The Market Reversal EA is an automated trading advisor specifically designed for trading the EURUSD currency pair. This EA work is based on reversal points within overbought and oversold zones. With 16 distinct strategies and a range of customizable input parameters, the EA allows traders to optimize it for different brokers and trading environments.
Key Features
- Diverse Strategies: The EA has 16 strategies, each with customizable input parameters. This allows traders to tailor the EA to their specific trading style and the conditions of their chosen broker.
- Order Closure Options: Profitable orders are typically closed using a Trailing Stop, though traders can opt to use a Take Profit setting if you prefer. For unprofitable orders, the EA provides the option to use either a Stop Loss or a recovery function. The recovery function is particularly noteworthy, as it uses an intelligent algorithm to open one or two additional averaging orders in an attempt to recover losses. All aspects of the recovery function, including the multipliers and conditions for opening additional orders, can be adjusted in the input parameters.
- Risk Management: The EA offers a sophisticated approach to managing unprofitable orders. When a trend reversal signal is detected, it opens one or two additional orders with an increased lot size. By default, the first additional order uses a multiplier of 2, while the second uses a multiplier of 1.
Recommendations
- Minimum Account Balance of $100.
- Work Only on EURUSD. (Work on any pair)
- Work Best on H1 Timeframes. (Work on any timeframe)
