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The mean regression range of major currency pairs and cross currency pairs is EA.
Live performance: USDCAD | USDCAD demo | GBPUSD.
Time range: M15.
Broker time zone setting. “Winter UTC offset, hours”-Winter offset. Winter / Summer change schedule-Server DST shift schedule. The default is UTC+2/+3 winter/summer, which is valid for most brokers.
You only need to set it up once, and you don’t have to re-check it twice a year. EA will handle everything correctly. Backtests from different brokers will match in winter and summer.
Risk setting. The transaction volume is set to enter “money Management” and “Fund Management value”, which is a fixed number of hands, a fixed risk per transaction, or a fixed trading volume per 1000 equity. Max simultaneous trades allowed is the largest deal allowed to open at the same time. EA holds a maximum of 2-3 transactions, and this parameter allows you to explicitly limit risk.
Start EA on M15 and set the time zone and trading volume input. The rest can be left at their default values. EA is ready to trade.
Spread control. If enable spread Control is on, EA will not trade if the current spread exceeds the maximum allowable spread value. The spread can be set in points or as a percentage of the current price (enter “spread units”). The default settings can be used for major currency pairs. EA will not skip trading in normal markets, and it will avoid large spreads in untested market conditions.
Stop and target. “Stop-loss value”, “Take-profit value”-initial stop and stop profit. Stops and stops can be set in points or as a percentage of the current price (enter “stop loss and stop profit units”). Although EA is optimized on the default settings, it is likely to find different tradable settings.
Make ends meet. If “Enable breakeven” is opened, then once the “Profit trigger, pips” profit reaches the stop loss, it will be dragged to the trading opening price level + “Profit to save, pips”. It is a callback EA, and the break-even is off by default.
Footprints. If “Enable trail” is turned on, check the distance between the current price and the stop loss when “Profit trigger, pips” arrives. If the distance is higher than “Trail distance, pips”, drag the stop to a new level. The “Trail step, pips” input sets the minimum difference between the current and new expected stops. Trail is turned off by default like break-even. Time option. The default transaction for EA is 24Universe 7. Users can further define the day of the week and which times of the day are tradable (“non-tradable time, space-separated list”, “Sunday trading”, …. , “Friday Trading”). Friday closing time allows you to set the time at which all trades are closed before the weekend.
Retrospective test: EA trades at the close of the candle and can be tested using the “opening price only” model, which is much faster than “each offer” and the results are basically the same.
Neither past testers nor live performances can guarantee future results. Risk settings should not be based on backtesting. Lower risk means higher possible return. EA may open multiple trades by default, so a fixed risk of 0.3-3 per cent per transaction is quite good for real-time transactions.
Go to the forum to download the foreign exchange ea: https://www.feixu.xyz/thread/1242