The Fader Strategy Forex Expert Advisor ~ forex trading success tips
Fader Strategy Expert Advisor Here is a Expert Advisor (EA) based on the Fader Strategy adopted from Kathy Liens book, "Day Trading the Currency Market."
Yes, again, due to copyright issues, I will not explicitly list out the rules for this strategy. You can purchase your own copy of her book to read in depth more about this strategy. And yes again, this strategy works.
The strategy is based on trading fade outs, in other words, false breakouts. We check for a weak trending environment based on a low ADX number, and check for a false breakout which is prices go lower than the previous day, and reversing to a high, higher than the previous day. If this occurs, get into a buy order. A sell order works conversely.
Heres an example. Click to expand.
Here are the results.
Pair: GBP/USD
Lot size: 1
Chart: Hourly
Initial Balance: 10,000 USD
2010, 9% yield
2009, 27% yield
2005, 6% yield
2004, -3% yield
Additional currency pairs which would work well for this strategy would be EUR/USD. Make sure you use this strategy when there no schedule news releases that can cause huge price movements. We want fake breakouts here. This strategy works best with pairs that are less volatile and have smaller trading ranges.
Get the Fader Expert Advisor here.
You can optimize the source code in anyway you want!
Full money back guarantee within seven days if you are not satisfied.
Disclaimer: Do know that forex trading involves extremely high risks. While there are profits, there are times of losses too. I do not guarantee success using this EA and absolutely will not bear any responsibility for any losses that you make. You should be doing lots of back and forward testing on your own before trading with real money!
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