The Expert Advisor myFXOverEasy uses a custom indicator which is a combination of four custom Metatrader indicators:
It is based on a trading technique developed in a forum dedicated to the Forex market. The package of this EA includes the above indicators and a template for Metatrader 4. In this case the trader can change the
maximum number of open positions and the basic trailing stop of 3 steps through the EA parameters.
- The best results were produced in the USD / CHF with a time frame of 4 hours.
- It uses a 'stop loss of 110 pips with a take profit of 160 pips which can be modified.
- On average, it performs about 8-9 trades each month.
Below are the parameters and results for this EA:
- Stop Loss: Variable.
- Take Profit: Variable.
- Currency Pairs: All.
- Time Frames: All.
- Best results: USD/CHF with a time frame of 4 hours.
- Percentage Gain: No information.
- Maximum Drawdown: 5%.
Note: This EA is compatible with ECN brokers.
You can download this Expert Advisor for Metatrader 4 using the following link: