• Exponential moving averages (EMA 500,250). Position of fast EMA relative to slow, will determine the trend direction. All trades must follow this trend.
• Candle Signal (minimum 10, maximum 150 pips) strong bullish, bearish candle closing in the direction of trend. We define minimum body range to avoid flat, hesitant candles. Upper threshold in not really an issue.
• Wick of the candle (max 15 pips) Wick at the closing side of the candle cannot surpass defined maximum size. This would signalize too much ongoing struggle for price direction.
• Once the signal candle closes we will open pending order grid, expecting the price to continue to move in the direction of closing candle. We will be placing pending buy stop, sell stop orders.
• Stop loss (20 pips) and take profit (120 pips): Values will be applied for all pending orders.
• Increments for all (10 pips): Distance between pending order in points.
• Trailing stop extra deviation (80 pips). TS is adjusted after each candle close. Extra deviation will make it more distant for actual price, making it less sensitive to volatility and sudden price movements.
• Stay valid (2 days): Defines how long will untriggered pending orders remain valid.

Rules

SELL

1. EMA fast trending below EMA slow. We will be looking to open sell grid.
2. Bearish candle close (minimum body size reached). Bottom wick does not surpass maximum allowed wick size.
3. We place first pending sell stop order (increment for all) below the low of signal candle. We go on to place next 11 orders below the first order in same increments. Each with defined stop loss, trailing stop loss that will be adjusted with each candle close for all and take profit.
4. Untriggered pending orders will remain valid for 1 DAY.

BUY

1. EMA fast trending above EMA slow. Uptrend. We will be looking to open buy grid.
2. Bullish candle close (minimum body size reached). Upper candle wick does not surpass maximum allowed wick size.
3. We place first pending buy stop order (according to increments for all distance) above the high of signal candle. We go on, to place next 11 orders above the first order in same increments. Each with defined stop loss, trailing stop loss that will be adjusted with each candle close and take profit.
4. Untriggered pending orders will remain valid for 1 DAY.

Expert advisor is based on transparent and fully tested forex strategy.

Original and transparent MT4 expert advisor. Developed and created by professional FOREX traders at kingsraid.wiki . Tested for profitability on EURUSD tick data since 2003. Thousands of viable input combinations available for EURUSD alone. Works with any timeframe and any FX pair.

Main features of this expert advisor:

• Tested on high quality data: High accuracy testing on EURUSD data (1H). 100+ Viable inputs combinations for EURUSD pair alone.
• All inputs unlocked: You can adjust and modify your expert inputs. It can be then applied on any time frame and any currency pair. You can modify the settings at will to achieve the best possible results and make the expert suit your needs.
• Transparent expert advisor: No smoke and mirrors. Rules are clearly stated and functionality can be easily verified by manual charting on forward or historical data.
• Works with most of the MT4 Forex brokers: Our expert advisors were adjusted to work with almost any MT4 FOREX broker.
• Works with any time frame: Simply drag and drop the expert on time frames you would like to use.
• Works on any currency pair
• Expert advisor will not draw any indicators in your chart.

Disclaimer and user agreement:

Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer. TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.