This FREE NASDAQ EA is a unique and bespoke algorithm developed for the NASDAQ 100 index, tailored specifically for the H1 (hourly) timeframe. This indices trading robot has been rigorously backtested and optimized for the NASDAQ, ensuring it adheres to the specific market dynamics of this index.
The Free NASDAQ robot is equipped with adjustable parameters to cater to different trading conditions and user preferences. Below are the key input specifications:
- Entry Volume (Lot Size):
- Default entry lot size is 10.00.
- This parameter can be adjusted to suit the trader’s risk tolerance and account size.
- Stop Loss and Take Profit Levels:
- Stop Loss: Fixed at 6000 pips.
- Take Profit: Fixed at 9000 pips.
- These values ensure a predefined risk-reward ratio, which can be fine-tuned depending on market conditions.
- Indicators Used:
- Moving Averages Crossover:
- Fast Moving Average: 4 periods.
- Slow Moving Average: 8 periods.
- This crossover strategy identifies momentum changes and potential trend reversals.
- Awesome Oscillator:
- Single parameter set to 0.0000 to filter trades based on market momentum.
- Moving Averages Crossover:
- Session Timing:
- Monday to Friday: Trades are executed only between 10:00 and 14:00 (server time).
- No trading occurs outside these predefined sessions, reducing exposure to volatile periods.
- Additional Settings:
- Retry Mechanism: In case of execution issues, the NASDAQ EA retries up to 4 times with a 100-millisecond wait between attempts.
Free Expert Advisors Startup Guide – download it and learn how to start trading with Robots.
Disclaimer: This NASDAQ EA is for educational purposes and is free to download. Get the Free NASDAQ Expert Advisor and test it on a Demo account. Traders should regularly monitor the performance to ensure it aligns with expectations.
