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Number of messages : 42
Points : 1106
Date of Entry : 2015-05-08
Year : 37

Forex Profit System

on Wed Oct 28, 2015 7:27 am

Forex Profit System is a Server Side VertexFX Expert Adviser. The EA is based on three exponential moving averages and the parabolic stop and reverse indicator. The trading system rules are:

1. Buy when the ten period exponential moving average cross above 50 period exponential moving average and ten period exponential moving average is above 25 period exponential moving average and stop and reverse is in buy mode.

2. Sell when EMA 10 cross below EMA 50 and EMA 10 is below EMA 25 and SAR is in sell mode.

4. Exit the trade when either fixed stop-loss, trailing stop loss or fixed target is hit.

5. Exit buy when trade makes 10 pip profit and EMA 10 is declining. Exit sell when trade make 5 pip profit and EMA 10 is rising.

The EA manages the trade well. It locks in profit with trailing stop loss as well as exit from trades when it finds the market conditions are not favorable as the ten period EMA begins to move in opposite direction. Before running the EA on server, set the parameter values at the top of the script file. Specify the symbol to trade in the "Symbol" parameter, chart time frame in "Chart Period" and other parameters like target, stop-loss etc. The EA runs on the server even if the trading terminal is closed on the local machine. 

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