TrendChaser
- Experts
- Haruki Teranaka
- Version: 1.2
- Updated: 22 November 2024
- Activations: 10
The ultimate trend-following EA "TrendChaser"
"TrendChaser" is an advanced trend-following automatic trading system designed to maximize profits in trending markets. It uses a unique algorithm to quickly detect the occurrence of trends and pursue stable profits. Designed specifically for GOLD/USD, it performs particularly well in markets with strong trends.
Main features
1. Trend-following entry using a unique algorithm
Uses advanced entry decision logic based on ADX (Average Directional Index) and DI (Directional Indicators).
Analyzes trend strength and direction in real time and enters positions at the optimal timing.
If the trend is weak, entry is withheld to avoid risk.
2. Risk management using a hedging strategy
Opens an automatic hedge position when the trend reverses. The reversal width (pips) can be adjusted with external parameters.
Hedge positions support gradual profit taking, minimizing losses and securing additional profits.
3. Flexible money management function
Automatic adjustment of lot size: Increase the lot after profit confirmation to aim for even bigger profit in the next trade.
Trading time control: Execute trades only within the specified time period. Consider GOLD's specific market hours.
4. Fully automated trading
Fully automated from trade time, entry decision, profit confirmation/stop loss, to re-entry.
Use debug mode to record trade details.
Complete explanation of external parameters
Main position management
Parameter name Description Initial value
LotsMain Initial lot size of main position. Can be specified up to two decimal places. 0.01
TakeProfitMainPips Profit confirmation width of main position (in pips). 15.0
StopLossMainPips Stop loss width of main position (in pips). 15.0
MainStopLossReductionStep Step for reducing stop loss width after profit confirmation of main position (in pips). 3.0
MinStopLossMainPips Minimum stop loss width of main position (in pips). 3.0
MainLotIncreaseStep Increase in lot size after profit taking of main position. 0.01
MainTakeProfitReductionPercent Profit reduction rate after profit taking of main position (in %). 10.0
MaxMainTakeProfitReductionPercent Maximum reduction rate of profit taking of main position (in %). 40.0
Hedge position management
Parameter name Description Initial value
InitialHedgeBuyLot Initial lot size of hedge BUY position. 0.01
InitialHedgeSellLot Initial lot size of hedge SELL position. 0.01
TakeProfitHedgePips Initial profit taking range of hedge position (in pips). 15.0
HedgeTriggerPips Reversal range of main position (in pips). If this value is exceeded, a hedge position is entered. 10.0
HedgeStopLossPips Stop loss range of hedge position (in pips). 100.0
HedgeLotIncreaseStep Increase lot size after hedge profit is taken. 0.01
TakeProfitReductionPercent Profit reduction rate after hedge profit is taken (in %). 10.0
MaxTakeProfitReductionPercent Maximum reduction rate of hedge profit taking (in %). 30.0
MaxHedgeTakeProfitCount Maximum number of profit takings for hedge positions. If this number is exceeded, the main position will be closed. 3
EnableHedgeStopLoss Enable stop loss for hedge positions (true or false). true
Trading time control
Parameter name Description Default
EnableTradingHours Enable trading time limits (true or false). false
TradingStartHour Start time of trading (in hours, 0-23). 9
TradingStartMinute Start time of trading (in minutes, 0-59). 0
TradingEndHour End time of trading (in hours, 0-23). 17
TradingEndMinute End time of trading (in minutes, 0-59). 0
Other settings
Parameter name Description Initial value
MaxLotSize Maximum lot size for main and hedge positions. 1.0
UseBrokerTPandSL Use TP/SL function provided by broker (true or false). false
DebugMode Enable debug log (true or false). true
Recommended environment
Currency pair: GOLD/USD only
Time frame: M1 or M5 recommended
Operating environment: MetaTrader 4 (MT4)
Recommended margin: 100,000 yen or more
Why choose this EA
The unique algorithm accurately grasps the strength and weakness of the trend and improves the accuracy of entries.
Advanced hedging strategy minimizes risk during reversals and maximizes profit opportunities.
Flexible external parameters fully support trader styles and market environments.
Designed specifically for GOLD, trades that make the most of market characteristics.
TrendChaser is the best choice for trend-following traders. It combines high profitability with thorough risk management to take your trading to the next level. Try it now!