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EURJPY Long Strategy: 4-Bar Price Surge | Profits: $5543.67
The long position is opened if the open price of last 4 bars and their maximum value increase simulateneously. The selling is perfomed at the opposite conditions.
Strategy Tester Report
OpenTiks
Alpari-Classic (Build 218)
Symbol EURJPY (Euro vs Japanese Yen)
Period 1 Hour (H1) 2008.09.01 00:00 - 2008.11.17 23:00 (2008.09.01 - 2008.11.18)
Model Every tick (the most precise method based on all available least timeframes)
Parameters TrailingStop=30; StopLoss=0; Lots=0.1; magicnumber=777; PolLots=true; MaxOrders=0;
Bars in test
2334 Ticks modelled
1824694 Modelling quality 82.92%
Missmathced charts errors
40
Initial deposit
10000.00
Total net profit
5543.67 Gross profit
5659.70 Gross loss
-116.03
Profit factor
48.78 Expected payoff
37.46
Absolute Array
163.01 Maximum Array 913.99 (8.50%) Relative Array 8.50% (913.99)
Total trades
148 Short positions (% won) 146 (99.32%) Long positions (% won) 2 (100.00%)
Profit trades (% of total) 147 (99.32%) Loss trades (% of total) 1 (0.68%)
Largest profit trade
268.34 loss trade -116.03
Average profit trade 38.50 loss trade -116.03
Maximum consecutive wins (profit in money) 147 (5659.70) consecutive losses (loss in money) 1 (-116.03)
Maximum consecutive profit (count of wins) 5659.70 (147) consecutive loss (count of losses) -116.03 (1)
Average consecutive wins 147 consecutive losses
1
FT_0tk80i9uw4ep_Parabolic.mq4 9.4 kb, 49 downloads since 2014-10-24
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About FT_0tk80i9uw4ep_Parabolic.mq4
https://mt4talk.com/viewtopic.php?pid=2670#p2670
The EA employs a trend-following strategy to identify potential entry and exit points in the Forex market. It leverages the Parabolic SAR indicator, which stands for "Stop and Reverse," to make trading decisions.
The EA keeps a close eye on the Parabolic SAR indicator, which appears as dots above or below the price chart. When the dots switch from being above the price (indicating a downtrend) to below the price (indicating an uptrend), the EA takes notice.
Depending on the trend direction, the EA strategically places either buy limit orders (for uptrends) or sell limit orders (for downtrends) near specific Fibonacci retracement levels. These levels are calculated to capture potential reversals in the market.
To protect your profits and maximize gains, the EA uses a trailing stop. This trailing stop automatically adjusts as the trade moves in your favor, ensuring that you lock in profits while allowing room for further price movements.
You have the option to set specific trading hours with the "timecontrol" parameter. This allows you to tailor the EA's activity to your preferred time frames.
The EA continuously scans the market for opportunities and makes necessary adjustments to orders within the designated trading hours.
This EA is particularly well-suited for traders who prefer to follow trends and capitalize on potential trend reversals.
Here's why you might consider using it:
1. If you enjoy trading in the direction of established trends and aim to ride those trends for maximum profit, this EA can help you identify favorable entry points during trend changes.
2. If you're a fan of Fibonacci retracement levels and believe in their effectiveness, the EA's strategy of placing orders near these levels aligns with your approach.
3. The inclusion of a trailing stop ensures that you manage risk effectively and secure profits as the market moves in your favor.
4. With the option to set trading hours, you have the flexibility to adapt the EA's activity to your preferred time frames, making it suitable for both day and swing traders.
Do not forget to thoroughly test it in a demo environment and adjust parameters to match your risk tolerance and trading style.
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