Market / MetaTrader 4 / Experts /

TrendTrader

Demo downloaded: 20

Published: 27 April 2021

Current version: 1.21

TrendTrader

Experts
Adam William Segarra Martirez
Version: 1.21
Updated: 9 August 2021
Activations: 5

This Expert Advisor is a Trend Following as the name suggest using an indicator to open and close an order. Tested in EURUSD using default settings.

Recommended to use this EA in higher TimeFrame with Higher TakeProfit and PipStep.

InpMagicNumber - magic number to use for open orders, if -1, the all open orders for that specific instrument will be processed by this EA
InpLotExp - lots multiplier for averaging down an open orders
InpLots - initial lots, this will be based on InpDollarPerLots
InpTakeProfit - take profits in points
InpPipStep - minimum distance for opening an averaging down an open orders. Higher PipStep means Lower Drawdown
InpMaxTrades - maximum number of averaging down an open orders
InpMinTimeTradeStep - minimum time distance between orders when averaging down
InpDollarPerLots - used to increment the lots based on your gained balance. If 0, no lots increase
InpSpread - maximum spread allowed before opening an orders. If -1, no checking

Note:

Higher TakeProfit = risky but higher gain
Lower TakeProfit = not too risky with lower gain
Higher PipStep(500 - 1000) = Lower DRAWDOWN between 2%-5% using 0.01 lots with $2000 capital
Lower PipStep = risky due to higher drawdown

Try experimenting with the following with 0.01 lots and $2000 capital. You can try to test this on other instruments other than EURUSD.

TakeProfit: 100, PipStep: 100
TakeProfit: 200, PipStep: 200
TakeProfit: 300, PipStep: 300
Make it higher(multiple of 100)

Recommended: TakeProfit: 100, PipStep: 300

more...

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Version 1.21 2021.08.09

Fixed spread checking

Version 1.20 2021.08.06

Include Swap and Commission in computation

Version 1.9 2021.08.06

Fixed MagicNumber

Version 1.8 2021.08.04

Optimize

Version 1.7 2021.07.27

Optimize

Version 1.6 2021.07.26

Include Swap and Commission in TP computation

Version 1.5 2021.06.01

Optimize

Version 1.4 2021.05.19

Fixed TakeProfit

Version 1.3 2021.05.13

Optimize

Version 1.2 2021.04.30

Optimize the opening and closing of orders

Version 1.1 2021.04.30

Fixed Error in lower takeprofit