Works best on the USDJPY only!!! on a M30 timeframe.
500 PIPS average a week on this one from other sites......forward tested....
Firebird calculates a 10 day SMA and then shifts it up and down based on a percentage to form a channel.
For the calculation of this SMA either close (more trades) or H+L (safer trades) is used.
When the price breaks a band a postion in the opposite of the current trend is taken. If the position goes against us we simply open an extra position to average (pipstep function).
To avoid enter a trade while a strong trend is in place a divergence function is used that is calculated as difference between a Faster SMA (by default set to 23) and a Slower SMA (by default set to 84).
Download All Versions of Firebird
Firebird63G.mq4
Firebird v63H02
FirebirdSafe
Firebird v63G Magic
Firebird v3.2
Firebird v065tf
Firebird v3.2 (5 digits)
Wednesday, December 9, 2009
Firebird MT4 Expert Advisor
Labels: MT4 Expert Advisor
Posted by CAR HERO at 1:09 AM
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