• Moving average convergence divergence (MACD 500,250) simple trend filter. We will be looking for MACD histogram to trend wither below (sell) or above (buy) the zero line.
• Envelopes. Multiple levels (Period for all 100, deviation 0.2,0.4,0.6,0.8,1,1.2) We will wait for price to close outside of tunnel boundaries. Once it closes we enter the trade. Further the price closes above the tunnel (different deviation) larger the lot size can be used. In test, aggressive money management was used, with lot sizes ranging from 0,001 lot to 0,32 lot (partial martingale). This is quite risky. Strategy works just as well with steady lot size.
• Closing module. Strategy closes all trades either in predefined profit 4 usd or loss -140 usd. There are not individual stop loss or take profit orders. Strategy manages all trades as one when closing them. The goal is to get the best possible price for our entry.

Rules

SELL orders

1. To consider opening of short trade, MACD histogram must close below the zero line.
2. We will be looking for price to close above the upper envelopes line. Once it returns and closes back within the tunnel we enter the trade short for that tunnel. Next trade can only be opened on tunnel with wider deviation.
3. Only one trade can be opened at the same time per tunnel. Max six trades can be opened.
4. All trades (including long) are closed in overall profit or loss.

Buy orders

1. To consider opening of long trade, MACD histogram must close above the zero line.
2. We will be looking for price to close below the bottom envelopes line. Once it returns and closes back within the tunnel we enter the trade long for that tunnel. Next trade can only be opened on tunnel with wider deviation.
3. Only one trade can be opened at the same time per tunnel. Max six trades can be opened.
4. All trades (including long) are closed in overall profit or loss.

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.