THEWINNERTURTLE
EXPERT ADVISOR MT4
This EA is based on price
action and RSI indicator to trade EURUSD currency pair on M15 timeframe.
THEWINNERTURTLE is a
price action swing system working for a long-term profit as showed by
backtesting.
THEWINNERTURTLE identifies
price movement to easily find buy and sell opportunities and places
automatically trades based on defined parameters.
THEWINNERTURTLE does
not use neither martingale nor averaging of losing positions.
SETTINGS
- THEWINNERTURTLE is a long-term Expert
Advisor and represents then a long-term investment. This EA is working as
a turtle, it’s profitable but need time; - All trades have Stop Loss
and Take Profit values that you can define, but it’s recommended to use
the pre-defined values that were backtested;
INPUT PARAMETERS
THEWINNERTURTLE EA is based on Standard deviation and RSI indicators. You can define some
parameters to get best results of it:
·
Entry
lots_ default value is 0.1.
But you can update it depending on your account balance. Eg. 0.02 if your
account balance is very low (eg. $500). You can backtest and find other
parameter that suits your balance;
·
Stop
Loss (pips)_ default and
recommended value is 84;
·
Take
Profit (pips)_ default and
recommended value is 28;
·
RSIperiod_ default Period value is 15. This is to check
the trend, very similar to slow and fast MA;
·
RSI_level_ default value is 77;
·
Standard
Deviation_Period_
default value is 14.
You can do back testing
to find your best parameters or use recommended default parameters. You can also
do forward testing with demo account before using this EA on live account.
BUT STILL DON’T FORGET
THAT PAST PERFORMANCES ARE NOT INDICATIVE OF FUTURE RESULTS AS PRICE ACTION IN
THE MARKET FOLLOWS TRADERS’ PSYCHOLOGY.