FOX SCALPER – FOREX EXPERT ADVISOR BASED ON MOVING AVERAGE INDICATORS
System: Metatrader 4
Needed indicators: in zip archive
Currency pair: any (recommend GBPUSD)
Limits by accounts: No
Broker account: any
Expert: Signal2forex.com_Fox_scalper_anypair.ex4 (Unlocked)
3 Indicators .ex4
Document: Forex robots installation tutorial.
Using indicators: SMA indicator; EMA indicator; WMA indicator; TEMA indicator.
SMA indicator – is an arithmetic moving average calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods.
EMA indicator – an exponential moving average (EMA) is a type of moving average that is similar to a simple moving average, except that more weight is given to the latest data. It’s also known as the exponentially weighted moving average. This type of moving average reacts faster to recent price changes than a simple moving average.
WMA indicator – places more emphasis on recent prices than on older prices. Each period’s data is multiplied by a weight, with the weighting determined by the number of periods selected.
TEMA indicator – a technical indicator used for smoothing price and other data. It is a composite of a single exponential moving average, a double exponential moving average and a triple exponential moving average.
Fox scalper working based on moving average and has a built-in risk management strategy.
Profit chart from strategy tester:
On-line chart from our account at Myfxbook.com. Click on image
What do you need for trading with advisor:
- Open broker account or use existing. We recommend you Pepperstone broker
- PC, Laptop or VPS for trading software (Metatrader 4) from your broker (PC must be online 24/5).
To ensure the 24-hour operation of the Metatrader 4 we recommend this Forex VPS Provider:
- Initial deposit on broker account for trading.
- Pack of expert advisors from our shop must be installed in the Metatrader according to video tutorial or FAQ.
Financial independence, profit stability with our special trading advisors at Forex market.
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