Forex Double Day Expert Advisor

Forex Double Day Expert Advisor review:

Double Day is my own trading strategy. It only works on EUR/USD. While monitoring this pair, I found a certain pattern, and decided to develop an Expert Advisor in order to check the pattern on history. It turned out that the pattern had been working for already two years. I cannot unveil its essence, I can only say that it is a trend trading system that does not use any indicators. The entry point is determined after the closure of a daily candlestick, therefor in order for the EA to work accurately, your terminal must be turned on at 00:00, and it is even better if it is running 24/7.

In order to avoid errors, I have restricted EA operation on other currency pairs. It can only work on EURUSD.

Features

  • The Expert Advisor is based on the Safe rule: it opens two orders at a time, order has a Take Profit equal to its Stop Loss, and the other one has a Take Profit specified in settings.
  • The EA has a Trailing Stop function. If you want to disable the function, set First Trail and/or Trailing Stop greater than Take Profit.

Test results:

Forex Double Day Expert Advisor

Parameters:

  • Start Lot – the EA opens two trades at a time of the specified volume.
  • Take Profit – the EA’s Take Profit value.
  • Stop Loss – the EA’s Stop Loss value.
  • First Trail (Breakeven) – moving an order to breakeven.
  • Trailing -Trailing Stop value.
  • Trailing Step – trailing step.
  • Difference – a risk parameter. The lower the value, the less entry points the EA has with a higher success rate, and vice versa.
  • Draw Objects? – show/hide entry points on the chart.
  • Magic Number – Expert Advisor ID.

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Installation

Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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