• Exponential moving averages (250,500) Standard method used. Position of fast EMA compared to slow EMA will establish the trend. We try to focus more on long term trend present in the market.
• Commodity channel index (20) CCI is used to find us market moving rapidly in the direction of trend – high momentum. This position are most likely to move into profit fast. This suits as well as we want our trail stop to protect profits soon after the entry.
• SAR parabolic(step 0,03, max 0,05): Trend filter and trail stop lead.
• MAX open trades (1 in test): Number of opened trades allowed per side at the same time.
• Trailing stop is adjusted with each closed SAR dot. Extra distance (90 pips in test) can be applied to cover the volatility.

Rules

SELL

1. EMA fast trending below EMA slow. Downtrend
2. CCI falling below -100 line (sell below line). Price closing below SAR dot. Downtrend is fully confirmed and unanimously identified. We will be looking for short entry only.
3. Signal: Bearish candle with body range between 40-150 pips. We enter the trade short on its close. Trailing stop is placed according to last closed SAR dot + extra distance 90 pips above it. Position is only closed at SAR dot.

BUY

1. EMA fast trending above EMA slow. Uptrend
2. CCI rising above 100 line (buy below line). Price closing above SAR dot. Uptrend is fully confirmed and unanimously identified. We will be looking for long entry only.
3. Signal: Bullish candle with body range between 40-150 pips. We enter the trade long on its close. Trailing stop is placed according to last closed SAR dot - extra distance 90 pips below it. Position is only closed at SAR dot.

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 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.