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Trend and correction expert

The Expert Advisor finds strong trend movements of a currency pair over the specified number of bars. It also finds correction to this trend (for the same period). When the trend is strong enough, and the correction becomes equal to the values specified in the EA parameters, the Expert Advisor opens the a trade in the trend direction. The advantage of this is that the EA will not buy at the trend maximum or sell at its minimum - trhe EA only trades after correction. However, you can set different correction values, including the value of 0 if you want to trade immediately when the EA finds the trend.

The EA can set a trade into a small profit, it can use the lot size depending on free margin and provides many other settings.


Input parameters

  • Lots - lot size (if Lots=0, then the lot will be calculated based on the percentage of account free margin);
  • Percentage of free money - the percentage of free margin to open each new trade (applicable when Lots=0);
  • MaxSpread - maximum spread for opening trades (on the accounts with floating spread, for the trade to open when the spread is not too large);
  • Magic - unique identifier (use different magic numbers if multiple Expert Advisors run in your terminal);
  • StopLoss - stop loss in points;
  • TakeProfit - take profit in points;
  • Stop to breakeven after - move stop loss to breakeven after a specified number of points;
  • EnableAutoClose - automatic closure of orders in case of a reverse signal;
  • TrailingStopValue - the trailing stop value in points; mot used if set to 0;
  • CountBars - the number of bars used to search for trend and correction;
  • BarsShift - maximum shift of bars used in search for the trend;
  • MinPriceDistance - the minimum trend distance in the currency pair units to open a deal;
  • PercentCorrection - correction percent (recommended values are 0 to 62);
  • TrailingStopValue - trailing stop value in points (distance from the current price of the currency pair), if set to 0, trailing stop is not used;
  • MAFilterStrength - the strength of an additional indicator based on multiple Moving Averages (optional use, set to 0 in order to disable);
  • MAFilterStartPeriod - initial period of Moving Averages (if set to 0, the filter will not be used);
  • MAFilterCount - the number of Moving average indicators;
  • MAFilterIncrease - increase of the period of each Moving average indicator;
  • AdxPeriod - ADX indicator period;
  • MinAdxLevel - minimum ADX level;
  • Trading start hour - trading start hour;
  • Trading end hour - trading end hour;
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The Sequoia Expert Advisor is a professional market analyst working using a specialized algorithm. Based on the analysis of prices over a specific time interval, it reveals the strength and amplitude of prices using a unique indication system based on real data. When the strength of the trend and its direction changes, the expert closes the current position and opens a new one. The bot's algorithms include signals about overbought and oversold markets. A purchase occurs if the signal falls belo
FX EurUsd Robot MT4
Marzena Maria Szmit
5 (13)
Experts
The EUR/USD Multi-Strategy Trading Robot MT4 is an advanced tool designed to optimize trading by combining 3 key systems:   daily trading, volume analysis, and Fibonacci   retracement levels. This robot works by integrating these different approaches to create a more dynamic and adaptable strategy for trading the   EUR/USD pair . EA adapts to different market conditions, this makes it an ideal solution for traders looking to enhance their trading strategy with a powerful, multi-faceted approach.
AW Classic MACD EA
AW Trading Software Limited
3.67 (3)
Experts
Fully automated trading system. A classic indicator is used as signals   MACD , which combines a trend indicator with an oscillator to detect entry points. Uses averaging, the function of closing the first and last basket orders and the function of automatic lot calculation. Has an advanced dashboard and three types of notifications. Problem solving ->   HERE  / MT5 version ->  HERE   /   Instruction  ->   HERE   Benefits: Fully automated trading system Easy setup and intuitive panel interface
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Manpreet Singh
4.33 (6)
Experts
Cross Hedge EA Cross Hedge EA is a hedging EA which helps you recover the losing trade in a very tricky way based on "Zone Recovery Algorithm". It Hedge with an increased lot size based on multiplier factor in the market direction and if market reverse its direction again then it open a incremental lot in the current market direction. Doing this way it ends with a profit no matter in what direction the market will move. Use Cent account with $300 deposits atleast for gold and US30. Reach person
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Alexander Nikolaev
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This indicator finds and displays the Double Bottom and Double Top technical analysis patterns. Signals (displays a message on the screen) if the shape was formed recently. Often after the appearance of these patterns, the trend reverses or a correction occurs. In order not to search for them yourself, or not to miss their appearance, it is enough to add an indicator to the chart. The indicator can be used on different timeframes and currency pairs, there are settings for a better search on a c
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Experts
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4.8 (5)
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This indicator forms a channel based on the readings of the ADX (Average Directional Movement Index) indicator, displays and informs the trader of a price reversal at the boundaries of this channel, and can also report when the price touches the channel boundaries. It also draws additional dotted lines, which depend on the readings of the + DI and -DI of the ADX indicator. It also has an option for filtering signals depending on the readings of the stochastic. The channel drawn by this indicato
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Alexander Nikolaev
Indicators
A breakout of a trend line, as well as a high or low, usually signals a change (or continuation) of the trend. This indicator displays lines at the highs and lows of the price, as well as finds and displays inclined trend lines. As soon as the price goes beyond the line and the candlestick closes, the indicator signals this with an arrow (you can also enable alerts). This indicator is easy to use, however, there are many trading strategies that are based on trendline breakouts. The number of ca
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3 (1)
Experts
This EA trades when the trend line, or high (low) price is broken. Trend lines and extremes are found by the specified parameters. In addition to trading, it also displays these lines on the chart. A trade occurs when the price goes outside the line and the candlestick closes. Also, the advisor may not trade if the market has low volatility, or other filters do not allow it to do so in order to cut off non-profit trades. It can set a stop loss in a parabolic pattern, or use a simple trailing st
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Alexander Nikolaev
Experts
This EA identifies trading candles that often foreshadow a market reversal and finds volume accumulation levels in the trading history. It opens trades if a candlestick like "Doji" or "Engulfing" appears at the volume level and the price seems to be repelled from the level. To make its strategy clearer to users, it can display volume levels and signal candles (thanks to its good display, it can be used as an indicator). In the strategy tester, some display functions do not work correctly, so wat
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The indicator analyzes the chart and identifies Doji candlesticks. Shows their appearance and signals the appearance of such a candle (if allowed in the parameters). Also, this indicator shows the strength of the reversal in the form of bars of different colors (the more green, the more likely the rise, the more red - the fall in price). The direction of the signal depends on the direction of the previous candles, as the Doji signals a reversal or correction. In the indicator settings, you can
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Experts
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Breakout Trend Lines Free
Alexander Nikolaev
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Free indicator to quickly detect trendline breakouts and high or low of a price range. It displays lines based on the highs and lows of prices, and also finds and displays inclined trend lines. As soon as the price goes beyond the line and the candlestick closes, the indicator signals this with an arrow (you can also enable an alert). This indicator is easy to use and also free. The number of candles for defining trend lines as well as the high and low of the trading range is configurable. It w
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Easy Channels MT5
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5 (1)
Indicators
This indicator draws price channels. Easy to use. It has various settings, for example, you can configure it to show channels only for buy or sell, you can display trend lines instead of channels. There are many trading strategies that are based on trading in channels, you can trade on the rebound from the borders of the channels, or the breakdown of the channel.   Parameters History - the maximum number of bars for building channels; Distance - the minimum distance from one maximum (or minimum
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Experts
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The indicator draws price channels. It can be customized so that only buy or sell channels are displayed. Also, trend lines can be displayed instead of channels. This indicator is easy to use, but nevertheless, there are many trading strategies based on channel trading. Advisor based on this indicator:  https://www.mql5.com/en/market/product/37952 Parameters History - maximum number of bars to build channels; Distance - minimum distance from one High (or Low) to another when constructing a chann
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The indicator finds strong trend movements of a currency pair over the specified number of bars. It also finds correction to this trend. When the trend is strong enough, and the correction becomes equal to the values specified in the parameters, the indicator generates a signal. You can set different correction values, while the best suiting are 38, 50 and 62 (Fibonacci levels). In addition, you can configure the minimum length of trend, the number of history bars for search and other parameters
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Experts
This is a simple and free Expert Advisor that trades candlesticks. It compares several nearest bars and their volumes, and opens a trade based on that data. Unlike the professional version , it analyzes only 1 timeframe. The recommended timeframes for this EA are H1, H4, D1, it works with any currency pairs. The parameters always need to be optimized before trading, as well as after some period of trading. Input Parameters Lots - lot size (if Lots=0, then the lot will be calculated based on the
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4.5 (2)
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The utility manages other EAs' orders as well as the ones opened manually. It is capable of trailing the price (trailing stop function), set a stop loss and take profit if they have not been set before. When configuring the utility for an EA having no trailing stop function, place it to the new window with the same currency pair specifying the same Magic value (as for the EA orders the stop loss is to be applied to). You can set any timeframe. It does not affect the utility operation. Set Magic
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Experts
This Expert Advisor is the free version of "Bollinger with WPR scalper", which is based on the Bollinger bands and Williams' Percent Range indicators. Limitations of the free version: lot is fixed to 0.01, only the EURUSD currency pair is supported, trading time cannot be selected, trailing stop is not available. Nevertheless, it can make quite a lot of deals, so you do not have to wait for positions to be opened (with the appropriate settings and timeframes below H1). The EA can be used on time
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Volume Levels MT5 Free
Alexander Nikolaev
Indicators
This indicator is able to determine the price levels at which there was the most volume for the specified period of history. In the future, the price often bounces off such levels, and this can be successfully applied in trading. They are displayed as lines, some parameters for determining the levels can be adjusted. This indicator is simple, therefore, it does not report signals, and only builds levels on EUR/USD. Parameters HistoryBars - the number of bars to determine the near volume levels;
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Alexander Nikolaev
4.67 (3)
Indicators
The indicator draws lines the the price highs and lows. Break through the high or low usually indicates trend change (or continuation). Once the price moves through a line, and the candlestick closes, the indicator draws an appropriate arrow (also, you can enable alerts). A deal should be conducted in the breakthrough direction immediately or after a slight rollback. It is best to trade following the trend on a larger timeframe. This indicator is easy to use, but nevertheless, there are many tra
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3.5 (2)
Indicators
Volume Levels is a very important indicator for exchange trading. Most of the trades were performed on those levels. This indicator displays the price level that had the most trade volumes over a certain period of time. Often, the price bounces from those levels in the future, and it can be successfully used in trading. This is a demo version that works only on the USD/JPY currency pair. To work on all currency pairs, install the full version: https://www.mql5.com/en/market/product/15888 Parame
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Simple Trade MT5
Alexander Nikolaev
Experts
This EA is easy to use, it does not have too complicated settings and algorithms for performing trading operations. It’s not optimized for long, it may appeal to those who recently decided to engage in trading on the exchange with the help of advisers, or who do not want to understand the settings for a long time. The basis of his work is several indicators (moving average, RSI, stochastic, ATR). Despite its simplicity, it has a custom trailing stop function, which can reduce the risks for a dep
Three Fractals demo
Alexander Nikolaev
Experts
This Expert Advisor identifies trend reversals based on fractals and some other indicators. It is a free lite version of Three fractals Brief description of the trading strategy: when the fractals were formed after a prolonged fall, and the last fractal did not update the minimum of the previous bar's lower fractal, then a trend reversal is determined (at the same time, there must be a fractal in the middle, which is higher than the others). Similarly, opposite for growth. In case other indicato
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Colored Candles Demo
Alexander Nikolaev
5 (1)
Indicators
The demo version of the Colored Candles indicator - calculates the parameters of each candle, as well as its volume. After that, it paints the candles depending on their strength and direction. Bullish candles are colored green and bearish candles - red. The greater the power of the bulls or the bears, the brighter the color. You can change the colors if you want. The indicator helps to analyze the price movement, as well as market entry points. The more accurate signals are formed on the higher
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Volume Candles
Alexander Nikolaev
Indicators
Volumes are one of the most important factors of trading, as it is the high volumes that move the market in either direction. But there are very few standard indicators for volumes in MetaTrader 4. The Volume Candles analyses the volumes of the trades and displays candles depending on these volumes. The candle appears once the required number of volumes has passed during trading (the VolumeCandle parameter). If the candles close frequently and are thin, then the volumes on the market are current
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Alexander Nikolaev
5 (3)
Indicators
Volume Levels is a very important indicator for exchange trading. Most of the trades were performed on those levels. This indicator displays the price level that had the most trade volumes over a certain period of time. Often, the price bounces from those levels in the future, and it can be successfully used in trading. It works on any currency pair. Parameters HistoryBars - the number of bars to determine the near volume levels; Range - the maximum distance above and below the current price to
ProCandles
Alexander Nikolaev
Experts
Some experienced trades can tell where the price will go even without indicators, as the direction of the price can be found using the ordinary candlesticks. The EA compares several nearest bars and their volumes, and opens a trade based on that data. Also, it is able to analyze the candles on two timeframes at the same time to make the entry more accurate and less risky. In addition, the EA can automatically determine the take profit and stop loss size depending on the size of the previous cand
Colored candles
Alexander Nikolaev
Indicators
Some candles have a strong tendency to continue the movement or to revert it. With the help of the Colored candles indicator such movements are clearly visible. This indicator calculates the parameters of each candle, as well as its volume, and after that it paints the candles depending on its strength and direction. Bullish candles are colored green and bearish candles - red. The greater the power of the bulls or the bears, the brighter the color. You can change the colors if you want. The indi
Multi Alligator Signals
Alexander Nikolaev
Utilities
It is good to know the presence of a trend on multiple timeframes at once. And even better - on multiple currency pairs at once. This indicator allows to quickly determine the presence of a trend or a flat on 8 timeframes and from 1 to 15 currency pairs at once. Multi Alligator Signals analyzes the signals of the Alligator indicator by Bill Williams on every timeframe (from M1 to W1) and multiple currency pairs (up to 15) simultaneously. If there is a buy signal, a green upward arrow is drawn, i
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