Pit" Expert Advisor for GBP/JPY with low risk

The trend trading strategy "Pit" is a fairly simple system based on three standard indicators, which determine the end of a correction and the search for an entry point by trend. The simplicity of the "Pit" strategy makes it accessible even to novice traders.

Input parameters

• Currency pairs: recommended GBP/JPY и GBP/CHFOther currency pairs can be used
• Timeframe: H1
• 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

Indicators

• Exponential moving average with period EMA(96);
• MACD indicator(5; 14; 1);
• Simple moving average SMA(20) and shift 2, set in the basement on the MACD indicator.

Buying signals

• The SMA(20) is above zero and the scale of the MACD indicator itself for at least 1 candle;
• At the close of the next candle the MACD histogram crosses the SMA(20) from bottom to top;
• the closing price of the candle is above the EMA(96);
• at the opening of the next candle we open a buy trade.

Signals to sell

• The SMA(20) is below zero and the scale of the MACD indicator itself for at least 1 candle;
• At the close of the next candle the MACD scale crosses the SMA(20) from top to bottom;
• the closing price of the candle is below the EMA(96);
• at the opening of the next candle we open a sell trade.

Setting Stop Loss and Take Profit Orders

• the stop-loss order is exposed in the size of 35 points. After the price has passed 35 points, it is recommended to transfer the transaction to Breakeven.
• Take Profit order is set at a fixed size of 100 pips.

Additional conditions

• a new signal in the same direction is considered if the MACD indicator scale crossed the zero mark and returned to the right position again;
• When a trade is already open, a new signal is considered if the previous trade is at breakeven.

Trading advisor by strategy "Pit"

Trend strategy "Pit" caused forum traders forexsystemsru.com The robot has received a lot of interest, so user MrGreen86, who has already proven himself by writing advisor AKA EA on the strategy with pending orders.

The basis of the EA "Pit EA" is the strategy of the same name, with the possibility of using it on other currency pairs, having a pronounced trend character.

Testing

The best results were achieved on GBPCHF and GBPJPY.

It should be noted that during the testing Pit EA showed the maximum drawdown not exceeding 17% on GBPJPY currency pair, which allows to conclude that the author has created a trading robot with a very low risk level.

It should be added that the ratio of profitable trades to unprofitable ones on both pairs exceeds 75%, which is a very good result, which not every paid trading advisor can show.

At the moment, the next version of the EA "Pit EA" has been developed, in which the spread limitation has been implemented. Work on optimizing the EA continues. We invite everyone to join its testing and optimization. It is quite possible that with your help, we will be able to achieve good results of trading with this Expert Advisor on other currency pairs.

• Download Pit trading strategy template
• Download EA trading advisor Yamka
• Download the author's customization set
• Join in the discussion of Yamka EA

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