Author: Arturo Lopez
Meet the mastermind behind this powerful EA—Arturo Lopez, the founder of Point Zero Trading Solutions.
When it comes to trading, trend-following systems come in many shapes and sizes, but the core principles generally stay the same. One of the most popular among traders is the reversal system, which operates in two straightforward modes: either you're going long or short. This means you're always active in the market, closing one position and instantly opening a new one in the opposite direction.
With this MT4 Expert Advisor, you can seamlessly switch between long and short positions. You enter a long position when the current price closes above the highest price from the last 100 days, and flip to a short position when it drops below the lowest price from the same period.
This system shines when applied across a diverse range of instruments, ensuring you can ride the bigger trends that can offset smaller losses. Whether you're trading forex, commodities, indices, interest rates, government bonds, or even sector stocks, this EA has got you covered. For some historical context, look no further than Bill Dunn, a legendary long-term reversal trend follower who capitalized on the Japanese Yen back in 1995 with a system just like this one, raking in impressive profits ever since.
Related Posts
- Creating an Expert Advisor for Dark Cloud Cover and Piercing Line Patterns with CCI Confirmation
- Harnessing MQL5 Wizard for Trading Signals: 3 Black Crows & 3 White Soldiers with MFI
- Creating a Stochastic-Based EA for Hammer and Hanging Man Patterns in MetaTrader 5
- Mastering Bullish and Bearish Harami Patterns with Stochastic in MT5
- Leveraging MQL5 Wizard: Crafting Trade Signals with Meeting Lines and Stochastic