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Forex Expert Advisors of the Month (UK)
Below you will see brief details about the Forex Expert Advisor UK (EA) we are testing this month. To access full performance results, you will have to set up a live account with Vantage FX UK. Your account manager will assist you in getting your login details for the EA Lab.
In the month of March, we tested 2 EAs - Force Mic EA and ST Dev Traditional EA. Brief summaries below, detailed summaries require a login to view.
| Name | Trading Strategy | Settings |
|---|---|---|
| Force MIC EA |
The Force Mic EA focuses on using the Force Index to identify gaps in pricing windows. |
Take Profit: 300 pips, Stop Loss: No |
| ST Dev Traditional EA |
The St Dev Traditional EA is based on the Standard Deviation bands on a 20 period basis. |
Take Profit: 300 pips, Stop Loss: No |
Force MIC EA
Summary
The Force Mic EA focuses on using the Force Index to identify gaps in pricing windows. Over a 13 bar period, the FI will open a new position if the Simple Line is lower than zero. This is inversed for a short position. Confirmation for the position is the Price Oscillator. This indicator was required to rise for a new entry position. Care should always be taken.
Stop Loss: No Take Profit: 300
ST Dev Traditional EA
Summary
The St Dev Traditional EA is based on the Standard Deviation bands on a 20 period basis. As the system runs on a EURUSD 5 min chart, the 20 period is over a 2 hour period. For confirmation purposes the Detrended Oscillator was used to determine whether or not to enter the position. The drawdown on the system was quite significant with no stop loss and a loose take profit. Care should always be taken.
Stop Loss: No Take Profit: 300
