Key Features:
- Signal Detection: Identifies oversold (RSI < 30) and overbought (RSI > 70) conditions with engulfing patterns for optimal entry points.
- Dynamic Risk Management: Uses the Average True Range (ATR) to adjust stop loss, take profit, and trailing stop levels, adapting to market conditions.
- Spread Filter: Avoids trading in high-spread conditions for better risk control.
- Visual Indicators: Displays buy (green arrow) and sell (red arrow) signals on the chart for easy monitoring.
Recommended Symbols:
- Forex: Major pairs like EUR/USD, GBP/USD, USD/JPY, and USD/CHF.
- Crypto: Liquid cryptocurrencies such as BTC/USD and ETH/USD.
Recommended Parameters for M1 Trading:
- InpPeriodRSI = 6 : A quick RSI for rapid market movements.
- InpMAPeriod = 2 : Short-period moving average for trend detection.
- MaxSpread = 15-20 points : Prevents trading during high spread conditions.
- InpLot = 0.01 : Start with a low lot size for safer trading on the 1-minute chart.
Getting Started:
- Adjust the parameters based on your trading style and market conditions.
- Test on a demo account first with recommended symbols to understand the EA's behavior and optimize settings.
- Monitor performance and refine parameters if needed for the best results.
This EA is simple, adaptable, and suitable for both beginners and experienced traders looking for automated, short-term trading strategies.
