The strategy is based on the support and resistance breakout principle;
The EA uses only Buy orders.
The EA always uses Take Profit and Stop Loss.
Multicurrency trading is supported.
Easy of use.
Wide choice of suitable currency pairs;
Minimum initial deposit.
Operation Principle
Based on the data of two indicators (the first is
RSI
with a period of 14, the second one is custom built-in indicator), the EA opens a buy order and sets the Take Profit and Stop Loss levels. They are never modified and remain in one place.
Orders are closed by the Take Profit and Stop Loss levels.
No more than one Buy order can be opened for each pair the EA is running on.
Recommendations
To start trading, drag the Expert Advisor onto the chart with recommended settings;
I recommend using the multicurrency trading option by launching the EA on required currency pairs, setting a new value to the Magic parameter for each pair.
Input parameters
Lot
- the volume of market orders.
TakeProfit
- the Take Profit value in chart points.
