• EMA filter: Two EMA Tandems. Both must confirm the trend direction. EMA fast must close above EMA slow for uptrend confirmation and vice versa (in both tandems).
• Candle signal: Candle with defined body size (min/max) closing in the direction of trend. We enter the trade on its close. Candle must close above the high of previous candle for long entry/ below the low of previous candle for short entry.
• Universal trailing stop (Extra deviation for the trail stop). Based on last closed SAR dot above close for short trade and below close for long trades. Extra deviation can be applied to put TS further away from the entry. TS will be adjusted with each consecutive fractal close, only in the direction of winning trade.
• MAX number of trades (1 in test): Expert advisor can work with more than one trade opened per side. This parameter will modify number of trades that can be opened per side at the same time.
• Take profit points: Take profit
• Magic number buy/sell: Change this number when using more than one MT4 expert advisor per currency pair.
• MAX slippage:
• Spread filter:
• Lot size:

Rules of the expert advisor

SELL

1. EMA fast trending below EMA slow (in both tandems). Downtrend is present in the market. Enter short only.
2. Bearish signal candle with defined min/max body size closing below the SAR dot. Signal candle also closes below the low of previous candle. We enter the trade short on new candle open.
3. TS is placed upon entry at last closed SAR dot above the price + extra deviation (in points) applied above.
4. Trade is closed either by hitting Trailing Stop or Target profit.

BUY

1. EMA fast trending above EMA slow (in both tandems). Uptrend is present in the market. Enter long only.
2. Bullish signal candle with defined min/max body size closing above the SAR dot. Signal candle also closes above the high of previous candle. We enter the trade long on new candle open.
3. TS is placed upon entry at last closed SAR dot below the price - extra deviation (in points) below.
4. Trade is closed either by hitting Trailing Stop or Target profit.

Test Results (Tick EURUSD 1H, 2003.01.01 - 2016.11.24)

1. Bars in test 87138
2. Ticks modelled 138132110
3. Modelling quality 90.00%
4. Mismatched charts errors 0
5. Initial deposit 2000.00
6. Spread 10
7. Total net profit 4658.77
8. Gross profit 31780.43
9. Gross loss -27121.66
10. Profit factor 1.17
11. Expected payoff 4.42
12. Absolute drawdown 181.77
13. Maximal drawdown 1461.99 (18.06%)
14. Relative drawdown 38.97% (1395.27)
15. Total trades 1053
16. Short positions (won %) 519 (48.94%)
17. Long positions (won %) 534 (48.13%)
18. Profit trades (% of total) 511 (48.53%)
19. Loss trades (% of total) 542 (51.47%)

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 tick data: High accuracy testing on EURUSD tick 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.