How to Apply Expert Adviser for Effective Forex Earning
The Forex Fraus Slogger Expert Advisor is a reversal-based script that identifies reversal trades using the Envelopes Bands indicator. It also manages trailing stops of trades opened by the Expert Advisor, and can also manage trades opened by other Expert Advisors, or manually by the user.
This Expert Advisor employs the Average True Range (ATR) indicator along with bullish and bearish Doji patterns to place BUY-STOP (bullish breakout) and SELL-STOP (bearish breakout) orders.
The concept behind the Move_Cross Expert Advisor is using RAVI indicator (Rapid Adaptive Variance Indicator), in conjunction with break of the High and Low of the recent bars. It uses multiple time-frames, namely Daily, Hourly and 1-Minute.
The XTrail2 EA scans trade conditions based on two Moving Averages, typically a fast Moving Average and a slow Moving Average. It only provides ALERT message to the user, it DOES NOT open or close trades.