Generic v14 EA Description
Good time of the day, dear colleagues!
Scalping in the Asian session is one of the most stable algorithms that brings profit on Forex. However, the biggest disadvantage of such robots is the large stop-loss, which can be restored up to several months. How can this defect be leveled?
An improved version of the Generic TLP Advisor was developed with an order grid as an extension. And for more than a year, this upgraded advisor has been trading with profit. In this review, we will analyze the pros and cons of the night scalper “on steroids” called Generic V14.
The Generic v14 version still tracks and trades on the signals of the anticipated trend reversal, but the algorithm is optimized for a more “accurate entry”. The grid of orders, averaging the loss, is dynamically built against the movement of quotes outside the upper and lower Bollinger bands – in areas where the probability of a price return increases.
To avoid excess frequency of transactions (knees) and thereby reduce the burden of the current loss on the deposit, the distance between them is selected using the ATR indicator, which helps to take into account the size of the current volatility of trades.
Expert Advisor Recommendation
- Timeframe: M15
- Currency pairs: GBPUSD, USDJPY, GBPCAD, GBPCHF, EURGBP, EURCHF, USDCAD, USDCHF
- Min Deposit : 500USD
- Working hours: Asian session.
Always remember you are braver than you believe, stronger than you seem, and smarter than you think.
- Christopher Robin
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