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 Free MT4 EA
- 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.
- 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.