Trading Robots for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
Strategy approach Mozart ORB EA
Assumptions:
each trading day is different
Volatility of the first regular trading hour determines the continuation of trading during the day
fixed rules
Strategy approach
Classic Open Range Breakout Strategy (ORB)
Benefits
Clearly defined entry and exit levels when activating the strategy approach
Calculation of the basic strategy parameters within the first regular trading hour of the respective market
Constant chance-risk ratio
No position held overnight (intraday trading)
The model is (almost) independent of indicators
Strategy description:
What values of an instrument do you need?
High price of the instrument from the first hour of trading
Low from the first hour of trading
The so-called range is calculated from the difference from high price to low price
This range is at the same time the maximum risk to be intake for the respective trade
By adding the range to the maximum, you get the target corridor for an increasing setup ( Long Trade)
Strategy description:
At the end of the first trading hour, entry and exit levels are fixed
Each time the upper limit is exceeded, a longtrade is activated
A short trade is activated every time the lower limit is lowered
The opposite limit is at the same time the stop loss limit and is followed by falling below the limits
There are two objectives: 50% and 100% of the calculated rank
After reaching the 50% limit, the stop loss is drawn to the entry level, so the rest of the trade is almost risk-free
Minimum trade size are 2 contracts or a multiple of them
Where does the strategy work?
Volatility and liquidity in the market necessary
Major Indices possible worldwide
Focus on DAX, FDAX,SPX and Bund-Future
Individual values and Forex trading are not tested
The three main elements
Discipline
Continuity
Mental strength
