CryptoEA
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Hello traders,Last night is published the new version 1.6 of "CryptoEA". The new update doesn't change a lot inside this robot, only a couple of things. ATR is removed, for trailing, breakeven, and for the stop loss and take profit inputs. Secondly, an info message is added. So now you can choose did you want to see the info message regarding trailing and so on inside the terminal log or not. It's not a big thing, but I thought it was useful. Next, now you can choose did you want only buy, only sell, or both. So I don't know. I think this is useful too. Maybe someone wants only to open short orders, I don't know, or vice versa. These options can be used for trend trading. So if we have a bullish trend or long-term bullish trend then we can use this option and choose or is better to say give instructions to the robot to open only buy market orders, and so on.
Basically, this robot is a cryptocurrency trader, but can be used for trading on other trading instruments as well, such as forex pairs, and so on. But in that case, the crypto money management system must be OFF. If you asking why. Well because the calculations of lot sizing can't be correct if you use this robot for trading on any major forex pairs for example. It works, but not in the correct way. That's why MM must be OFF and used FIXED LOT sizing instead.
The recommended crypto pair is BTCUSD, and the recommended timeframe is any above M30. I think below H4 doesn't make sense to trade any crypto pairs. That is my opinion, maybe I'm wrong, but that's how I think. Now let us take a look at how this expert advisor for crypto trading trade on BTCUSD. Take a look at the screenshot below.
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direct link:
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Settings for trading on BTCUSD can be found in the comments sections on the web page of the robot.
Now, let's check how this EA trades on the EURUSD in the H1 timeframe. This is not the best setting, for this pair, because I just use one cycle of forwarding opt to check what's going on.
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This result can be much, much better, but that's not a point, because the main purpose of this robot is to trade on crypto pairs. So, guys, I don't know, maybe you earn money if you use this EA or may not. Evrething depends on good faith and luck.