BrainTrend is an Expert Advisor trading EURUSD parity with a time frame at 1 hour (H1) and at 15 minutes (M15).

Tests made give good results with all brokers using micro account with a leverage of 1: 500 and normal spreads ( max 20 points).

The minimum deposit for this EA is USD 1.000,00 or equivalent.

This EA opens positions when large price movements occur. To detect bars with these characteristics, EA uses two different techniques:

• standard deviation of the price with a multiplier
• a fixed value in points

For EURUSD parity, tests have been made with a standard deviation at 14 periods and with a multiplier equal to 2.4 and, alternatively, with a fixed value equal to 360 points. With default values for the other settings, we get the best results with the fixed value of 360 points.

As per the entry logic, in addition to what we said above, EA may open a maximum number of lots for each trades opened at the same time. The amount of lots for each trade is related to the account balance, the number of trades we may open and the percentage of Margin. So, if we want to modify the amount of lots for each trade, we can modify the value of MaxOpenOrders and vice versa.

Default values of settings give 70% as MarginPercent and 8 MaxOpenOrders. To assure a safe trading, do not set a Margin Percent lower than default value .

After having opened the trade, EA sets the TakeProfit only. The Stop Loss is set by the Trailing Stop in a particular way that gets trade safe in order to prevent that your account may be wiped out.

The exit logic is managed by two integrated Trailing Stops that, besides setting the Stop Loss, leave open the opportunity to get partially or the entire value of TakeProfit.

It is important to know that EA, before enabling the two Trailing Stops, checks if values of GT_TrailingStopSize, GT_MaxStop, TrailingStopSize and TrailingStopProfit are above STOP LEVEL value of the broker at which account you are working.

If STOP LEVEL is higher than values of the parameters above stated, EA gives an alert and stops it. So it is fundamental that both Trailing Stops be enabled to assure safe exit from trades.

It is also important to work with brokers that offer STOP LEVEL lower than the deafult values of said parameters. The best forex with MT4 platform, offer STOP LEVEL lower than default values.

Tests carried out on different brokers show that the absolute drawdown is always under a value of 100 and the profit factor is around 2. The ratio between the average value of trades in loss and the average value of trades in gain is equal to 0.35/0.45.

The performance reports show the results of tests with normal level of spread (2.0 pips or 20 points), with auto lot size and fixed lot size. Considering that a good/decent broker may offer spread on EURUSD around 2.0 pips, it is easy to realize the great opportunity of profit that EA offers. Above that, we have to consider that this EA is not a scalper working on ticks.

To get more details on performance go to http://www.forexrobotrade.com/?p=334

For more details on settings, please use this link http://www.forexrobotrade.com/?p=295