Perpetual EA is a robust Forex robot designed to trade false breakouts. It uses advanced Data Science techniques to identify price ranges and forecast potential volatility, enabling it to make informed trading decisions. This EA supports any accounts opened with different Forex brokers.
Table of contents
Trading strategy
Requirements and default settings
How Perpetual EA trades
Results
Base strategy (Default settings)
Optional strategy (More risky one)
User guide and Download
Trading strategy of Perpetual EA
The EA focuses on trading false breakouts at key price levels and opening positions when the price breaks past strong support or resistance lines. Trades are closed either by reaching the Take Profit level or using a combination of multiple closing signals. If a position remains open after the price range has ended, it can be closed at a new level, depending on market conditions (as shown in the pictures below).
The robot typically buys at support levels and sells at resistance levels. While the market is often indecisive, the EA will avoid trading against the primary trend if the robot can identify it.
Perpetual EA employs four distinct trading strategies and integrates additional rules to optimize profit in favorable market conditions and minimize losses during unfavorable ones.
Requirements and default settings
- Recommended symbol EURUSD
- Recommended timeframe M15
- Any type of account
- Recommended leverage 1 : 500
- Minimum deposit of 200 USD (with minimum leverage 1:500)
- Minimum leverage 1:38 (with a minimum deposit of 1000 USD)
You can easily install the Perpetual EA on your price chart and start trading immediately. In addition, a detailed guide below helps you to customize the robot’s settings if you want.
The robot was published with the Remove Comments utility.
How Perpetual EA trades
Using Data Science methods, the robot recognizes price ranges (purple), as well as strong support (red) and resistance (green) levels within these ranges. Thus, the EA opens and closes positions at these strong levels.
If the price range ends, the Expert Advisor can close the position focusing on the parameters of the new price range. On the picture below, the robot closed the Long at the newly emerged resistance level. Next, the EA opened a Short position when the price again approached this level.
Price ranges can exist for a long time, they can change significantly. Sometimes it is difficult to uniquely identify some strong levels within them. However, Perpetual EA finds opportunities for trading in very long ranges. The picture shows 3 profitable trades within 1 flat trend.
Here are more examples of trades made by the robot after it recognized strong price levels. Selling occurs on the resistance line, buying on the support line. Please note that the EA tries not to open positions against the direction of the trend.
The robot can also open and hold positions following the trend. In the next example, the EA first earned on Long inside a price range.
When the range ended, the robot recognized the beginning of a downtrend and opened a Short position at the first strong resistance level within the current trend.
Results of Perpetual EA
Base strategy (Default settings)
The robot shows good results on EURUSD. Here is the Base strategy (Default settings):
Close by Take Profit (1 bet). Additional closing signals: Acceleration of price movement or formation of a new price range. Betting strategy: Custom bet multiplier (1.7).
Optional strategy (More risky one)
Here is the Optional strategy with increased Take Profit (3 bets).
Thus, the Expert Advisor allows you to combine signals to close a position and Money Management rules.
If you wish to customize the robot’s settings, read detailed guide below.