Legend EA - combination of two extraordinary strategies Bot Trading

Legend EA trades pending orders in the channel using secure strategies without scalping, martingale and grid. The EA opens positions only at the close of the bar, which protects orders from market noise and the hunt for Stop Loss. Has complex exits using Trailing Stop with break-even and partial closure on several targets.

Сharacteristics of the Legend EA

• Platform: Metatrader4
• EA version: 1.3
• Currency pairs: Any, recommended EURAUD, EURUSD, USDJPY, XAUUSD
• Trading Time: Around the clock
• Timeframe: Any, recommended M15
• Recommended broker: Roboforex, XM, FTMO

Legend EA trading algorithm

The author does not disclose the EA's trading strategy. We can only assume that this is trading pending orders at the borders of a channel or support/resistance levels.

the maximum drawdown in this case reaches from 11.29% on XAUUSD to 45.44% on EURUSD, which is not very small.

Expert Advisor settings

Legend has an automatic MM with a given risk level. Applies virtual Stop Loss and Take Profit that are slightly different from those seen by the broker (Broker Stop Loss, Broker Target Profit). There is a setting for trading hours, the possibility of scheduled closing of positions.

You can see the full list of settings below:

EA settings full list

As you can see, now we have in our arsenal an Expert Advisor with a very well thought-out trading algorithm and strategically competent one with many options for trade management. But so that this mechanism does not fail and is not subject to disconnection from the network, we need uninterrupted trading, which only a VPS server can guarantee.

In the archive Legend_EA.rar (104.0 kb):

• Legend.ex4
• Legend v1.11 EURUSD M15.set
• Legend v1.11 S2 XAUUSD M15.set
• Legend v1.11 USDJPY M15.set
• Legend v2.0 EURAUD M15.set
• Legend v2.0 EURUSD M15 default.set
• Legend v2.0 USDJPY M15.set
• Legend v2.0 XAUUSD M15 S2.set