Welcome Forex EA downloads & MT4/MT5 auto-trading resources — EAs, Gold EAs, quant tools and real-world automation.
Sign In Sign Up

Base Hits - Over and Over (Base Hits - Over and Over) - MT4/MT5 Resources

author EAcpu | 4 reads | 0 comments |
I have created this system over the past two years or so...and it suits my trading style perfectly. I'm not a buy and hold trader, rather I accept what the market gives me at the moment...

The goal of this system is to take profits when the market conducts and possibly hit some home runs when the trend is strong...time will tell

Start-up capital: $6,000


Trading AE:

Trading Agent Darkmoon FX

I really like this tool to automate various aspects of my trading (Break Even - Partial Closing)

Unfortunately, the developers haven't been actively advancing the product for a while.

Currently looking for alternatives under active development.


My indicators:

TEMA - Exponential Moving Average

  1. 15
  2. 50
  3. 100

Three-color MACD

  1. 12, 26, 9

Stochastic

  1. K period = 30
  2. D period = 20

Trading currency pairs:

Main - EUR/USD | GBP/USD

Secondary - CAD/USD | GBP/JPY


Trade details:

Deal Size: (Equity Based)

  1. 1% - normal trading
  2. 2% - Strong Momentum
  3. 3% - Strong Momentum

Qualifiers:

  1. The 60m trend direction is strong

entry:

  1. The 15m stochastic indicator turns towards the 60m trend direction

Active transactions:

  1. Stop at 150 points
  2. 12 PIPs - 50%

break even:

  1. 12.2 - 1.5 points
  2. Manually moving stops on higher lows

Closing transaction:

  1. When stop loss or 60m trend changes

Add to active location:

  1. 5m Stochastic turns to 30m trend direction

Suffice it to say, this post will serve as a journal for me, and if it adds value to others in the process - great!
Let's get started...

How to get the "MT4" tool I use:

Trading Agent - Click Here (Note: Developer is no longer active - Currently looking for alternatives...
3 Color MACD Indicator- Click Here <br> Stochastic indicator - the basics in MT4
TEMA indicator - click here

My setup for each pair is as follows:

screenshot.pngGU Trade example.pngEURUSD 2_25_2023.png
screenshot.pngGU Trade example.pngEURUSD 2_25_2023.png
screenshot.pngGU Trade example.pngEURUSD 2_25_2023.png
screenshot.pngGU Trade example.pngEURUSD 2_25_2023.png
screenshot.pngGU Trade example.pngEURUSD 2_25_2023.png
screenshot.pngGU Trade example.pngEURUSD 2_25_2023.png

📦 Summary of post attachments (2)

Below are all the files (2) shared in the reply.

Verification code Refresh