AI Technical Analyst

NO martingale

NO grid

NO hedging

Just real trades based on real market analysis!

Optimized for EURUSD M5

The EA responds to change over time in market conditions in volatility, volume and trend strength. The algorithm incorporates 8 different strategies that respond to varying underlying market conditions and the way those conditions change over time. The key to the strategy is responding to dynamic markets instead of blindly applying a formula to a set of indicators.

Avoiding over-optimization and curve fitting – strategies  are not just based on the best historical results but have been thoroughly tested on out-of-sample data to ensure maximum consistency between optimized and out-of-sample data with a ratio 2:1. This helps each strategy to be consistently profitable in non-optimized markets. The 8 resulting strategies have been balanced for:

• Consistent results between optimized and out-of-sample testing periods
• High stability and minimal sensitivity to small parameter changes
• Small drawdowns
• Large profit factors
• Narrow equity curve channels

How is this different to other EAs out there?

• Each strategy is premised on well-known concepts that define underlying market conditions, including volatility, volume and market strength. However, this is only part of the picture; the algorithm scans the market to determine change in those conditions over time to gauge where the market is heading – typically using longer periods as they are more reliable.
• The algorithm will scan the market on multiple time frames, varying from 5 minutes to monthly.
• Entry points on shorter time-frames have minimal impact on the strategy’s performance, as trades are based on sound decisions on longer time frames about where the market is and where it is heading.
• Hard stop losses are always used as an insurance policy
• only one trade is open at a time

Please read (important things to note):

• The EA will not trade every day. Timing is key. The strategy purposely avoids directionless markets. There may be long periods where there are no trades. If you would like to trade more often you can adjust "Strategy_Precedence_Combination" to "C", "D" or "E" but "A" is recommended.
• Take profit levels are placed very far. The EA will take whole or part profit early when it reaches its goal or a trailing stop is hit. These levels will vary between market conditions.
• Hard stop losses are always used and placed as an insurance policy against extreme volatility and reaction to news. The strategy may exit trades early if it sees a reason to.
• Because there is no hedging, there  will be unprofitable trades. The system trades more like a real professional trader that consistently makes a profit over time, instead of aiming to cover each loss with larger and larger lots. Focus on long-term consistency in profit rather than daily or weekly performance.
• Increase the number of bars in your chart to maximum possible as the EA will scan higher time frames
• It is advised that you do not interfere with trades once opened or attempt to analyze entry points based on indicators on small time-frames. The EA is using far more information than is available through standard MT4 indicators at any point in time.
• Your broker must allow taking part profit!

EA Properties

• General Settings
• Magic_Number: Trades will be opened with an additional two digits after your chosen magic number so that the EA can track different strategies used if it is restarted
• Lot_Size - can be changed but is overwritten by the EA if 'AutoLot' = true 
• MaxSpread - max allowable spread
• Slippage - max allowable slippage
• AutoLot - toggles auto lot calculation and overwrites Lot_Size based on your defined 'Acceptable_Risk_as_Percent_of_Balance' (RECOMMENDED to be set to TRUE)
• Acceptable_Risk_as_Percent_of_Balance - calculated based on the maximum drawdown the EA has experienced in 11 years of back-testing 
• USE WHOLE NUMBERS - e.g. 10% should be typed as "10" not "0.1"
• Default to "10" (recommended)

• Strategy_Precedence_Combination - 5 different approaches ("A", "B", "C", "D" or "E") that determine how the algo prioritizes some of the 8 strategies over others in specific market conditions. All are profitable & use the same concept but A is the most balanced. The algorithm trades more often as you increase from "C" to "E".