Description
Business & Finance :: Business Finance.
Trader’s Moon is an Expert Advisor that uses the Martingale principle, but with a number of significant improvements and benefits. The trading algorithm of the EA was written in MetaQuotes Language 4 by a team of experienced programmers. Trader’s Moon is optimized using the “Tick Data Suite for Meta Trader 4” software package with a floating spread and simulation of slippage. Quotes were provided by a Swiss broker Dukascopy for testing with a quality of 99%.
The EA opens positions based on searching for a signal using a series of indicators (Bollinger Band, Commodity Channel Index, etc.), as well as candlestick patterns.
Trader’s Moon uses filters of the number of open transactions, maximum drawdown, control of currency pairs and news background. That allows to block the entrance to the Market at the right time and reduce an overall level of drawdown on the account.
The EA trades every day, but the main signal for opening orders comes only at night during the Asian session, which in turn guarantees an entry only at the best prices.
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