Tidal Trader EA

Tidal Trader is a fully automated Expert Advisor. Default settings are ready to use and fully optimized for EURUSD. Tidal Trader looks for low volatility overbought and oversold levels, and capitalizes on the predictability of market corrections. Take-profit and stop-loss levels are calculated completely independently of each other, using different indicators. Trades are only opened on a trade signal, if the take-profit and stop-loss levels would meet your minimum acceptable profit/loss ratio. The money management system calculates risk from your free margin, minimizing your risk of ruin, and maximizing the trading power of your capital.

One of the key features of Tidal Trader is the ability to block trading during expected periods of volatility. A few periods which have already been identified by Tidal Trader are the close of the Sydney session, close of the Tokyo session, midday during the London session, and the last half of the New York session. These periods are all blocked by default, but they can be altered to suit your taste. Tidal Trader works on any account balance, any pair (only EURUSD optimized at launch), any account type, any leverage level, and is not spread sensitive. Tidal Trader only functions on H1 charts.

Recommendations: Use default settings to trade EURUSD, on H1 chart. Change risk setting to suit your trading style, recommended risk is <40 for capital preservation and up to 80 for extreme growth. Use a starting balance of $200+. Use a low spread broker to maximize profits, and change max spread settings to a few points higher than your broker's usual spread (this is to protect you from spread fluctuations due to unforeseen market events). Use leverage of at least 1:100.

Watch the 'Comments' section for future optimization files, and live trading links! Please PM me any questions and I will try to respond ASAP! :-)

Description of Settings

STRATEGY SETTINGS

• Lot Size: If Auto Lot Size is turned off, this is the lotsize that will be used (if within broker's min and max lotsize, otherwise, broker's min or max is used).
• Auto Lot Size: If Yes, Tidal Trader automatically chooses lot size based on risk.
• Risk %: Choose any number from 1-100. 20 risk means each trade risks 2.0% of your free margin, 85 risk means each trade risks 8.5% of free margin.
• Max Spread: Tidal Trader will not trade if the current spread (pips) exceeds this number.
• Max Volatility: Tidal Trader will not trade if ATR volatility calculation exceeds this number. (Best to leave 18 or higher).
• Minimum Profit/Loss Ratio: If profit/loss does not meet or exceed this ratio, signal is discarded. (SL and TP are NOT defined by this value, only compared).
• Max Orders: The max number of orders that can be open at any given time.

INDICATOR SETTINGS (do not adjust unless for optimization)

• Bands Period: Bollinger Bands period used for signals.
• Trade Signal: Deviation required to open a new trade.
• TP Target: Deviation target for take-profit.
• SL Multiplier: Multiplier factor used to determine SL.

GENERAL SETTINGS

• Magic Number: Identifies EA trades.
• Order Comment: Comment attached to each trade.
• ECN Broker: Select 'Yes' if unsure. Select 'No' only if you are certain your broker is not ECN.
• Slippage: Max slippage. Trades will be cancelled if open price slips by this many points from time of trade signal.
• Screen Print: If 'Yes', EA details will be printed on the chart. (Recommended to turn on for forward testing and live trading, turn off for back testing)

TRADING SCHEDULE

• Weekend Trade?: If 'No', EA will not trade after 1500hrs on Friday, and will not trade for 15 minutes after market opens on Monday. This minimizes the chance but doesn't guarantee that trades won't be open over the weekend. Also avoids weekend volatility. If 'Yes', this is disabled.
• Use Schedule?: If 'Yes', EA will stop trading during periods defined below. If 'No', this is disabled.
• Standby Periods: Set start hour/minute and end hour/minute of periods to disable trading. Start times are assigned (:00 seconds) and end times are assigned (:59 seconds). Set hours/minutes to 0 for unused periods.

Click here to Download Tidal Trader EA