• EMA crossover entry: EMA fast closing below EMA slow (while previous close was above) will trigger short swing entry. EMA fast closing above EMA slow (while previous close was below) will trigger long swing entry. Opposite signal will trigger closing of swing entry.

First level swing trades:

• MAX number of swing trades (1): Expert advisor will open only 1 swing trade per side at the same time.
• Closing module: EMA crossover: EMA fast closing below EMA slow (while previous close was above) will trigger closing of long swing entry. EMA fast closing above EMA slow (while previous close was below) will trigger closing of short swing entry. Account profit must be larger. Then minimum swing profit points.
• Minimum swing profit points: Minimum profit necessary for closing of swing trade on EMA crossover.

Second level trades

• Swing trades that failed will be averaged with the goal of closing them all with small profit. To trigger the averaging, swing trade must fail (trade reaches' min loss for averaging in account currency).
• Min loss for averaging (in account currency) : minimum loss necessary to trigger averaging trades.
• Short swing trade exists (we can enter averaging short trades).
• Long swing trade exists (we can enter averaging long trades).
• If averaging trade exists, we cannot enter averaging trade into opposite direction.
• If averaging trade exists, we can enter swing trade into opposite direction.
• Averaging module
• Buy: If trade exists, new trade can only be opened if: current price is less than first position entry price- ((number of opened long trades*pyramiding step input)+pyramiding step).
• Sell: If trade exists, new trade can only be opened if: current price is greater than first position entry price+((number of short opened trades*pyramiding step input)+pyramiding step).
• Averaging step input: Distance between consecutive averaging trades in points. Each trade will opened on new candle open. If one candle covers distance equivalent to two or more averaging steps, more than one trade can be opened on same price level (but only on new candle open). Modify this input down for increased aggression of averaging.
• Closing module for second level (averaging) trades: All existing trades are closed either in overall account profit or loss (max loss swing trades will remain open).
• Target profit: target profit in account currency for closing of averaging trades together with swing trades.
• MAX loss: If account loss falls below this value all existing averaging trade will be closed (add minus (-) before the value). This value should be high enough to be reached only by the second level trades.
• Magic number buy/sell: Do not use on more than one currency per account and do not open any other trades (expert is closing trades based on equity). Each number must be different.
• Magic number swing buy/swing sell: Do not use on more than one currency per account and do not open any other trades (expert is closing trades based on equity). Each number must be different.
• Lot size: Define lot size for primary trades. It will be multiplied at second level.

Rules of the expert advisor

First level swing trades:

SELL:

1. EMA fast closing below EMA slow (previous close was above). Downtrend starts. Enter short on first candle close.
2. Minimum swing profit points were reached + Long EMA signal occurs.
3. We close all existing trade in overall account profit.
4. If trade fails and swing trade reaches' min loss for averaging, we move on to averaging trades (second level).

BUY

1. EMA fast closing above EMA slow (previous close was below). Uptrend starts. Enter long on first candle close.
2. Minimum swing profit points were reached + Short EMA signal occurs. We close all existing trade in overall account profit.
3. If trade fails and swing trade reaches' min loss for averaging, we move on to averaging trades (second level).
4. Second level trades (averaging)

SELL:

1. No long averaging trade exists.
2. Short swing trade exists, and is in loss (min loss for averaging)
3. EMA fast closing below EMA slow (previous close was above). Downtrend starts. Enter short on first candle close.
4. Averaging conditions are fulfilled (each consecutive entry on higher price according to averaging criteria).
5. We close all existing trade in overall account profit or loss (loss will trigger closing of averaging trades only).
6. While short averaging trade exists, we will still open long swing trades.

BUY:

1. No short averaging trade exists.
2. Long swing trade exists, and is in loss (min loss for averaging)
3. EMA fast closing above EMA slow (previous close was below). Uptrend starts. Enter long on first candle close.
4. Averaging conditions are fulfilled (each consecutive entry on lower price according to averaging criteria).
5. We close all existing trade in overall account profit or loss (loss will trigger closing of averaging trades only).
6. While long averaging trade exists, we will still open short swing trades.

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

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.