A robot designed for trading on a real account. The EA trades inside a channel calculated by C. Keltnter's method in L.Raschke's modification. Positions are only opened in the trend direction near the boundary line of the channel. Take Profit is set at the opposite side of the channel. Deals are always by stop losses.

Strategy Features

The trading robot calculates a channel by applying Chester Keltner's method modified by Linda Raschke. The EA enters the market and take profit nera the borders of the calculated channel. Positions are only opened in the trend direction, and the EA tries to close most of them with profit. Losing positions are averaged using additional deals, which are calculated so that their aggregate sum could also be closed with profit. As the deposit grows, the money management is applied to increase the volume of trades to match returns and risk with available funds. Robot testing and use are demonstrated in the video.

Results

During testing at the interval from November 2016 to November 2017, using EURUSD data on a daily timeframe and the initial deposit of 1000$, the EA with default settings managed to reach the profit value of 1141.32$ and a Profit Factor of 2.11 with an average spread of 10.

Recommendations on usage

No indicators are required for the EA operation. All necessary algorithms are contained in a single EA file. To control the EA operation, you can additionally use indicator Keltner Raschke indicator, which displays the Keltner-Raschke channel. It can be attached to the same chart as the robot.

By changing the switching the Open counter positions parameter, you can enable or disable setting opposite positions when opposite position entry criteria are met. Allowing opposite positions increases the total amount of trading cycles by using locks.

The robot is easily optimizable for other currency pairs and timeframes. Parameters recommended for optimization are marked by (*).

I will provide the product buyers with the optimization specifics in a personal message.

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