Simple Envelope Recursive Stoch Ea (Simple Envelope Recursive Stoch Ea)
Hello everyone
I share my trading method v2 it's f= which has been improved quite a bit and I wouldn't say it's perfect (that's one of the reasons I'm posting it here). Hopefully a better programmer than me can help refine the strategy. So far, it performs well in both trend (95% accuracy) and range (60% accuracy).
It has only two indicators: the envelope indicator and the recursive stochastic indicator. Lower side-
v I can't say it always works, but I've attached it to explorer just to show how it works so far.
I will attach indicators and experts for review and input.
Until today, it’s all GU
EU so far
index:
Envelope(55) index, open, bias 0.15
expert:
As can be seen, the lot size of $500 is set to 0.03 => 10 pips == $0.3
Each loss is multiplied by 2.
Stop loss is determined when entering the market: Envelope band: upper limit for short orders, lower limit for long orders
TP is also determined by entry point = SL point
On each new candle, the SL adjusts to correspond to the envelope band.
The EA has been tested to work on M5 but should work equally well on any time frame (just change the settings).
It makes money on losses because some losses end up being so low, and the target price is fixed so profits are dynamic.
I share my trading method v2 it's f= which has been improved quite a bit and I wouldn't say it's perfect (that's one of the reasons I'm posting it here). Hopefully a better programmer than me can help refine the strategy. So far, it performs well in both trend (95% accuracy) and range (60% accuracy).
It has only two indicators: the envelope indicator and the recursive stochastic indicator. Lower side-
v I can't say it always works, but I've attached it to explorer just to show how it works so far.
I will attach indicators and experts for review and input.
Until today, it’s all GU
EU so far
index:
Envelope(55) index, open, bias 0.15
expert:
As can be seen, the lot size of $500 is set to 0.03 => 10 pips == $0.3
Each loss is multiplied by 2.
Stop loss is determined when entering the market: Envelope band: upper limit for short orders, lower limit for long orders
TP is also determined by entry point = SL point
On each new candle, the SL adjusts to correspond to the envelope band.
The EA has been tested to work on M5 but should work equally well on any time frame (just change the settings).
It makes money on losses because some losses end up being so low, and the target price is fixed so profits are dynamic.
Attachment to original post (2)
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