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Binario EA: Alternating Long and Short Positions Using High and Low EMAs

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Summary

Binario is an Expert Advisor that calculates exponential moving averages of the same period using high and low prices. The description says these averages adjust the system’s settings, but do not generate buy or sell signals. Instead, the EA alternates long and short positions, opening a position in the opposite direction after the previous one closes. It monitors orders and uses stop loss and take profit levels to exit positions.

The source recommends temporary protective levels and reports average gains of about 1,750 pips versus average losses of 250 pips, with roughly four trades per year on the daily GBP/USD chart under its preferred setup. These are claims in the description, not independently verified results; no test period or evaluation method is provided. For ECN brokers, a setting enables compatibility by allowing the position to open before stop loss and take profit are attached, addressing a stated order-placement limitation.

Key ideas

  • The EA uses same-period exponential moving averages calculated from high and low prices.
  • It alternates long and short positions instead of treating the averages as entry signals.
  • Order monitoring and stop loss and take profit levels are used to close positions.
  • The description reports infrequent GBP/USD daily-chart trading and a stated imbalance between average winning and losing trades.
  • ECN compatibility requires opening a position before adding protective levels.

Tags

ForexTechnical indicatorsRisk managementExecution

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.