The Cloud Rebound is an Expert Advisor free for Metatrader 4, which uses a relatively complex Japanese technical indicator called Ichimoku Kinko Hyo , which has gained popularity in recent years.
Logic that is based this EA is as follows: When a strong upward or downward movement through a cloud (Ichimoku kinko Hyo), the system opens a reverse position, ie an upward position when the movement is downward or downward position if the movement is bullish.
According to the author, because of its characteristics the Canadian dollar (CAD) and US dollar (USD) conform to the logic of the Expert Advisor, so the system was developed and optimized primarily for the USD / CAD.
General features expert advisor Cloud Rebound
- Recommended currency pair: The currency pair recommended for this system is the USD / CAD.
- Time Frame: Recommended for use primarily in the M5 time frame.
- Trading time: This EA can be used 24 hours a day.
- Trading platform: The indicator was developed exclusively for Metatrader 4.
- Recommended Broker: Can be used in any broker that offers the Metatrader 4 platform, has ECN trading accounts and to accept the use of Expert Advisors, as Alpari (ECN accounts) for example.
Resultados del backtesting para este Expert Advisor
The following figure shows the equity curve for 10 years backtesting performed for the Cloud Rebound in USD / CAD and the M5 time frame.
Backtesting del EA
The trading system is based on that this AD is characterized by a stop loss small and a small loss in its operations. In other words it does not keep open losing positions too long and not allowed to accumulate losses. Also, many open positions and the drawdown is small. Therefore, it appears to be a good EA.
Expert Advisor parameters
The parameters that can be set in this EA are:
- Currency, chart: USD/CAD, gráfico de 5 minutos.
- Lots : The number of lots that are going to buy or sell in each operation (risk management and money management).
- Buy_Trade: On / Off for purchase orders. Select True to start trading.
- Sell_Trade: On / Off for sales orders. Select True to start trading.
- Buy_LosePoint: Price cutting losses established by the trader in a purchase and operation.
- Buy_StopPoint: Price of profit taking that establishes the trader in a purchase and operation.
- Sell_LosePoint: Price cutting losses established by the trader in a sales order and operation.
- Sell_StopPoint: Price making the trader benefits established a sales order and operation.
- Buy_tenkan: term or term purchase order, Ichimoku Kinko Hyo, line deflector.
- Buy_kijun: term or term purchase order, Ichimoku Kinko Hyo, baseline.
- Buy_senkou: term or term purchase order, Ichimoku Kinko Hyo, advance; lapse precedence.
- Sell_tenkan: term or term sales order, Ichimoku Kinko Hyo, line deflector.
- Sell_kijun: term or term sales order, Ichimoku Kinko Hyo, baseline.
- Sell_senkou: term or term sales order, Ichimoku Kinko Hyo, advance; lapse precedence.
Descarga e Instalacion del Cloud Rebound
You can download files Expert Advisor through the following link:
-Expert Advisor Cloud Rebound
The Expert Advisor consists of the following files:
- Free_USDCAD_Cloud.ex4 (Expert Advisor)
The file Free_USDCAD_Cloud.ex4 should be placed in the folder / MQL4 / Experts installation of Metatrader 4 on the computer. This EA does not contain libraries and presets, so no need to install more files. To activate the EA must restart the platform.