Metatrader expert advisors dissected.
Posts tagged trailing stop
Wallbreaker
6January 31, 2013
Trading style: a scalper with a trailing stop that trades breakouts, taking into consideration the current support and resistance; for EURUSD the maximum SL is 40 pips from the entry price and the profits can even exceed 100 pips on occasion, while on GBPUSD the strategy is a bit different, allowing for a SL as high as 200 pips but also with a higher average profitable trade.
Currency pairs: EURUSD, GBPUSD
Price: €49/month, €499/year, €4899 lifetime license; IB licenses available at €39/month, €399/year
Currency pairs: EURUSD, GBPUSD
Price: €49/month, €499/year, €4899 lifetime license; IB licenses available at €39/month, €399/year
PhiBase Ray Scalper
8January 30, 2013
Trading style: Ray Scalper is a strategy that uses an algorithm named "backward ray tracing" for determining its entry and take profit target; the stop loss, take profit and trailing stop are dynamically calculated based on the average true range. Even though its name says "scalper", the average profitable trade is in excess of 30 pips and the average trade length exceeds 10 hours.
Currency pairs: EURUSD
Timeframe: M15
Price: $350
Currency pairs: EURUSD
Timeframe: M15
Price: $350
NeoTradEx live forward test
42April 15, 2012
Trading style: uses a neural network to enter the market when a trend is identified. Its positions have a stop loss, take profit and trailing stop calculated based on the volatility (for EURUSD, the default settings don't include a TP; the positions are closed by the trailing stop).
Currency pairs: pretrained for EURUSD and USDCHF but it can be trained for any other pair
Timeframe: pretrained for H1; it can also be trained for other timeframes
Price: €199
Currency pairs: pretrained for EURUSD and USDCHF but it can be trained for any other pair
Timeframe: pretrained for H1; it can also be trained for other timeframes
Price: €199
Orange Forex Robot live forward test
1November 15, 2011
Trading style: scalping with a very tight trailing stop.
Currency pairs: EURUSD
Timeframe: M5
Expert Advisor price: $277 (will supposedly go up to $327)
Currency pairs: EURUSD
Timeframe: M5
Expert Advisor price: $277 (will supposedly go up to $327)
Forex Winning Solution live forward test
4November 3, 2011
Trading style: reversal system with dynamic SL/TP and a trailing stop.
Currency pairs: GBPUSD
Timeframe: M30
Expert Advisor price: $30/month
Currency pairs: GBPUSD
Timeframe: M30
Expert Advisor price: $30/month
Two Percent Daily live forward test
12October 31, 2011
Trading style: uses breakouts as entries; a tight break even and trailing stop enables it to close in profit most of the time and makes its trading scalper-like.
Currency pairs: EURUSD
Timeframe: H1
Expert Advisor price: $499
Currency pairs: EURUSD
Timeframe: H1
Expert Advisor price: $499
Forex Gale live forward test
95September 29, 2011
Trading style: trend following using trade baskets, with an account-wide trailing stop. Uses three different strategies to this purpose.
Currency pairs: EURUSD, GBPUSD, AUDUSD, USDJPY, USDCHF, USDCAD
Timeframe: M30
Expert Advisor price: $195
Currency pairs: EURUSD, GBPUSD, AUDUSD, USDJPY, USDCHF, USDCAD
Timeframe: M30
Expert Advisor price: $195
ParaSwing live forward test
5September 29, 2011
Trading style: attempts to trade with the trend and uses a trailing stop on its trades. The SL is dynamic and supposed to be between 60 and 100 pips.
Currency pairs: EURUSD
Timeframe: M15
Expert Advisor price: $99
Currency pairs: EURUSD
Timeframe: M15
Expert Advisor price: $99
Iris FX live forward test
29August 7, 2011
Trading style: mostly trend-following; uses a trailing stop, uses limit orders for entries.
Currency pairs: EURUSD
Timeframe: H4, H1 (two strategies)
Expert Advisor price: $149
Currency pairs: EURUSD
Timeframe: H4, H1 (two strategies)
Expert Advisor price: $149
Steady Winner live forward test
11August 7, 2011
Trading style: trades around the clock, follows the trend, uses a trailing stop, sets relatively low stop loss & take profit values (SL 110, TP 55, TS 22), most of the time closes before SL or TP is hit.
Currency pairs: EURUSD
Timeframe: H1
Expert Advisor price: $88
Currency pairs: EURUSD
Timeframe: H1
Expert Advisor price: $88
Quantum FX Bot live forward test
10August 7, 2011
Trading style: 24h scalping, tight SL (30 pips).
Currency pairs: EURUSD, GBPUSD, USDCHF, USDJPY
Timeframe: M5
Expert Advisor price: $97
Currency pairs: EURUSD, GBPUSD, USDCHF, USDJPY
Timeframe: M5
Expert Advisor price: $97
Fx Steady Growth live forward test
0August 7, 2011
Trading style: attempts to capture trends, uses a trailing stop.
Currency pairs: EURUSD
Timeframe: H4
Expert Advisor price: $98
Currency pairs: EURUSD
Timeframe: H4
Expert Advisor price: $98