KT Murrey Math EA
KT Murrey Math EA
MT4 | MT5
KT Murrey Math EA incorporates a trading strategy that explicitly trades the price bars that crossed above or below a Murrey Math level.
- A buy order is placed when a bar closes above a Murrey Math level.
- A sell order is placed when a bar closes below a Murrey math level.
- EA places the stop-loss and take-profit always at the subsequent Murrey Math levels.
- The KT Murrey Math EA combines a simple Murrey Math system with a lot of advancements.
- Draw all Murrey Math levels on the chart so you can monitor the deployed strategy easily.
- It is equipped with multiple entry filters such as trend filter, vortex filter, volatility filter, MMI, and week days filter.
- Fixed fractional money management to achieve an exponential equity growth.
- If you are a fan of the Murrey Math, you'll find the EA very useful.
- <===== Murrey Math Strategy Settings =====>
- Octave Period: Number of bars to calculate the price range for Murrey math levels.
- Shift Back: Shift back in bars to avoid the repaint of levels when price make a new high/low.
- Allow to Trade Big Candles: If set to false, EA will avoid the trades if the crossver is too big and there is not much room available for the take-profit placement.
- Draw MM Levels on Chart: True/False
- Allow Buy Trades: If false, EA will not execute buy orders.
- Allow Sell Trades: If false, EA will not execute sell orders.
- <===== Allow MM Levels to Trade =====>
- [-2/8]P Extremely Overshoot: True/False
- [-1/8]P Overshoot: True/False
- [0/8]P Ultimate Support - Extremely Oversold: True/False
- [1/8]P Weak, Stall and Reverse: True/False
- [2/8]P Pivot, Reverse - Major: True/False
- [3/8]P Bottom of Trading Range: True/False
- [4/8]P Major Support/Resistance Pivotal Point: True/False
- [5/8]P Top of Trading Range: True/False
- [6/8]P Pivot, Reverse - Major: True/False
- [7/8]P Weak, Stall and Reverse: True/False
- [8/8]P Ultimate Resistance - Extremely Overbought: True/False
- [+1/8]P Overshoot [+1/8]: True/False
- [+2/8]P Extremely Overshoot: True/False
- <===== Trade Settings =====>
- Lot Size Method: fixed lot size / auto lot sizing
- Risk per trade: we recommend 1% risk per trade.
- ----- Set the filters -----
- Trading Sessions: All | Asian | London | New York | Asian-London | London-New York | New York-Asian.
- Trend Filter: if true, EA open positions only in the direction of trend (more information here).
- Volatility Filter: if true, EA allows positions only in a duration of high volatility (more information here).
- Vortex Filter: if true, EA filters the entries using the Vortex filter (more information here).
- MMI Filter: if true, EA filters the positions using the Market Meanness Index.
- Day Filter: allows or debar the trades on certain days of the week.
Is it possible to set a custom stoploss or takeprofit?
No. The stop-loss and take-profit are placed on the subsequent levels.
Can I restrict trade entries on some specific Murrey Math levels?
Yes. You can enable/disable the levels in input settings.
Can there be multiple positions exist together?
No. EA opens a new trade only after a current position gets closed.
Is it required to download the indicator to make this EA work correctly?
No. All dependencies embedded in the EA.
Does EA also make the counter-trend(opposite) entries after crossing the Extremely Overshoot levels?
No. Currently, it only implements the trend following entries.
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