Description / Rules
PROMINING it is a fully automated “pullback” trading system with drawdown control, which is especially effective in trading of (XAUUSD) GOLD pairs. The system uses the main patterns of the Forex market in trading – the return of the price after a sharp movement in any direction. This is a trend scalping strategy using the Stochastic, TrendLine, RSI, MACD indicator as an input signal. The EA opens the first order at the signal of the indicator and fixes the profit at a given level, but if the price does not reach the profit and rolls back, an additional order automatically opens, averaging the level of the total profit making it closer to the entry point.
A series of orders always closes at a profit with the built-in DrawDown Reduce function, which closes the most unprofitable and most profitable orders in the series at the common profit point.