Good morning everyone, my name is Alvaro and I´m a newbie in this forum and in Forex too. I have been developing for a couple of years some EAs and I am showing you one of them, which I would like to be tested by all of you, so I am sharing it in the link below (Spanish version also available). After many EAs, strategies, etc, this one seems to be showing good results, and most important of all, it has a SL that may be defined individually depending on your risk management or risk apetite.
This EA doesn´t follow any strange or difficult strategy. It starts trading at the beginning or some minutes before all the 3 sesions beginning (Tokyo, London and NY), when the price retraces or uses to retrace, or even at the movements that the price use to do before keeping on with the diary bias.
This EA has a MASTER BOT, to be set only in 1 pair and all the others will be SLAVES. I would appreciate you backtest it (The Master), but it isn´t worth at all, due to in order to achieve the 2% profit of the balance from each season, one single pair would need higher volume trades or the help from the other pairs, having all the trades a reasonable size. A good test would be in a demo account.
With the default settings, the EA is told to cash 2% from the balance per session. If price goes against us and the situation gets tough, the own EA activates a trailing SL closing all trades with less but in 1% profit per session. If you only want to trade some of the 3 sessions you also have the possibility to do it.
This EA works in M1 time frame and the tested pairs to work properly are EURUSD, USDCAD, AUDUSD, EURJPY, EURGBP, USDJPY, NZDUSD and GBPUSD. You should use all of them together.
This bot also creates a file in your MT4 Files folder with the sessions results and every single trade. For my own demo account, I have set a -30% SL (In a real one I wouldn´t do it) to evaluate how far does my DD goes. From the results got in my demo a -10%SL could easily be set as MAX DD. This SL would only have been reached once, having a great net result from the whole days, sessions and trades.
Looking forward your tests and opinions.
My regards.
LINK:
https://goo.gl/EPqzoN