Forex Expert Advisor (EA) - Research-Based Algorithmic Trading System
Developed by a financial markets researcher specializing in forex and stock market analysis.
"Perfected through rigorous upgrades and complete reconstruction, this system is engineered to generate premium financial returns."
Backtest Performance
Test Period: July 1, 2011 - January 13, 2012
Currency Pair: EURUSD
Growth:
10,
000
→
10,000→59,294 (backtest results)
⚠️ Past performance does not guarantee future results
Trading Concept
This EA capitalizes on market retracements within trends. Even during strong trends, markets temporarily reverse due to:
✓ Key support/resistance levels
✓ Profit-taking by dominant traders
The EA exploits these counter-trend movements while maintaining alignment with the broader trend direction for optimal performance.
Trading Logic
Trend Identification
Uses 34-period Moving Average (MA) on daily charts (D1)
Buy when MA(34) slopes upward
Sell when MA(34) slopes downward
Position Management
Closes trades at predefined Take Profit (TP):
60 pips (4-digit brokers)
600 pips (5-digit brokers)
Implements progressive lot sizing on counter-trend movements:
Level Lot Multiplier Example (Base 0.1)
0 1x 0.1
1 1x 0.1
2 2x 0.2
3 4x 0.4
4 8x 0.8
Key Parameters
Parameter Description
TP Take Profit (60 for 4-digit/600 for 5-digit brokers)
DP Chart timeframe (default 1440 = D1)
MAP MA Period (default 34)
MaxTrade Maximum simultaneous trades in one direction
TradeType 0=Auto, 1=Force Buy, 2=Force Sell
Optimization Recommendations
For enhanced performance, combine with:
✓ Moving Average confirmations
✓ Bollinger Bands®
✓ Support/Resistance levels
*Adjust TradeType parameter (0/1/2) based on additional indicators*
Risk Disclaimer
This EA uses aggressive compounding strategies. Recommended:
Minimum account balance: $500 (for 0.01 lots)
Strict risk management
Demo testing before live deployment
Trading leveraged products involves significant risk of capital loss.