Preview
In this post we introduce an Expert Advisor (EA) specifically designed for automated trading of the British Pound / U.S. Dollar (GBPUSD) currency pair using daily candlestick data on the MT4 platform. The EA is very simple in its structure, operating using only two key elements: the daily Open values and the Heiken Ashi indicator.
Built with transparency in mind, the EA operates without any performance optimization, offering a clear and honest representation of its capabilities. By avoiding optimization, the EA allows users to evaluate its raw performance through default parameters, ensuring a straightforward assessment without the influence of curve fitting.
The development, testing, and analysis of this EA have been conducted under consistent parameters:
- Starting capital: €1,000
- Fixed lot size: 0.01
- Position types: Long and Short
- Martingale or Hedging: No
- Maximum leverage: 1:100
- Maximum open lots: 1
We provide an in-depth overview of the EA’s features, alongside detailed performance metrics derived from rigorous testing. These insights offer traders a comprehensive understanding of the algorithm’s behavior in diverse scenarios, empowering them to make informed decisions about its integration into their trading strategies.
The final part of the post displays the status of the trading system, which can be modified when the system is disabled or replaced. Quarterly subscribers can download the EA executable file for free, ready for seamless integration into the MT4 platform, as long as the system status remains active.
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