'Expert Advisors' or 'Automated Trading Systems'are such an application designed to trade on behalf of a trader. Of course it has not seen any EA to be as perfectly trading as a trader, yet for many reasons, these Artificial Intelligences are performing quite better. They dont get emotional or greedy or tired. They repeat a strategy billion times with no custom modification. They trade what they are set to, not what they think to. GuruTrader has prepared a set of EAs which mainly are useful to be used as a semi-automated system or as an assistant for trading.
Bands Cross In EA
One of the most reliable filter for reversal moves in the market, when it comes to confirm a pattern or a divergence, is 'Cross inside' the 'Bollinger Bands' Indicator
The most popular indicator, MACD, has got a signal line, which generates proper signals once it crosses the main bars in the indicator. Here in this EA, once this happens, the EA opens a trade accordingly.
Stochastic is another popular oscillator which generate faster signal, yet noisier. Here this EA opens a trade once the signal line crosses the main line above the overbought / below the oversold zone.
Moving Average is the most popular indicator to identify a trend. It is also used to generate a trade signal. Here in this EA, once the price closes above/below a long term moving average, the EA opens a trade accordingly.