If you automate even part of the transaction, the Rule Maker will fulfill your wish【Rule Maker】
If you are approaching FX with discretionary trading from all angles—fundamentals and technicals—you often find yourself wanting to automate at least part of it.
There is an Expert Advisor (EA) that I would definitely recommend for investors like that to check out.
It is the EA called "Rule Maker," which allows fine-grained settings of time, day of the week, RSI, and Bollinger, and is said to be used by the developer themselves in anomaly trading.
Not only the basic items such as entry time, close time, TP, and SL, but also optional features such as triggers by RSI and Bollinger Bands, Go-to days taking holidays into account, and filters for US Nonfarm Payroll release dates, enabling flexible settings for points to consider when performing discretionary trading.
Also, even on Go-to days there can be weekends and holidays, and US NFP days may fall on Independence Day, making it a bit of a challenge to automatically recognize the exact dates, butRule Makerreads Japanese holidays from an external CSV file, and Go-to days and US NFP dates are calculated by an algorithm.
With the parameters in the image above, you can configure time zone, daylight saving time, reference time, trading only on Go-to days, day of the week, RSI entry value, RSI exit value, entry on Bollinger Band touch, exit on Bollinger Band touch, no entry on US NFP days, no entry during NFP weeks, year-end/new year (date-specified), etc. If you input the knowledge and experience cultivated through discretionary trading into these parameters, you can automate even a portion of the trades you have been manually executing.It is capable of automating at least a portion.
The trading results for a USD/JPY setting discovered by the developer under the default configuration are shown below.
The 17-year backtest results for the developer's USD/JPY settings are also very favorable.
Personally, I believe this is a must-see tool for excellent discretionary traders; it feels like software of this kind has finally arrived.
written by Hayakawa
