Trendy Trader EA
- Experts
- Stephen Reynolds
- Version: 1.0
- Activations: 20
Put simply when price moves above the average it signals a bullish trend and when price moves below the average it signals a bearish trend. It will then place execution orders automatically for you on the exact same signals that Trendy Trader indicator gives.
Features :
Has 3 stop loss settings :
VarATR - This will adjust the stop loss distance according to the value of average true range
and adjust the take profit 1 and take profit 2 according to the setting in inputs. EG 0.2 = 20% of stop loss
Fixed - It will simply place the stop loss and 2 take profit levels on the inputed values
No Stop Loss - This will purely relly on the trend direction and open buy orders when trend is bullish
and open sell orders when trend is bearish. RECOMMENDED
Higher Timeframe Setting - This will only allow trade buy or sell if the higher timeframe agrees with current timeframe
Panel - Includes a main panel showing you at a glance some useful results of trades
Not broker sensitive - Unlike scalping EA's it isn't broker sensitive
Settings :
Amplitude - The number of bars used to calculate trend
HTF - Higher time frame setting as mentioned above controlled by true or false
TFPeriod - The higher timeframe we want to trade
Take Profit 1 Fixed - The take profit 1 level if we are using fixed setting
Take Profit 2 Fixed - The take profit 2 level if we are using fixed setting
Stop Loss Fixed - The stop loss level if we are using fixed setting
Take Profit 1 ATR - The distance from stop loss of ATR setting. Input as 0.2 means 20% of stop loss
Take Profit 2 ATR - The distance from stop loss of ATR setting. Input as 0.8 means 80% of stop loss
Stop Loss ATR - The co efficient of ATR stop loss level is based upon. EG 1.0 Means x1 the size of ATR 2.0 means x2 the size of ATR
Trailing Stop - The size of trailing stop
Minimum Profit Till Trailing Stop - When we want trailing stop to activate
Martingale - Here on a loss the next trade lot size is doubled till profit is reached HIGH RISK!
Part Close - Here we close with half the lot. If true we use take profit 1 as when to part close.
Break Even - When break even is reached stop is moved to entry level. If true we use take profit 1 as when to break even.