Directional Movement

Expert Advisor Overview and Advantages

• The strategy is based on the support and resistance breakout principle;
• The EA uses only Buy orders.
• The EA always uses Take Profit and Stop Loss.
• Multicurrency trading is supported.
• Easy of use.
• Wide choice of suitable currency pairs;
• Minimum initial deposit.

Operation Principle

• based on the data of two indicators (the first is RSI with a period of 14, the second one is custom built-in indicator), the EA opens a buy order and sets the Take Profit and Stop Loss levels. They are never modified and remain in one place.
• Orders are closed by the Take Profit and Stop Loss levels.
• No more than one Buy order can be opened for each pair the EA is running on.

Recommendations

• To start trading, drag the Expert Advisor onto the chart with recommended settings;
• I recommend using the multicurrency trading option by launching the EA on required currency pairs, setting a new value to the Magic parameter for each pair.

Input parameters

• Lot - the volume of market orders.
• TakeProfit - the Take Profit value in chart points.
• StopLoss - the Stop Loss value in chart points.
• Magic - market order magic number.

Recommended values of parameters

• Lot = 0.01;
• TakeProfit = 0.002;
• StopLoss = 0.002;
• Magic = 1.