The Moving Train Expert Advisor (EA) was developed by a team of sophisticated technical analysts and is comprised of a complex set of technical indicators that will provide accurate entry and exit points in trading the Forex market. However, to successfully use the Moving Train, its important to apply proper risk management as well.
By default, the Moving Train EA trades 1 mini lot per trade, but that setting can be modified to any amount allowed by your broker. The following parameters are our recommened lot sizes per trade amount based on our analysis of the EA. We highly recommend, however, using personal discretion when choosing your lot size and using the following information only as a guide.
• Account Size <$1,000 : 0.1 Lots (10k)
• Account Size $1,001 - $2,500 : 0.3 Lots (30k)
• Account Size $2,501 - $5,000 : 0.5 Lots (50k)
• Account Size $5,001 - $7,500 : 0.8 Lots (80k)
• Account Size $7,501 - $10,000 : 1 Lot (100k)
• Account Size > $10,000 : 1 Lot or greater
Forex Systems does not provide personalized trading account recommendations, but we do provide the guide above and recommend testing various trade amounts in the demo / backtesting to find the trading parameters that meet your needs and risk tolerance.
BACKTESTING
An exciting and fun way to use the Moving Train Expert Advisor is to backtest against historical data to see how the Moving Train EA would have performed in the past as you evaluate it its current performance in your demo account.
Backtesting with MT4 is easy to do, and can be done by clicking the View:Strategy Tester option or by clicking CTRL-R while in the platform. That will open up the the Strategy Tester Window at the bottom of the platform.
Once there, you can choose the currency pair, select the Moving Train Expert Advisor, select the time frame and then backtest those parameters. Once done, you will see a chart and full trade details of the historical performance of the Expert Advisor.
HISTORICAL DATA
If you want to take your backtesting to the next level, you can download historical data and test as far back as 1970, although most currency pairs do not have data that far back, but many go back as far as 1999/2000. To access this data, you click on Tools: History Center or click F2.
This will open up a new window with a list of currency pairs/instruments on the left side. Double click your preferred instrument, for example, EUR/USD and then click on the 1 minute. At the bottom, select download and it will download all historical data for the EUR/USD pair. Once done, you will be able to test the Moving Train EA on historical data as far back as the data allows.
Important Warning: Historical data downloads are very large, and require many GB's of hard disk space and can bog down your computer. If you do not have a computer with adequate space, be sure to delete historical data after testing, or only test 1 pair at a time.
Good luck trading.
PRICE: $499.00
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