The Amazing expert advisor is not a common automated trading system that automatically operates on the market according to a programmed strategy based on technical analysis. Basically it is a system that trades based on market news and take advantage of breakouts that occur when these reports are released so it only works on the date and time set by the trader (when major economic events and important economic indicators are announced). Therefore it is an EA designed for traders who are most interested in fundamental analysis than technical analysis.
In this case the trader adds the day, hour and minute when the news is announced and Amazing determines the best ranges of breakouts, stop loss, take profit and trailing stop loss that can be used given the current market conditions.
This expert advisor is available for Metatrader 4 and Metatrader 5, however in the case of the MT5 version it is not recommended to use Amazing with other EA for the same currency pairs.
EA Main Parameters
- Nday: This parameter must be set on the day of the month (1-31), in which the news will be released. This day must be within the current month and year.
- Nhour: Allows the trader to set the hour (0-23) when the news is released.
- NMinute: Set the minute (0-59) when the news is announced.
Note: This EA can be used in ECN brokers.
Below are the parameters and results for this EA:
- Stop Loss: Variable.
- Take Profit: Variable.
- Currency Pairs: All.
- Time Frames: All.
- Best results: No data available.
- Percentage Gain: No data available.
- Maximum Drawdown: No data available.
You can download this Expert Advisor for Metatrader 4 and 5 using the following link: