Dynamic-7

Dynamic-7

Expert Adviser “Dynamic-7” is from among Ilan 7 EAs, where oscillators RSI and CCI remained unchanged. RSI signals are used to open new positions and CCI to close existing ones. Take Profit order will be automatically placed for each position. In case of account drawdown, total position will be averaged by doubling it up, and Take Profit for the desired total profit will be adjusted simultaneously. nPosition averaging is performed accordingly to Martingale strategy, which means that every next order has higher amount than the previous one. There is a special coefficient in the EA’s settings that you can change, however, the smaller the value of such coefficient, the less risk you take.nTrade will be opened only if RSI’s line breaks out from any of zones. Exit from an oversold zone is a signal to buy and vise-versa. nAll trades will be opened by market and limit orders only. EA will establish currency position using limit orders, however, position sizing up will be done by markets orders only.nClosing of all orders is strictly based on CCI oscillator, which has levels in both, negative and positive zones, but the indicator’s line itself is plotted in either direction, depending on the market situation.nFor example, if we have a series of buy orders and CCI’s line goes below the negative level, all position will be closed at the current market price. The same strategy is applied for the opposite situations. n