- Forex Legend Expert Advisor 2 extraordinary strategies combine to form one easy to use professional trading system
- Strategies designed specifically for long term sustainability
- Targets a larger number of pips avoiding broker manipulation ( Pip expectancy over 20 pips! )
- Entry and exit logic operates on Bar Close only. This filters market noise, dramatically speeds up optimizations, avoids stop loss hunting, and ensures proper operation at any broker with a reasonable spread
- No short term risky strategies ( scalping, martingale, grid )
- Sophisticated exits working together include broker decoy and safety stops, virtual (stealth), trailing, breakeven, partial closings at multiple exit targets
- Multiple safety features to keep your account safe from power outages, internet outage or disconnect, broker context busy, platform freeze, and much more
Strategy One - Enable Strategy 1 – Set true to enable
- Use Money Management – Select true to use automated lot sizing
- MM Risk Setting 1 – Risk Setting for Money management
- Lot Size – Fixed Lot size
- Max Open Positions – Max Positions for strategy 1
- Fast Period – Period of bars for fast measurement
- Slow Period – Period of bars for slow measurement
- Volatility Factor – Factor for volatility calculation
- MA 1 Period – Moving average 1.
- MA 2 Period – Moving average 2.
- MA 3 Period – Moving average 3.
- Target Profit – Virtual (Hidden) Target Profit pips
- Stop Loss – Virtual (Hidden) Stop Loss pips
- Trailing Stop – Virtual (Hidden) Trailing Stop pips
- Break Even Activation Pips – Price must be this far into profit for breakeven activation
- Pips to Lock In – Pips to lock in
- Broker Target Profit S1 – Set to a number slightly larger than Virtual Target Profit. Sending hard exits to the broker serves a dual purpose as both a decoy and safety mechanism
- Broker Stop Loss S1 – Set to a number slightly larger than Virtual Stop Loss.
- Use Partial Close – Set to true to close positions at multiple exit targets
- Position Percentage to Close – Percentage to close at each target
- Min Profit Pips – Minimum amount of pip before first exit
- Pips Between Closings – Number of pips into profit between closings
- Max Gap Allowed – If Price Gap exceeds this number of pips trading will be paused
- Hours to Pause After Gap – Trading will be paused this many hours after price gap
- Magic Number S1 – Use a unique number for each strategy on every instance of Legend
Strategy Two - Enable Strategy 2 – Select true to enable strategy two
- Use Money Management – Select true to use automated lot sizing
- MM Risk Setting 2 – Risk Setting for Money management
- Lot Size – Fixed Lot size
- Sample Period – Number of bars for support/resistance algorithm
- Look Back Period – Number of bars scanned
- Order Offset (Pips) – Entry orders offset
- Target Profit – Virtual (Hidden) Target Profit pips
- Stop Loss – Virtual (Hidden) Stop Loss pips
- Trailing Stop – Virtual (Hidden) Trailing Stop pips
- Break Even Activation Pips – Price must be this far into profit for breakeven activation
- Pips to Lock In – Pips to lock in with breakeven activation
- Broker Target Profit S2 – Set to a number slightly larger than Virtual Target Profit. Sending hard exits to the broker serves a dual purpose as both s a decoy and safety mechanism.
- Broker Stop Loss S2 – Set to a number slightly larger than Virtual Stop Loss.
- Use Partial Close – Set to true to close positions at multiple exit targets
- Position Percentage to Close – Percentage of the original position to close at each target
- Min Profit Pips – Minimum amount of pip before first exit
- Pips Between Closings – Number of pips into profit between closings
- Magic Number S2 – Use a unique number for each strategy on every instance of Legend
Universal Variables - Use Trading Hours – Set true to use trading hours
- Hour to Start Trading – Hour to start (GMT time)
- Hour To Stop Trading – Hour to stop (GMT time)
- Friday Exit Hour – Hour to stop trading on Friday and exit trades. (broker time)
- Sunday
- Monday
- Tuesday
- Wednesday
- Thursday
- Friday
- Trade NFP Friday
- Trade Thursday Before NFP
- Trade Christmas Break
- Day To Begin X-mas Break
- Trade New Years Holiday
- Day To Return after Break
- Transparent Display – Set true for transparent display
- Trade Comment – Comment to be sent with trades
- Order Expiration Minutes – Pending Order Expiration Minutes 0 = Never expires
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