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Free Expert Advisor

EURJPY Free MT4 EA

The Expert Advisor has been developed for EURJPY H1. It is based on Bollinger Bands and pending orders.

The product was backtested for more than 7 years on tick data with 99% quality modulation. The Monte Carlo analysis robustness test with 200 simulations is displayed on the screenshot.

A broker with small spread and slippage is recommended.

There is no need to set up any parameters. The settings are optimized.

EURJPY

Features

  • Only pending orders are used.
  • Each deal is protected by stop orders (Stop Loss and Take Profit).
  • Position trailing stop is used.
  • Both a fixed lot and a free margin percentage are used.
  • No martingale.
  • Does not consume too much CPU resources.

Settings

  • Use Money Management = false – enable/disable auto money management.
  • Lots Decimals = 2 – broker must support trading in micro lots.
  • Risk In Percent = 2.0 – risk in percent per one trade from account balance.
  • Maximum Lots = 0.5 – maximum allowed lots for trading.
  • Use Fixed Money = false – enable/disable auto money management.
  • Risk In Money = 100.0 – risk per one trade in account currency.

Download “EURJPY Free MT4 EA” EURJPY-EA.rar – Downloaded 55 times – 54 KB

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