Free Trading EA—3 Free EAs from the Top 10 App

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The three free trading EAs are designed to operate on the M15 (15-minute) timeframe, focusing on different currency pairs: XAUUSD, EURJPY, and EURUSD. Each free trading strategy employs unique trading strategies tailored to capitalize on short-term fluctuations in these specific markets.
XAUUSD Free Trading EA—a trend-following strategy with relatively wide stop loss and take profit levels, which is common for gold trading given its volatility. Key parameters and settings of this free trading strategy:
  1. Trade Settings:
  • Entry lot size: 0.10
  • Stop Loss: 3,734 pips
  • Take Profit: 4,734 pips
  • Trailing Stop: Enabled
  1. Indicators Used:
a) Candle Color Analysis
  • Looks for consecutive candles with minimum body height of 45 pips
  • Requires 5 consecutive candles in the same direction
b) Williams’ Percent Range (WPR)
  • Period: 26
  • Level: -20.0
  • Used for entry signals
c) Average True Range (ATR)
  • Period: 16
  • Level: 17.9
  • Used for exit signals
EURJPY Free Trading EA—Key Strategy Details: Trading Parameters:
  • Entry Position Size: 0.10 lots
  • Stop Loss: 157 pips
  • Take Profit: 166 pips
  • Trailing Stop: Enabled
Indicators Used:
  1. Directional Indicators (ADX)
    • Period: 25
    • Used for entry signals
    • Compares current and previous values to determine trend direction
  2. Bulls Power
    • Period: 9
    • Used with a level of 0.0000
    • Used for entry signal confirmation
  3. Candle Color
    • Parameters: 22 pips minimum body height, 4 consecutive candles
    • Used for exit signals
EURUSD Free Trading EA – a trend-following strategy that waits for momentum confirmation before entering trades, with volatility filters (ATR) to potentially avoid excessive market noise. For exit, the strategy aims to capture trend reversals for closing positions. Trading Parameters:
  • Entry Position Size: 0.10 lots
  • Stop Loss: 151 pips
  • Take Profit: 190 pips
This free trading strategy uses 5 technical indicators for entry and exit conditions:
  1. Entry Conditions (all must be met):
  • Commodity Channel Index (CCI)
    • Period: 44
    • Level: 100
    • Used for trend direction
  • Bulls Power
    • Period: 40
    • Level: 0
    • Measures bullish momentum
  • Stochastic Oscillator
    • %K Period: 8
    • %D Period: 4
    • Slowing: 4
    • Level: 50
    • Used for momentum/overbought/oversold conditions
  • Average True Range (ATR)
    • Period: 47
    • Level: 0.0033
    • Measures volatility
  1. Exit Condition:
  • Envelopes
    • Period: 11
    • Deviation: 0.32%
    • Used for determining exit points
For installation instructions, you can download our Free Expert Advisors Startup Guide before trading with the robot.Disclaimer: These Free Trading EAs are for educational purposes and are free to download. Get the free trading strategies and test them on a Demo account. Traders should regularly monitor the performance to ensure it aligns with expectations.BlackBull Markets
Assets

EURJPY, EURUSD, XAUUSD

Timeframes

M15

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Free Trading EA—3 Free EAs from the Top 10 App
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