EA to place limit orders at expected reversal points of resistance/support
Hello!
Satoshi here with FX research.
Today I bring you an EA that places limit orders at resistance/support turning points.
The figure below is a chart of the most recent buy/sell history of the WaveCatch 5-currency EA for EURJPY 4-hour, placing orders at resistance/support turning points.
http://livedoor.blogimg.jp/fxmt4indicator/imgs/b/0/b0c2352d.gif
Released in August, the first trade was a buy on EURJPY 4-hour with +65 pips.
The five currencies are,USDJPY, EURJPY, GBPJPY, GBPUSD, AUDNZD.
The second trade was a buy on GBPJPY, and as shown below it currently has about +80 pips unrealized profit and is being held.
http://livedoor.blogimg.jp/fxmt4indicator/imgs/0/9/0990b1db.gif
The stop loss is 50 pips and the take profit is 300 pips, a risk-limited, reward-spirited EA.
If unrealized profit exceeds 30 pips, the stop is moved to +5 pips, and in sharp declines it closes with a small profit.
August was range-bound, so system trading was challenging, but despite that, the WaveCatch 5-currency EA started off smoothly with a small number of trades.
Today is the final day of the campaign, but the forward-looking EA listed is managed by FX-ON ID management, so it is not given away as a present itself, though if you purchase it, the amount will count toward your purchase total.
The EA related to today's article is as follows.
To express our gratitude, we are holding a special summer vacation gift campaign!
From August 1, 2018 to August 31, 2018, for one month,
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we will present gifts according to the total purchase amount.
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If your total purchase amount is 9,800 JPY to less than 30,000 JPY
Gift total <= your total purchase amount
If your total purchase amount is 30,000 JPY to less than 50,000 JPY
Gift total <= 1.5 times your total purchase amount
If your total purchase amount is 50,000 JPY or more
Gift total <= 2 times your total purchase amount
When applying, please email your purchase ID (order number), the purchased items and their amounts,
desired item numbers, item names, and their amounts.
From the time we receive your application email, we will normally send the items within 3 business days.
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