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myFXOverEasy Expert Advisor

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myFXOverEasy Forex expert advisor uses a FXOE-Combo custom indicator, which in its turn is a combination of four other custom MetaTrader 4 indicators: Slope, Trend, LRSI and AscTrend (if enabled via input parameters). This expert advisor is using the strategy originally developed on StrategyBuilder forum, but it is trading against the strategy (as it was tested by me, it yields better results). All required indicators and display template are included into this EA package. You can modify the maximum number of opened positions and the basic 3-step trailing stop via the input parameters.

Testing myFXOverEasy MetaTrader expert advisor over a one year period gave more than $1,800 profit using USD/CHF currency pair on a four-hour timeframe. The maximum drawdown didn't exceed $600. Testing its performance over last three years also confirmed its stability.


What are the stop-loss and take-profit used by this EA?

It uses 110 pip stop-loss and 160 pip take-profit that can be easily modified via input parameters.

How often does it trade?

On 4-hour USD/CHF chart (the optimum settings) this EA will trade 8-9 times a month on average.

This EA is ECN-compatible.You must setECN_Modeinput parameter totruein order to enable ECN-compatibility for this expert advisor. Otherwise, you will most likely be seeingOrderSend Error 130messages when EA will be trying to open positions. This is because, if you are trading with anECN broker(withmarket executionfor orders), you cannot set SL/TP on position opening. You have to open a position first without SL/TP and only then modify it, adding stop-loss and/or take-profit level.

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Topic starter Posted : 04/09/2020 9:53 am
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