INSTANT DOWNLOAD!
Price: $5.00
Expert: earevolutionpremium.mq4 (Unlocked – Source Code), UserGuide: EAREVOLUTIONPREMIUM.txt.
This trading system sounds like a well-thought-out strategy, especially with its use of the 200-period moving average to determine the trend, alongside RSI and Stochastics for identifying overbought and oversold conditions. Here’s a breakdown of how this system works and what to consider:
Key Features:
Trend Identification: The use of the 200-period moving average (MA) helps to identify the overall market trend, which is essential for entering trades in the direction of the trend and filtering out less favorable opportunities.
RSI & Stochastics: These indicators help to spot overbought and oversold conditions, providing potential entry points for buying in oversold and selling in overbought areas. This is useful in ensuring that trades are placed in optimal conditions for reversal or continuation.
Mediation Feature: The system does not rely on martingale or grid strategies, which are often high-risk. Instead, it uses mediation when the market moves against a trade, potentially helping to recover losses without the risk of exponential drawdowns.
Stop Loss: Having a stop loss is crucial for managing risk and preventing significant losses. The fact that this system uses it means it is designed with risk management in mind.
Low Frequency, High Accuracy: This system opens fewer trades, but with a high win rate (average of 95% positive trades after 7 weeks), which indicates that it is selective and aims for high-quality setups rather than frequent trading.
Recommended Settings:
Timeframe (TF): The strategy is designed to be used on the H1 timeframe (1 hour), which is a good choice for reducing the noise found in lower timeframes while still providing frequent enough signals for active trading.
Currency Pairs: It can be used on 28 forex crosses, which means it’s flexible and can be applied to a wide variety of pairs. However, it’s important to choose pairs with good liquidity and low spreads for better execution.
Considerations:
Backtest and Demo Trade: Before using it on a live account, ensure the system has been thoroughly backtested and demo-traded for more than 7 weeks. This helps verify its consistency and effectiveness in various market conditions.
Monitoring: Although the strategy seems reliable, always monitor your trades, especially in volatile market conditions. Having a high win rate is excellent, but no system is infallible.
Risk Management: Even though it uses stop loss, consider adjusting the position size and ensuring you have proper risk management for your account size, especially if the strategy opens larger positions during market moves.
