OzFx - Expert for MetaTrader 4
It is an automated adviser for MT4 and used exclusively for trading on the EUR/JPY tool on the daily chart. The adviser analyzes the market using the indications of Stochastic indicators and Bill Williams' Accelerator Oscillator. On the chart, Stochastic is represented by a blue line, and the Accelerator Oscillator is green. Trading signals appear when the following conditions are met:
- To buy: the green line crosses the zero mark, moving upwards, and the Stochastic line is above level 50;
- To sell: the green line crosses the zero mark, moving down, and the Stochastic curve is below level 50.
When a trading signal appears, the advisor will open five orders with the same lot and set Stop Loss at 100 points for each of them. After the first order is closed with a profit, Stop Loss will reach a break-even point on other orders.