Saturday, December 7, 2019
Home Expert Advisors 1 Hr Swing Forex Trading Robot
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1 Hr Swing Forex Trading Robot

$75.00 $50.00

Please input your Account Name as registered with your MT4 broker

Description

The 1 Hr Swing Forex Trading Robot is based on two trend following indicators and 2 trend filters.

This trading system can be used on any forex pair and its better to be used on higher timeframes from 1 hr and above.

This Robot uses the following indicators in the strategy:

  • 13 Exponential Moving Average
  • 55 Exponential Moving Average
  • Octopus Indicator  (Octopus_1 & Octopus_2)

Timeframes: 1 Hour

Currency Pairs: Any

Buying Rules

  1. Both octopus indicators must be in the green zone
  2. 13 EMA must cross 55 EMA to the upside.
  3. When the above two conditions are met then the EA opens a Buy trade .
  4. Then the EA places stop loss below the recent swing low (or support level).
  5. Take profit at is set at X times the initial risk (default: 2 times). For example, if you risked 10 pips, then you either set your TP at 20 pips  respectively.
  6. or  if you don’t want to take profit but ride out the trend until the octopus 2 indicator color turns from green to red then you can activate this option by clicking the Button on the chart. (You can also deactivate it if you wanted)

Selling Rules

  1. Both octopus indicators must be in the red zone
  2. 13 EMA must cross 55 EMA to the downside.
  3. When the above two conditions are met then the EA opens a Sell trade .
  4. Then the EA places stop loss above the recent swing high(or resistance level).
  5. Take profit at is set at X times the initial risk (default: 2 times). For example, if you risked 10 pips, then you either set your TP at 20 pips  respectively.
  6. or  if you don’t want to take profit but ride out the trend until the octopus 2 indicator color turns from red to green then you can activate this option by clicking the Button on the chart. (You can also deactivate it if you wanted)

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