Inputs used in expert advisor

• Bollinger bands signal: Price closing above BB tunnel for long trade entry/ below BB tunnel for short entry. Momentum signal.
• Adding to winner module (pyramiding grid logic):
• Buy: If trade exists, new trade can only be opened if: current price is greater 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 less than first position entry price-((number of short opened trades*pyramiding step input)+pyramiding step).
• Closing module for profit: Expert will close all existing trades at once as soon as the overall account profit reaches target profit. Use only on one currency per account and do not open any other positions. Modify targets proportionally with lotsize (in account currency).
• Break even condition: Once position reaches predefined profit, stop loss is placed on entry price level (break even).
• Grid properties: Expert will add to the winner at current market direction. If trend reverses, expert will start to add to the winners (pyramid) at the other side (buy / sell) until the account reaches target profit. Each position is protected against unnecessary loss by using break even function. Strategy requires substantial free margin to operate.
• Pyramiding step input: Distance between consecutive pyramiding trades in points. Each trade will opened on new candle open. If one candle covers distance equvalent to two or more pyramiding 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 pyramiding.
• MAX number of trades (100in 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.
• Magic number buy/sell: Not applicable in this expert advisor. Do not use on more than one currency per account and do not open any other trades (expert is closing trades based on equity).
• MAX slippage:
• Spread filter:
• Lot size:

Expert advisor rules

SELL

1. Price candle closing below bottom BB band.
2. If trade exists, we enter new position only according to add to the winner (pyramiding) module criteria.
3. We close all existing short trades either at target profit or if the trend reverses, we repeat same steps for long side until we reach profit. Break even function is applied on all trades to limit the loss at the trend reversals.

BUY

1. Price candle closing above upper BB band.
2. If trade exists, we enter new position only according to add to the winner (pyramiding) module criteria.
3. We close all existing long trades either at target profit or if the trend reverses, we repeat same steps at short side until we reach profit. Break even function is applied on all trades to limit the loss at the trend reversals.

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.