Nasdaq Expansion M15

The Nasdaq Expansion M15 is a Forex Strategy that has been developed, tested, and traded live on the NASDAQ M15 timeframe. This trading strategy stands out due to its simplicity, with only a few parameters to consider. It primarily operates based on the concept of expansion on the daily chart, entering the market when volatility increases after a period of consolidation.

The Strategy’s Features and Trading Techniques

One of the key features of the Nasdaq Expansion M15 is the use of stop pending orders with ATR stop loss. This is designed to protect the trader’s capital from significant losses. To secure profits, a trailing profit function is incorporated into the strategy. This function adjusts the stop-loss level as the trade makes a profit, thereby locking in the gains while still allowing for further potential profits.

Users of this Forex strategy do not need to worry about setting up parameters, as all settings have been optimized and fine-tuned. This ready-to-use strategy only requires the trader to set the Fixed Lotsize (or Risk Fixed % Of Balance), depending on the amount of capital in relation to the expected risk.

Backtesting and Financial Market Analysis

This Forex Strategy has been backtested on over 10 years’ worth of tick data with a 99% quality of modeling. It has also been verified on 15-year-long M1 futures data. The robust backtesting gives traders confidence in the strategy’s performance and its ability to adapt to various market conditions.

Every candle, the pending orders are modified to adapt to the market behavior. This trading technique shows the strategy’s ability to adjust and respond to changing market dynamics, a crucial aspect of successful currency trading.

Trading Restrictions and Recommendations

It should be noted that at 9:00 pm every Friday, trading is suspended to prevent losses from weekly gaps. Traders need to adjust this time according to their broker time. Preset values are designed for UTC 2 only. This precautionary measure is another example of the strategy’s risk-management features.

It is advised for investors to consider a broker with a small spread and slippage for better performance. This strategy is not designed for use on a large account, making it accessible for traders with a smaller capital base.

Key Operation Parameters

The operation parameters of the Nasdaq Expansion M15 are user-friendly and specifically designed to be simple to use. The key parameters that traders need to be aware of include CustomComment, MagicNumber, UseMoneyManagement, mmRiskPercent, mmLotsIfNoMM, and FridayExitTime.

The MagicNumber is a unique trade ID that enables the strategy to be used alongside multiple EAs in one account. UseMoneyManagement is a parameter that allows the trader to decide whether to trade only fixed lots or to risk a percentage of the balance. The mmRiskPercent and mmLotsIfNoMM parameters are related to money management, allowing traders to set their risk level and fixed lot size, respectively.

FAQ

Can I test this product independently?

Yes, you can watch independent testing of the Nasdaq Expansion M15 on the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product.

Can I share my experience of using this product?

Definitely. Sharing your personal experience of using the Nasdaq Expansion M15 can help other traders understand the product better and make informed decisions.

Is this product review biased?

No, this is an independent product review. It is based on factual information about the product and does not contain personal opinions or endorsements.

Overall, the Nasdaq Expansion M15 is a simple, ready-to-use Forex Strategy that aims to provide a straightforward approach to currency trading. Its robust backtesting, adaptable trading techniques, and user-friendly operation parameters make it a viable option for both novice and experienced traders.