Forex Red Eye USDJPY

Forex Red Eye USDJPY

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  • Forex Red Eye EA is an intelligent automated Expert Advisor. It is working with many smart strategies and works without any complicated settings. 
  • Entry and exit logic operates on Bar Close only. This filters market noise, dramatically speeds up optimizations, avoids stop loss hunting, and ensures proper operation at any broker with a reasonable spread.
  • This EA has a protection function in that the EA is not allowed to open positions above a spread to be set.
  • Furthermore, you can set at what times the EA should only be active.
  • In addition, you can set the EA to close all positions below a certain equity. 
  • 4 different types of Money Management (Fixed Lot, Percentage, Geometrical, Proportional)
No grid, no martingale, no arbitrage, no tick scalping, non curve fitting!
  • The EA opens a lot of positions, so a small lot size is preferred! Trade first on Demo account to test.
  • 5 years 99% quality backtest with 0.10 lotsize.

Information

  • Use on several accounts is possible
  • Works with 4-5 digits brokers
  • Money management (Maximum Spread, Minimum Equity) is adjustable
  • 4 Types of Money Management
  • Trading times are adjustable
  • Best Timeframe: H1
  • Symbols: USDJPY
  • Minimum deposit: $500

Recommandations

  • before using on real money, test the adviser with the minimum risk on the cent trading account
  • Use VPS or the server with minimal network delays to the server of the broker;
  • low spreads + low commission + quality execution - this is the main thing when choosing a broker for trading

 

SETTINGS

  • SHOW INFOPANEL ON CHART - Show Infopanel on Chart
  • Custom Order Comment - CUSTOM ORDER COMMENT
  • Base Magic Number - You can change Magic Number.
  • MM: 1.PERCENTAGE 2.FIXED 3.GEOMETRICAL 4.PROPORTIONAL - Choose your Money Management
  • Maximum Lots - Your Maximum Lot size value when using Entry percent.
  • FIX Lots - If use MM Fixed Enter Lotsize here
  • Geometrical Factor - Enter Geometrical Factor if use Money Management 3 (GEOMETRICAL)
  • Proportional Risk- Enter Proportional Risk Factor in % if use Money Management 4 (PROPORTIONAL)
  • Entry Percent - Your entry risk based on your equity value.
  • Use Spread Protection - Select if you want to use maximum spread protection.
  • Maximum Spread (points) - Maximum allowed spread to open a position.
  • Use Minimum Equity - Select if you want to use Equity Protection.
  • Minimum Equity - Stop opening new trades, close all trades and disable the EA when equity is below X amount.
  • Sunday Open - start trading time on Sunday. Enter time in seconds when the EA starts opening positions on Sundays.
  • Sunday Close - end trading time on Sunday. Enter time in seconds when the EA stops opening positions on Sundays.
  • Monday-Thursday Open - start trading time on Monday-Thursday. Enter time in seconds when the EA starts opening positions on Monday-Thursday
  • Monday-Thursday Close - end trading time on Monday-Thursday. Enter time in seconds when the EA stops opening positions between Monday-Thursday.
  • Friday Open - start trading time on Friday. Enter time in seconds when the EA starts opening positions on Friday.
  • Friday Close - end trading time on Friday. Enter time in seconds when the EA stops opening positions on Friday.
  • Ignore Sunday - Select if the EA should trade on Sundays, true/false.
  • Close at session Close - Close all positions after a session, true/false. Time you have setup before.
  • Close at friday Close - the EA will close all positions at the end of Friday session.

 

   
Forex Red Eye USDJPY

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