The Long Term EA is a fully automated EA that is designed to trade on the Long Term using various strategies like trend trading and hedge at different timeframes. It may take some time to take a trade. SL and TP are always present. The Expert's strategy depends on the trend, where it takes positions along a cycle of price movements, either upward or downward. The stop loss is set to buy or sell orders as a security measure in case the price moves below or above a certain predetermined levels. In case of price reversal, hedge strategy is used to consider the new reversal as a new possible trend so orders can cover the possible coming trend.
It works on both Classical and ECN accounts and optimized for EURUSD pair .
All you need is to set the risk percent and start trading.
The screenshots section shows the back-test results.
The minimum balance of $1000 is required for standard accounts or $10 for micro accounts.
Parameters
- Lots = 0.01.
- Riskpercent = 1 (risk percent and its optimum at 1 for balance starting from $1000 and for micro accounts to be set 100).
- Magic Number .
Symbol: EURUSD .
Timeframe - H1 , but other timeframes can be used as well.
