• EMA filter true/false: True input will allow EMA pair trend filter. Positions will be closed when opposite signal occurs in opposite trend direction. False input will turn EMA filter off. Trades will be closed on opposite doji signal.
• EMA filter: Must confirm the trend direction. EMA fast must close above EMA slow for uptrend confirmation and vice versa. Use EMA filter true/false to turn it on/off (this changes the character of strategy).
• Universal trailing stop (Extra deviation for the trail stop). Based on doji candle high for short trade and last closed candle low for long trades. Extra deviation can be applied to put TS further away from the entry. TS will be adjusted with each consecutive candle close, only in the direction of winning trade (always lagging one candle close).
• Doji signal : First candle of the formation – doji with defined max body size(input). Second candle of the formation: reaction candle with defined min/max body size. Reaction candle closes in the direction of trend, surpassing the low/high of doji candle. It does so with volume larger than on doji candle.

Closing module:

1. If Allow EMA filter is true: Positions will be closed when opposite signal occurs in opposite trend direction.
2. If Allow EMA filter is true: False input will turn EMA filter off. Trades will be closed on opposite doji signal.

• Volumes: Tick volume on reaction candle must be larger compared to doji candle.
• 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 (not applied in test).
• 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

Allow EMA filter: TRUE

SELL

1. EMA fast trending below EMA slow. Downtrend. Enter short only.
2. Doji closing with defined MAX candle body size. Subsequent reaction candle is bearish, closing below the low of doji, with volume larger than on doji. We enter the trade on reaction candle close.
3. TS is placed upon entry at doji high + extra deviation (in points) applied above.
4. Trade is closed either by hitting Trailing Stop or when opposite signal occurs (uptrend + buy doji signal). Take profit can also be applied to close the trade.

BUY

1. EMA fast trending above EMA slow. Uptrend. Enter long only.
2. Doji closing with defined MAX candle body size. Subsequent reaction candle is bullish, closing above the high of doji, with volume larger than on doji. We enter the trade on reaction candle close.
3. TS is placed upon entry at doji low - extra deviation (in points) applied below.
4. Trade is closed either by hitting Trailing Stop or when opposite signal occurs (downtrend + sell doji signal). Take profit can also be applied to close the trade.

Allow EMA filter: False

SELL

1. Doji closing with defined MAX candle body size. Subsequent reaction candle is bearish, closing below the low of doji, with volume larger than on doji. We enter the trade on reaction candle close.
2. TS is placed upon entry at doji high + extra deviation (in points) applied above.
3. Trade is closed either by hitting Trailing Stop or when opposite doji signal occurs. Take profit can also be applied to close the trade.

BUY

1. Doji closing with defined MAX candle body size. Subsequent reaction candle is bullish, closing above the high of doji, with volume larger than on doji. We enter the trade on reaction candle close.
2. TS is placed upon entry at doji low - extra deviation (in points) applied below.
3. Trade is closed either by hitting Trailing Stop or when opposite doji signal occurs. Take profit can also be applied to close the trade.

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

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

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.