Harami Forex and Stock Expert Advisor Settings and Risk Controls
Summary
This description outlines an expert advisor that combines a Harami candlestick pattern with fast and slow moving averages. It is presented for major forex pairs and Nasdaq stocks on four-hour and daily charts, and includes settings for trade size, stop loss, take profit, trailing stops, break-even moves, and maximum trades. The description says the system acts using the open candle’s price; it provides configurable ranges but no entry rules in detail, backtest, or performance evidence.
Risk-related options include equity drawdown control and money-based trailing stops. The settings also allow increasing position size after losses, with a parameter to disable that behavior. The text recommends trying a demo and distinguishes controls for a single trade from those for multiple trades. Without precise signal logic, execution assumptions, or test results, the parameter list alone is not enough to assess expected returns or risk.
Key ideas
- The advisor combines a Harami pattern with fast and slow moving averages on four-hour and daily charts.
- It offers stop-loss, take-profit, trailing-stop, and break-even controls.
- Equity-risk settings and a maximum-trade limit provide additional risk controls.
- A loss-based lot-increase option can be disabled, and the description provides no performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.