Expert Advisor Strategy

Classic breakout strategy using pending orders.

The orders are replaced every 15 minutes.

The TEMA and Bollinger Bands indicators are used for placing orders.

Stop loss is set according to ATR.

Take profit is not placed.

Positions are closed by market.

The default settings are recommended.

Stop loss: traditional

Grid: not used

Average position holding time: 16 hours.

Recommendations

• VPS
• ECN broker with small commission and spread
• EURUSD pair
• М15 timeframe
• The maximum spread is 30 points
• Maximum Stop Level is 50 points

Settings of the Expert Advisor

• UseMoneyManagement - Use MM
• Lots - volume of one position. Used when UseMoneyManagement = false.
• RiskInPercent - Risk per position as a percentage of the deposit Calculated by SL. Used when UseMoneyManagement = true and UseFixedMoney = false
• MaximumLots - Maximum volume per position. It applies to all parameters.
• UseFixedMoney - Calculate the volume based on risk position in USD. Used when UseMoneyManagement = true.
• RiskInMoney - Risk per position in USD. Used when UseMoneyManagement = true and UseFixedMoney = true.
• ExitAtEndOfDay - Close open positions at the end of the day
• ExitTimeEOD - Time to close the positions at the end of the day. Used when ExitAtEndOfDay = true
• ExitonFriday - Close open positions on Friday
• ExitTimeonFriday - Time to close open positions on Friday. Used when ExitonFriday = true