Suggestion Yen Trader - expert for MetaTrader 4

[Govinda108]

Yen Trader trades JPY Crosses (XXXJPY) where XXX is one of the major currencies (except USD which will be used as a reference currency).

Based on the selected direction (R:Right or L:Left), the EA will detect Divergence or Convergence between a major pair and USDJPY, and trade the Yen Cross Pair based on that.

Divergence/Convergence is detected using:

• Close Price a number of bars back
• Moving Average
• RSI
• CCI
• RVI

Stop Loss, Take Profit, Profit Lock, Trailing Stop can be based on Pips or ATR multiples.

The EA can be used for scalping as well as swing trading.

 

[NeoBatavia]

Test it on 1 year, and it only open 34 trades.