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Overbought forex

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overbought forex

The Overbought Oversold EA is a short term model that identifies key RSI strength and weakness forex a short term range. Based on the specific time frame set, the Metatrader EA can identify when a range is set and the degree of variance in the overall strength or weakness at the time. For example if the forex cross is trading in a sideways range, it will set specific RSI levels based on the historical data. If these high or low points are touched, then the EA will trade accordingly. The default settings are set with no stop loss or take profit; however this could be extremely dangerous and could lead to significant drawdown periods. Outlined below are some of the unique and interesting features of the Expert Advisor. Unlike many other EAs, the Overbought — Oversold system allows the user to optimize on different time periods. Caution should be taken, so as to ensure that it is forex curve fitted. During the optimization, the trader can test different parameters and levels including take profit, stop loss points, different RSI ranges and trailing stops. The EA provides the trader with a simple account percentage stop loss parameter. This will overbought show when the order is open, however when set it will calculate the percentage of loss the trade is at and determine based on your forex the exit point. Many Expert Advisors do not offer the overbought to automatically set a trailing stop loss to lock in profits on the way up. This EA identifies how far in profit your trade is and will then set the level of trailing stop according to you original parameters. When optimizing or training the EA, you can decide on whether this should be activated. During the week of the 25th April, we tested the EA on a demo account at FX Pro. The system started the session on a positive note, however on Thursday a few losses added up and pushed the balance back to the original starting level. In order to effectively gauge the potential of the EA, we used two completely different sets of parameters. The initial lot size was 10 and then it was manually increased to Such settings were very high risk. Included below are the downloaded detailed statements from FX Pro to show the demo account performance. Please note this is on a demo account, not real. Caution should be taken with all EAs, as you could lose more than you put in. Notify me of follow-up comments by email. Notify me of new posts by email. Overbought — Oversold Free EA The Overbought Oversold EA is a short term model that identifies key RSI strength and weakness along a short term range. Trailing Stop Loss Many Expert Advisors do not offer the opportunity to automatically set a trailing stop loss to lock in profits on the way up. Demo Account Performance During the week of the forex April, we tested the EA on a demo account at FX Pro. February 16th, at 3: March 1, Reply 1. July 17, Reply 2. February 21, Reply 3. Click here to cancel reply. Type your message here Broker Rating HotForex 4. Airhopper Forex EA Review inControl Overbought Reviewed PipHunter EA Reviewed DragonCell Forex EA Reviewed Arteon Robot Reviewed And Discussed. PaulDV on Forex Steam Review ForexSteam EA Results Eddie on Goldbull Overbought Review Eddie on Goldbull Pro Review Jian Peng on Aeron Scalper Review Dookie doubtful on Forex Black Book Review And Discussion. Broker Comparison Table EA Competition Best Performing Forex Robots Trade On A VPS Home Downloads Become A FREE Bronze Member. Earnings DisclaimerPrivacy Policy. Forex Flex EA Acct4. Flex EA 6 Mn Triple up. Forex Flex EA Test 5.

5 thoughts on “Overbought forex”

  1. Adriana says:

    Still, and at the risk of repeating ourselves, it might be a good idea to play around with it on a test computer before you start messing with security descriptors on a real computer.

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