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FOREX Long Term & Scalping JForex Expert Expert Advisor "FloatingTarget" Technical Characteristic:
Currency: GBPUSD, GBPJPY, AUDJPY, USDJPY
Timeframe: M15
Using Indicators: Fractal Channels
Trading Time: 24 hours
Risk: Medium
Minimum Deposit: $2000 ($200 for micro forex)
Recommended Deposit: $4000 ($400 for micro forex)
Concept: Forex Scalping combined with long term strategy Expert Advisor based on fractals
Money Management: Stop Loss and Take Profit, Build-In Money Management
Customization: possible upon the request
How does the JForex "FloatingTarget" Forex Scalping Expert Advisor work?
The expert advisor determines market tendency by UP/Down Fractal breakdown. The expert advisor opens two kinds of orders (long term order and short term (scalping) order ) in direction of market tendency. This method allows to work with out time limitation, 24 hours. You do not need to change time settings depending on brokerage company. Also EA does not depend on spreads, quotes and executions and should work with any brokerage company.
Expert advisor "FloatingTarget" Trading example:
Point 1 – Up Fractal was formed
Point 2- Up Fractal was broken. Expert advisor should open long term long (buy) position
Points 3, 4, 5 Rebound points from the fractal channel's border. Expert advisor should open 3 short term long (buy) positions.