Simple FX System

As the name applies, this EA is using a simple FX trading system. It is simple, yet effective.

The system the EA is using consist of Moving Averages Crossovers (for opening trades) and Bollinger Bands (for closing trades).

The EA can be used without having the need to set the trading start hour or end hour; as it uses the indicators to look for trading opportunities.

To be used with EURUSD pair, 1H or 4H time frame.

BUY Orders:

Opening Trades

• Fast MA is lower than Slow MA

Closing Trades

• Bar opens below Lower Band after opening above it

Sell Orders:

Opening Trades

• Fast MA is higher than Slow MA
  

Closing Trades

• Bar opens below Lower Band after opening above it

The EA is a fully automated; the only thing you need to do is to set it up!

Benefits:

• Easy to set up
  
• Does not need a large amount of capital to see results
• Works on a hedging account
• No complex formula
• Can be further optimized in the strategy tester
• All trades protected by stop loss!
  

Recommendations:

• Conduct a test using a small capital account or a demo account.
  
• Test at least 2 to 4 weeks.
• Usage of VPS for continuous testing or trading is recommended; unless you can leave your workstation on 24/7.
• Do backtest and forwardtest!
  
• This EA is allowed to run multiple times on the same account. Optimize it for the different time frames!
  

EA Settings:

Protection

Stop Loss (pips): Fixed stop loss; minimize your loss.

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