Description
ForexEko is a powerful Expert Advisor (EA) designed specifically for trading XAUUSD on the H1 timeframe. This EA employs a sophisticated strategy that leverages price action, built-in indicators, and meticulous market analysis to maximize trading opportunities and profits.
Strategy Details:
- Market Scanning and Trend Identification:
- ForexEko continuously scans the market to identify the general trend using price action.
- It utilizes built-in indicators such as Moving Averages to assist in this identification process.
- Overbought/Oversold Check:
- The EA checks with an Oscillator to ensure that the market is not in an overbought or oversold area, ensuring optimal entry points.
- Exotic Candle Filtering:
- The EA examines the chart to filter out exotic candles, focusing only on reliable and actionable candlestick patterns.
- Candlestick Pattern Recognition:
- ForexEko identifies specific candlestick patterns to determine market sentiment.
- If the conditions suggest that the Bulls are in power, it triggers a BUY order after all confirmations are met, and vice versa for SELL orders.
- Risk Management:
- Each order placed by ForexEko comes with a predefined Stop Loss and Take Profit.
- The Take Profit level is set higher than the Stop Loss to ensure a favorable risk-to-reward ratio.
- Only one order is opened in the market at any given time to manage exposure.
- Martingale Strategy:
- To cover loss orders, ForexEko employs a very light martingale strategy, ensuring that risks are managed effectively.
- Global Stop Levels:
- For enhanced security, the EA includes built-in Global stop levels to protect against significant market movements.
Optimization:
ForexEko has undergone extensive optimization using high-quality tick data from 2016 to the present. The tick data is provided by Thinkberry SRL, known for developing the industry-leading Tick Data Suite tool for optimization. This rigorous process has enabled us to select the most accurate settings, resulting in:
- Low DrawDown: Ensuring that the risk is minimized.
- High Profitability: Achieving around 100% yearly profit with a small deposit of $1000.
- Martingale: Since 2016 ForexEko reached once the 8th step of loss recovery, with the max lot size of 1.2 lots.
Why Choose ForexEko?
- Accurate Market Analysis: Combining multiple indicators and price action for precise market entries.
- Effective Risk Management: Always prioritizing safety with Stop Loss, Take Profit, and Global stop levels.
- Proven Optimization: Backed by high-quality tick data, ensuring reliability and performance.
- User-Friendly: Easy to set up and manage, making it suitable for both beginners and experienced traders.
Experience the power of ForexEko and transform your XAUUSD trading on the H1 timeframe with a strategy that is meticulously crafted and optimized for success.