the trend is considered bullish. Advisor to the closing of orders to sell (if any) and opens up a buy order. When the shorter moving average is below the long, the trend is considered bearish. Advisor zakryvat his position to buy (if any) and opens up an order to sell. Thus, the expert is in the market, slipping on the trends up and down.

Overview of variables

 

Backtest Results

The expert advisor resulted in $4542334 profit using GBP/JPY pair on a M15 chart using just 0.1 standard lots. It was achieved on standard $10000 account in a one year period, with insignificant $52238 maximum drawdown. This expert advisor was also checked on a three years period and its performance showed the same proportional gain.

 

Buy And Sell Logic

If a buy signal - the closing price of the candle, crossed the entry level under the old scheme, should be above the old entry level. Buy this immediately after closing. This candle does not have to be just the next one. As the figure. The main proof of closure above the old entrance.

 

 

If the sale - the closing price of the candle, crossed the level of the old entrance, must be lower than the old entry level. Sell immediately after the closing of this!

 

Stop Loss And Take Profit

Permennye Stop_Loss Take_Profit and optional, which means that their values can be left zero, but the judge in this case will sell well. If you want more control over the expert, you can change one or more values. For example, if you want to open the position to judge the level of Take Profit at a distance of 20 pips, you just need to set the parameter value of 20 Take_Profit.

 

Time Frame and Parameters

Time Frame All

Pairs All

Best EUR/USD