Firebird EA

January 22, 2009 by hyiperz 

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calculates a 10 day SMA and then shifts it up and down based on a percentage to form a channel.
For the calculation of this SMA either close (more trades) or H+L (safer trades) is used.
When the price breaks a band a postion in the opposite of the current trend is taken. If the position goes against us we simply open an extra position to average (pipstep function).
To avoid enter a trade while a strong trend is in place a divergence function is used that is calculated as difference between a Faster SMA (by default set to 23) and a Slower SMA (by default set to 84).

* v0.63g :
- Our loved This version it seems to be a pips machine , implement pipstep to average position and divergence to avoid strong trend.

Creator of this forex : Skyline

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