In more detail. Read about the Stochastic Oscillator below. The indicator is based on overbought and oversold areas that give trading signals. The Stochastic is an oscillator: this group differs from other indicators in the sense that they react to price changes in the market very fast. However, the speed of reaction depends on the settings of oscillators, any of them may be set up to give much rarer signals. Describing the oscillator, I mentioned the overbought and oversold areas; however, the expert advisor does not use them.
Instead, the robot uses the direction of the indicator line: analyzing it for the current moment, it defines the direction of trading. After you open a trade, place firm Stop Loss and Take Profit levels; then things will depend on the market solely. When I started describing the robot, I mentioned that it is written in an original style. In fact, this is not some style in programming — this is the principle of receiving a trading signal that presumes analyzing several timeframes and opening the next trade and placing an SL and TP only if the direction of the Stochastic lines on all timeframes coincide.
Technically, the direction of the indicator lines is defined not by measuring the values of the lines related to previous values but by the position of the Stochastic main line related to its signal line.
If the signal line is below the main one, it signals to buy; if it is above the main one, it signals to sell. This method has its drawbacks as in the overbought and oversold areas, these lines often cross, giving false signals in unsuitable moments. The expert advisor analyzes only three timeframes: M5, M15, M30 intraday timeframes.
If you know the MQL programming language a bit, you may easily edit the code of the Stochastic expert advisor if you are craving to bring the parameters to perfection. The expert advisor is meant for M5 and M15 timeframes and any currency pair; however, some manage to use the robot on hourly timeframes even.
Also, if you manage to optimize it, try using the Stochastic on minute timeframes: in some cases, the expert advisor shows the best results on M1. Optimizing the parameters, mind that the Shift must not be zero, otherwise, the expert advisor will open no trades at all.
I did not check the code of the expert advisor before optimizing the parameters and used M30; however, I presume that M5 will be better. Here are the results that the expert advisor demonstrated after the optimization:. They are far from perfect but during more than half a year the trades were rather scarce; provided that your money management is consistent, you will save your deposit almost for sure.
To use the expert advisor in trading, at least on a demo account , first, choose optimum parameters with the help of MetaTrader 4. To optimize it completely, edit the code or better paste the optimization parameters of the indicator into the setting window of the expert advisor to optimize them automatically. After the optimization, you will have several sets of parameters anyway that will give good results on backtesting. I recommend using several sets for several copies of the expert advisor on different deposits.
Regardless of the Stochastic expert advisor being one of the simplest robots based on simple indicators, it optimizes well even without aggressive trading methods such as a grid of orders or Martingale. So, you may use a bunch of these robots of different indicators to minimize risks. Download Stochastic Expert Advisor. He used to be the head o the laboratory of technical and fundamental analysis of financial markets in the Research Institute of Applied System Analysis. Lim Kok Keong.
It is high time to look around while there are not much statistics around. The pair can be traded by fundamental or tech analysis and with the help of indicators. This article explains what NFTs are and shares a Top 5 list of companies connected to non-fungible tokens. This new exchange market week will be full of statistics. Investors will keep analysing global economies and geopolitics. There are still too many emotions in quotes.
The article describes the way of combining the EMA and Awesome Oscillator on H1, peculiarities of this medium-term trading strategy, and money management rules. It's more like hybrid between human and robot. I already made double within last three month. Easy 5 stars for this one. Simple but yet super effective. Good job Steve! This is one of very few EAs that has managed to produce consistent results. I love the simplicity of the Expert; In manual trading, Stochastic and MA are already a good combination of Indicators that give very good signals, having an EA that follows this strategy is like icing on the cake.
For me, Stochastic has been a joy to work with during back testing and implementation of optimized strategies. My best results so far have been with the set file, with some tweaking money management based on your account balance or initial deposit.
In addition to that Steve Zoeger has been a real Jedi when it comes to guidance and support. He tells what you 'need' to hear not what you 'want' to hear. The simplicity of the EA algorithm made very easy to understand its logic, and it has been doing very well for past 3 weeks.
Good job Steve keep up the good work. Simple to use, but huge winning percentage. I use it on 15 min trades, but you can also use longer time frames depending on your style of trading. Steve is a great mentor and you can ask him anything in his telegram group, he is very responsive. I highly recommend Steve and his EA products! Hands down, without doubt this is the best EA I have come across.
Both on back testing and live, the results have been consistent. The author is responsive and has answered all my questions promptly. The beauty with this EA is that you can choose whether to use the trailing stop and you can choose to use martingale or not and you have the opportunity to add a take profit and stop loss. I am using the provided 15 minute set and am very happy with it. Equally, the default settings worked a treat.
There are so many possibilities with this Stochastic Forex EA. Thank you Steve! Let's see what will happened after a week and I will leave a review after that. The results of this Expert are excellent, Because it also has a certain stop loss and take profit, you can use it without any worries I absolutely recommend it.
The EA trades using market orders with stop loss. New and improved strategy added, enabled by default. Disable MultiCurrencyAuto to use the old strategy. This Expert Advisor is works on a unique algorithm for calculating the price movement. It can open a series of orders in the direction of price movement, the average StopLoss is about twenty points, and TakeProfit is about thirty points. Automatic calculation of the default lot of 0. Magic Number :. Andrews night scalper is a fully automatic night scalping Expert Advisor.
The inputs are based on generator signals with an ATR filter. The Expert Advisor is great for any symbols. Advantages of the advisor: Easy to set up and use. Built-in automatic lot calculation. Doesn't load terminal. Convenient control panel for the advisor. Suitable for any financial instrument. Several modes of operation of the advisor. Input settings: Trading strategy - Choosing a strategy by which the advisor. This is a fully automatic Expert Advisor. The architecture is a Fully Automatic Autonomous Robot Expert capable of independently analyzing the market and making trading decisions Mir Station MT4 Have neurals nets to used the correct algoritm in the correct market situation Mir Station MT4 It is an advanced trading system.
The Robot is based on one standard Indicator. The Robot works also on cent accounts. It usually opens multiple trades per week and closes them mostly within days. If you do not like Martingale algorithm, you can change the value of Martingale to 1. Recommended Broker : www. In trading, along with experience, traders usually come to understand that the levels of accumulation of stop orders, price and time play a significant role in the market.
Blue Dollar EA is based on a multifunctional template and is designed for intraday trading with all major currency pairs on any timeframe. The strategy is based on analysis of price action within the daily volatility range for a given period. The EA has a vast set of features - it can be configured for any trading style, which makes it not just a trading robot, but a multifunctional flexible designer.
The EA applies order placement levels, stop loss, take profit and trailing stop levels invisibl. Jorge Gabriel Antonio Ochoa Mercado. The Super Trend EA is an algorithm developed by 8aSistemas, to achieve maximum performance in trend markets, the EA is developed with the most profitable and reliable techniques in case of trends such as moving averages, enhanced with various filters that favor the EA with a high percentage of success and following the trends from the beginning to the end.
The robot analyzes the market and automatically determines entry points based on the identified price fluctuations. The robot uses a dynamic system of profit taking and risk control. To make an entry decision, the robot monitors the formation of divergence and filters the signals taking into account patterns by volume. The robot uses virtual floating Take Profit, Stop Loss.
Decisions are made at the opening of the bar. The ro. MeetAlgo Universal Grid EA MT4 is a highly efficient and mechanical trading strategy which has no reliance on direction, profits from volatility and uses the intrinsic wavy nature of the market. Multi currency EA is a fully automated multi-currency Expert Advisor. Does not use Martingale and grid trading. Uses stop loss to protect funds.
It trades pending orders at acceptable time. Unengaged pending orders are deleted after the EA stops trading. Market Execution — Market Execution is applied — take profit and stop loss are placed after the order is executed and modified by the EA's settings. The Expert Advisor has flexible settings and can be used for multi-pair trading.
I suggest using 10 currency pairs at once at the same time. However, this does not mean that the Expert Advisor will immediately open 10 orders, one for each currency pair. The Expert Advisor enters the market only with a certain set of indicator readings. The Expert Advisor in the settings has loss limits in the. Forget about nice looking backtests screenshots, it is meaningless to show wonderful curve for a robot on a specific pair or on many pairs using different parameters via.
This will be nothing but a manipulation for commercial reason. Alexander Oropesa Marrero. You can also work a greater capital you just have to. A-xell is a trading system based on a complex mathematical model that generates signals for opening deals. The strategy is based on changing the current time series of quotes by reading the patterns in it. The EA transforms a series of prices using the Wavelet algorithm to find patterns in frequencies and amplitudes.
The EA opens one deal in a certain direction and places virtual Stop Loss and Take Profit, and also uses forced closing of orders when a situation occurs when the movemen. If you want an Expert Advisor that trades in a daily basis, this EA is not for you because using this requires a patience to wait for a few days or weeks. The EA opens two opposite orders, one of which is always closed with a profit, then the next pair of orders is placed. If the price goes in one direction, the adviser starts to increase profits, and losing trades increase the next lot, thereby closing all trades at the minimum profit.
The Expert Advisor is well suited for overclocking a deposit on a cent account. Can be used on any pair. Hedge Guru is a full automated Expert Advisor that can work on all timeframes with all currencies. It simply uses the combination of martingale and hedging strategies with stop loss to reduce the risk. MaximumLevel Parameter defines the point to close an order with loss. This is a grid Expert Advisor. It has several trading strategies based on the MACD indicator.
The virtual trailing stop, stop loss, take profit levels can be set pips, in the deposit currency or as a percentage of the balance. Depending on the settings, different orders may be opened for diversifying risks. Their closure can be either an oppositely directed or unidirectional basket of orders. The orders grid is adaptive, only market orders are used in it.
If the price moves the distance of Order. Unlike the free version, this Expert Advisor uses a news filter and additional filters to determine the trend. It protects orders with the help of locking. The robot uses martingale. This EA use pending orders. Sooner or later martingale can lose the deposit, it is recommended to control the trading of the EA while analyzing the market.
The EA trades on any symbol. The EA works on M1 timeframe. MarSe for MT5 ht. It also allows the application of one or multiple filters to strengthen trade logic. This EA also allows trailing stop loss option to assist in maintaining. Buyers of this product also purchase. Some Features: - Trend trading, only follow trend to reduce DD - News filter to stop EA before high impact news - Smart time filter to avoid unexpected falling, rising, gap This will cause back testing results to be inaccurate, because News Filter will help EA remove bad trades to limit Drawdown.
How to install Please. Renate Gerlinde Engelsberger. It's very different from most other scalping systems, since it uses a unique trading logic on cross pairs that have a strong mean-reverting tendency with high profit targets. EA enters the market with marke. This system is focused on a long-term stable growth. It is a professional to. How to install Please allow web requests to the following URLs for t. It was developed using years of experience in live trading with the mean-reverse strategy, and selected only the.
The algorithms of the robot provide investors of any level of training with an investment opportunity that is both safe and aggressive. Golden Coup EA imitating the work of the brain, capable of learning and adapting to changing conditions and predicting situations. When applied to trading i. Instead of fitting the system to reflect historical data like most people do it was designed to exploit existing market inefficiencies.
Therefore it is not a simple "hit and miss" system which only survives by usin. About the Author: The author graduated from the Department of Electronic Engineering, is familiar with computer programming, and achieved excellent results in computer programming.
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The stochastic oscillator indicator is often used to check for overbought and oversold state when analyzing a currency pair or any other trading instrument. The Stochastic Oscillator EA is a forex robot based on the Stochastic Oscillator with its Main Line, Signal Line and the Support and Resistance levels. Is an fully automated Forex Robot for MT4 Terminal Trading. The default settings are already profitable. But you can test and adjust the files to your needs.