FoxTrotTWO EA
FoxTrotTWO EA is available for most major pairs. Recommended Timeframe is M15. To find the suitable trades the Expert Advisor uses two indicators and analyzes three different timeframes.
Recommendations
Trading Time: Open Trades in first two hours after the end of NY Forex trading session.
Timeframe: M15.
Pairs: EURUSD Other pairs can be used after optimizing the parameters.
Broker: It is recommended to use a low-spread broker and a VPS.
Tradingdays: Nights without (high-impact) news during the trading time. I recommend you do not trade on Friday PM.
Minimum Deposit: 100 USD
Minimum Leverage: 1:300
Risk: 10-20 - low risk setting / 30-40 - middle risk setting/ 50-60 - high risk setting
Benefits
The EA is ideally suited to complement other Expert Advisors
No martingale, no grid, no hedging
Equity protection by Stop Loss application
Suitable for large and small deposits
Inputs
Trading Hour Start = 23 - hour (broker time), in which the EA starts the trading period
Trading Minute Start = 30 - minute (broker time), in which the EA starts the trading period
Trading Hour End = 0 - hour (broker time), in which the EA ends the trading period
Trading Minute End = 59 - minute (broker time), in which the EA ends the trading period
Close Hour Start = 9 - hour (broker time), in which the EA starts the closing period
Close Minute Start = 0 - minute (broker time), in which the EA starts the closing period
Close Hour End = 9 - hour (broker time), in which the EA ends the closing period
Close Minute End = 1 - minute (broker time), in which the EA ends the closing period
Allowed Spread = 15.0 - maximum allowed spread (in points) to open a trade
Slippage = 3.0 - maximum allowed slippage (in points) to open a trade
Use Money Management = true - false means trade with fixed Lotsize; true means trade with automatic LotSize via risk setting
fixed LotSize = 0.01 - if Use Money Management = false then trade with fixed Lotsize
Risk = 30.0 - percentage of free margin to trade - for example: risk 30 means 0.03 lot per 100 USD free margin
max Lotsize = 90.0 - maximum allowed lot size to open trades
Trend Filter Period M5 = 16 - fixed timeframe M5 filter period
Trend Filter Value M5 = 50 - fixed timeframe M5 filter value
Trend Filter Period M15 = 12 - current timeframe M15 filter period
Trend Filter Value M15 = 50 - current timeframe filter value
Trend Filter Period H1 = 10 - fixed timeframe H1 filter period
Trend Filter Value H1 = 70 - fixed timeframe H1 filter value
Vola Filter Period = 7 - current timeframe Vola filter period (Vola Filter = ATR)
Vola Filter min = 30 - current timeframe Vola filter minimum value in Points (Vola Filter < value = there are no trades executed)
Vola Filter max = 300 - current timeframe Vola filter maximum value in Points (Vola Filter > value = there are no trades executed)
Magic Number buy = 1 - magic number for buy trades
Magic Number sell = 2 - magic number for sell trades
Magic Number buy2 = 3 - magic number for buy2 trades
Magic Number sell2 = 4 - magic number for sell2 trades
Deltafactor = 0.3 - Determines the distance from the upper and lower end of the range for Strategy2. The factor depends on the Vola Filter
TP Factor = 0.6 - factor to determine the TakeProfit. Factor depends on the Vola filter
SL Factor = 4.5 - factor to determine the StopLoss. The factor depends on the Vola filter
TP Factor2 = 0.6 - factor to determine the TakeProfit2. Factor depends on the Vola filter
SL Factor2 = 4.0 - factor to determine the StopLoss2. The factor depends on the Vola filter
Use Safe Mode = true - false means trade without Safe Mode indicator; true means trade with Safe Mode indicator
Safe Mode Indicator Period = 20 - current timeframe Safe Mode indicator period
TP min in Points = 25 - minimum value TakeProfit in Points
MondayAM= true - if true, then trading on Monday AM is possible; if false, then will be no trades executed on Monday AM
MondayAMStartTime = 00:00 - start time trading period Monday AM
MondayAMEndTime =12:00 - end time trading period Monday AM
MondayPM = true - if true, then trading on Monday PM is possible; if false, then will be no trades executed on Monday PM
MondayPMStartTime = 12:00 - start time trading period Monday PM
MondayPMEndTime = 23:59 - end time trading period Monday PM
The settings for Tuesday, Wednesday and Thursday are identical
FridayAM = true - if true, then trading on Friday AM is possible; if false, then will be no trades executed on Friday AM
FridayAMStartTime = 00:00 - start time trading period Friday AM
FridayAMEndTime = 12:00 - end time trading period Friday AM
FridayPM = false - if true, then trading on Friday PM is possible; if false, then will be no trades executed on Friday PM
FridayPMStartTime = 12:00 - start time trading period Friday PM
FridayPMEndTime = 23:59 - end time trading period Friday PM
Please note: The performance of the backtest is a little distorted. In the results of the backtest are also included trades in nights with important news. It is likely that a trade without high impact news improves the performance.
Click the button below to download this Expert Advisor: