Legend expert advisor EA Highlights Developed by a team of professional traders and programmers. 2 extraordinary strategies combine to form one easy to use professional trading system. Strategies designed specifically for long term sustainability while focusing on short to medium term trends and breakouts. Targets a larger number of pips making it impossible to be manipulated by brokers ( Pip expectancy over 20 pips! ). Entry and exit logic operates on Bar Close only. This filters market noise, dramatically speeds up optimizations, avoids stop loss hunting, and ensures proper operation at any broker with a reasonable spread. No short term risky strategies ( scalping, martingale, grid ). Sophisticated exits working together include broker decoy and safety stops, virtual (stealth), trailing, breakeven, partial closings at multiple exit targets. Multiple safety features to keep your account safe from power outages, internet outage or disconnect, broker context busy, platform freeze, and much more.
Strategy One (S1) is a fully automated trend following momentum breakout system. When the action is happening Legend strikes with multiple entries in order to capture the emerging trend. Intelligent exits give the highest possibility of capturing as much of the trend as possible.
Strategy Two (S2) is a fully automated strategy that detects strong supply and demand areas using our proprietary algorithm. Pending Orders are placed in the areas with the highest probability for breakouts and continuations.
Combine these two strategies with our highly advanced exits to form one powerful, robust, dependable trading robot Once either strategy enters positions into the market they are continuously monitored independently by Legend with multiple intelligent exits developed to keep your account SAFE and increase potential profits.. Virtual (Stealth) Exits. Safety/Decoy Broker Exits Trailing Stop Breakeven Partial Close at Multiple Target Prices Legend has been optimized for EURUSD 15 minute chart Legend was developed using only the highest quality tick data. Optimization performed using 10 year in sample period with double out of sample verification periods. After Legend was optimized to the development period it is tested on the out of sample periods of 4 years before, and 2 years after the development period (shown
below). This is done to avoid curve fitting of the system. Have you ever bought or seen a system that failed a few months after being released? This is because the developer did not use out of sample verification and subsequently released a curve fitted EA. User Defined Variables Strategy One Variables Enable Strategy 1 - Select true to enable strategy one Use Money Management - Select true to use automated lot sizing MM Risk Setting 1 - Risk Setting to be used with Money management Lot Size - Fixed Lot size if Fixed lots is selected above Max Open Positions - Max Positions that can be opened simultaneously by S1 Fast Period - Period of bars for fast measurement Slow Period - Period of bars for slow measurement Volatility Factor - Factor to determine volatility between slow and fast bar periods MA 1 Period - Moving average one. MA 2 Period - Moving average two. MA 3 Period - Moving average three. Target Profit - Virtual (Hidden) Target Profit pips Stop Loss - Virtual (Hidden) Stop Loss pips Trailing Stop - Virtual (Hidden) Trailing Stop pips
Break Even Activation Pips - Price must be this far into profit for breakeven activation Pips to Lock In - Pips to lock in with breakeven activation Broker Target Profit S1 - Set to a number slightly larger than Virtual Target Profit. Sending hard exits to the broker serves a dual purpose as both s a decoy and safety mechanism. Broker Stop Loss S1 - Set to a number slightly larger than Virtual Stop Loss. Sending hard exits to the broker serves a dual purpose as both s a decoy and safety mechanism. Use Partial Close - Set to true to close positions at multiple exit targets. Scaling out Position Percentage to Close - Percentage of the original position to close at each target Min Profit Pips - Minimum amount of pip before first exit Pips Between Closings - Number of pips into profit between closings Max Gap Allowed - If Price Gap exceeds this number of pips trading will be paused Hours to Pause After Gap - Trading will be paused this many hours after price gap Magic Number S1 - Magic Number for Strategy One. Use a unique number for each strategy on any addition instance of Legend running on the same account and currency pair. Strategy Two Variables Enable Strategy 2 - Select true to enable strategy two Use Money Management - Select true to use automated lot sizing MM Risk Setting 2 - Risk Setting to be used with Money management Lot Size - Fixed Lot size if Fixed lots is selected above Sample Period - Number of bars for support/resistance algorithm Look Back Period - Number of bars scanned Order Offset (Pips) - Entry orders offset Target Profit - Virtual (Hidden) Target Profit pips Stop Loss - Virtual (Hidden) Stop Loss pips Trailing Stop - Virtual (Hidden) Trailing Stop pips Break Even Activation Pips - Price must be this far into profit for breakeven activation Pips to Lock In - Pips to lock in with breakeven activation Broker Target Profit S2 - Set to a number slightly larger than Virtual Target Profit. Sending hard exits to the broker serves a dual purpose as both s a decoy and safety mechanism. Broker Stop Loss S1 - Set to a number slightly larger than Virtual Stop Loss. Sending hard exits to the broker serves a dual purpose as both s a decoy and safety mechanism. Use Partial Close - Set to true to close positions at multiple exit targets. Scaling out Position Percentage to Close - Percentage of the original position to close at each target Min Profit Pips - Minimum amount of pip before first exit Pips Between Closings - Number of pips into profit between closings Magic Number S2 - Magic Number for Strategy Two. Use a unique number for each strategy on any addition instance of Legend running on the same account and currency pair.
Universal Variables Use Trading Hours - Set true to use trading hours Hour to Start Trading - Hour to start trading (Use broker time) Hour To Stop Trading - Hour to stop trading (Use broker time) Friday Exit Hour - Hour to stop trading on friday and exit trades. (Use broker hour) Sunday - set false to skip trading Sunday Monday - set false to skip trading Monday Tuesday - set false to skip trading Tuesday Wednesday - set false to skip trading Wednesday Thursday - set false to skip trading Thursday Friday - set false to skip trading Friday Trade NFP Friday - set false to skip trading NFP Friday Trade Thursday Before NFP - set false to skip trading Thursday Before NFP Trade Christmas Break - set false to skip trading Christmas Break Day To Begin X-mas Break - day in December to pause trading until New Years Trade New Years Holiday - set false to skip trading New Years Holiday Day To Return after Break - day in january to resume trading Transparent Display - Set true for transparent display Trade Comment - Comment to be sent with trades Order Expiration Minutes - Pending Order Expiration Minutes 0 = Never expires Transparent Display - Set true to make the on chart display transparent Trade Comment - Comment to be sent with trades Order Expiration Minutes - Leave set to 0 unless your broker demands a different number