Advisor AKA EA

The AKA trading strategy is a trend system that generates signals to enter the market by trend after a slight price correction. The trend is determined by the daily timeframe, and the market entry is made on the hourly timeframe.

The strategy is built on the use of pending orders, which allows you to reduce trading risks, so it is very well suited for traders who do not want to take risks.

Input parameters

  • Currency pairs: AUD/CAD
  • Timeframe: Daily (to determine the trend), H1 (to enter the market)
  • Bidding time: any
  • Risk management: after calculating the stop-loss, choose such a volume of lot, that the risk was not more than 2-5% of the deposit per trade

Used indicators

The AKA strategy uses only one indicator, the SMA(48), set on the Daily chart.

Signals indicating the opening of a buy

  • On the Daily chart, the price is above the moving average;
  • We find a bearish candle, whose lower tail is longer than the upper one. The minimum of this candle should be above the moving average. It is desirable that the bearish candlestick was more than 50 pips in size and was after a series of bullish candlesticks.
Determining the trend direction and finding the right candle in the daily TF
Determining the trend direction and finding the right candle in the daily TF
  • switch to the H1 timeframe;
  • at the level of Close of the hour candle set a pending order BuyLimit.
Setting a pending buy order
Setting a pending buy order

Signals indicating the opening of a sale

  • On the Daily chart, the price is below the moving average;
  • We find a bullish candlestick, whose upper tail is longer than the lower one. The maximum of this candle should be above the moving average. It is desirable that the bearish candlestick was more than 50 pips in size and was located after a series of bearish candlesticks.
Determining the trend direction and finding the right candle in the daily TF
Determining the trend direction and finding the right candle in the daily TF
  • Let's move to the H1 timeframe;
  • At the level of Close of an hour candle we set a pending Sell order
Setting a pending sell order
Setting a pending sell order

Additional conditions of the AKA strategy

  • If the pending order did not trigger during the next day, it should be deleted.

Setting Stop Loss and Take Profit Orders

  • the stop-loss order is exposed in size of 27 points. After the price has passed 50 pips, or when the day is closed with results of more than 35 pips, it is recommended to transfer the transaction to Breakeven.
  • Take Profit order is set at a fixed size of 100 pips.

Trade advisor by strategy AKA EA

The AKA trading strategy has become for traders forum forexsystemsru.com another reason to create a profitable trading advisor. This time the author of the Expert Advisor is MrGreen86.

The trading advisor AKA EA is based on the strategy of the same name, taking into account the comments of traders who tested it, as well as adding certain requirements that are necessary for the advisor:

  • display the main parameters of the order in the settings;
  • the output of the MA period in the settings;
  • optimization for trading on other currency pairs

Testing of AKA EA trading advisor

Back-tests of AKA EA using the author's set of settings showed the following results:

Testing with the original set on the AUD/CAD currency pair, spread 25
Testing with the original set on the AUD/CAD currency pair, spread 25
Testing on the AUD/CAD currency pair after optimization, spread 25
Testing on the AUD/CAD currency pair after optimization, spread 25
Testing on the EUR/GBP currency pair after optimization
Testing on the EUR/GBP currency pair after optimization

The results of the history test showed that a big influence on the test results is value spreadbecause the triggering of pending orders depends on it.

It is worth noting that, judging by the drawdown, the maximum value of which reached 17.14% on the EUR/USD pair, AKA EA has implemented one of its key advantages - low trading risks.

At the moment, continues to test the trading advisor AKA EA online, as well as work on its improvement. We invite everyone to test and improve the EA AKA EA.

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