EasternMoon is a Forex trading Strategy developed and trained for two currency pairs: EUR/JPY and GBP/JPY. It is programmed as an Expert Advisor (EA) for the MetaTrader 4 platform.
EasternMoon trades on 5-minute charts (M5). if you wish to place it to other time frame, the results will not be profitable.
The main algorithm behind the EA is a real-time re-calculation of the price range and finding the right place to enter the market, when the expectancy of a possible short-term trade is high (over 75%). The EA uses Stop and Profit levels and the trader can change the default values to those he or she likes more.
Additionly, the EA can trade either fixed size lots or calculate lot size dynamically, basing on the traders input. The details are explained at the Documentation page.
EasternMoon is not a scalping strategy. It does not trade every 30 minutes or so, and is not using trailing stops of any kind. Instead, it looks for the best places to enter a trade and uses safe distance Stop Loss to avoid the fluctuation.
This week (07/27/2009 to 08/03/2009) you can purchase EasternMoon EA for the introduction price of $199.00. The regular price is $249.00 ($1249.00 for the source cod included) . See Purchase page for the details.
Risk Disclaimer
The risk disclaimer is meant to inform the user of the potential financial risks of engaging in foreign exchange trading.
The transaction of such financial instruments known as Forex, fx, or currency, and dealt on a valued basis known as 'spot' or 'forward', 'day trading' and 'option', can contain a substantial degree of risk. Before deciding to undertake such transactions with any firm offering similar services, a user should carefully evaluate whether his/her financial situation is appropriate for such transactions.
Trading foreign exchange may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital. The definition of risk capital is funds that are not necessary to the survival or well being of the user. I strongly recommend that a user, who is considering trading foreign exchange products, read through as much as possible topics and articles available on the Internet websites so that he/she may obtain a clear and accurate understanding of the risks inherent to fx trading.
The 3rd party opinions and analysis on potential expected market movements contained within the Data-API.com website are not to be considered necessarily precise or timely, and due to the public nature of the Internet, the author cannot at any time guarantee the accuracy of such information. Information provided on this website is intended solely for informational purposes and is obtained from sources believed to be reliable and accurate. Information is in no way guaranteed.
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