Trading Robots for MetaTrader 4
Shopping cart
MetaTrader 4
Top Rated Products MT4
Overview
EW Trends X AI!
My name is Murat Yazici. I am a PhD candidate in Statistics.
I have several papers, two books, book chapters, and conference presentations about modeling worldwide.
- About me: https://tinyurl.com/pjejextx
You can use the EA for 4 pairs: EURUSD, GBPUSD, USDCHF, and USDJPY, together.
The EA has 5 input parameters as below. I have some suggestions about the input parameters of EW Trends X AI.
- Take Profit (Pips): 3.2
- start Time : 8
- finish Time : 14
- LotSize : Your lot size
- Stop Loss (Pips) : 30
EW Trends X AI has a novel trend-based algorithm that I developed to detect and forecast trends.
- You will have avg. 6-7 trades in a day for all pairs.
- You will have only one trade at the same time. This is important to manage the risk.
The input parameters startTime=8 and finishTime=14 indicate to start at 8.00 am and to stop at 2.00 pm market watch time to open a new trade, respectively.
In this time range, the market is more stable than the out of the time range.
Let`s talk about the input parameters Take Profit (Pips)=3.2 and Stop Loss (Pips)=30.
These inputs give us an optimal profit using a scalping strategy. I do not suggest to use more than 5.2 pips take profit and 100 pips stop loss.
If you have an open trade and the time is out of the suggested range, do not worry.
EW Trends X AI will close the trade when taking profit or stop loss points is hit.
You can try to use my other EA called Genetic AI. The one of the differences between two EA is based the using my different novel Fuzzy modelling approach to the Market.
The other difference is on daily average trades. The EW Trends X AI has more daily trades than the Genetic AI.
Two EAs are designed for being quite robust.
- Genetic AI: https://www.mql5.com/en/market/product/128722
If you prefer to trade manually, try my trend-based indicator called AI Pearson Trend.
- AI Pearson Trend: https://www.mql5.com/en/market/product/128804
Murat Y.
