'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
One favorable Oscillator is CCI, which is famous for its Sell/Buy Entry Zones. Here in this EA, once CCI enters either these zones, a trade will be opened.
A custom Indicator, a popular one, which is suitable to identify a trend is "Heiken Ashi'. Here in this EA, once the trend changes, EA opens a trade accordingly.
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.
One of the trend based indicators is Parabolic Sar. It is famous because of the levels it makes above or below the trend. Here this EA opens a trade once Parabolic confirms a change in trend.
RSI is so popular as many trader consider it like a magical oscillator. Here in this EA, once the RSI enters an OverBought/OverSold zone, opens a trade accordingly..
Despite the EA above, here this EA opens a trade once the RSI exits an OverBought/OverSold zone. The opened trade therefore is opposed to the trend direction.
Despite the Two Enter/Exit EAs above, here this EA opens a trade once the RSI touches an OverBought/OverSold zone. The opened trade therefore is opposed to the trend direction.
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.
In this EA, a combination of two EAs above is implemented. In this EA, once the fast MA crosses the medium MA and they are both are above/below the slow MA, the EA opens a trade accordingly.