The Trend Terminator

Trend Terminator implements a strategy that was taken from STOCKS & COMMODITIES magazine. The purpose of this EA is to trade the opening of the market, meeting certain conditions detailed below, and going long or short depending on them.

In order to imrpove the results, I added 3 filters:

1. Trend -> it uses a 200 MA

2. Inside range  -> check if the previous bar is a inside range bar

3. Narrow volatibility -> uses an ATR to check if the volatibility is low

Apart from the filters, that are part of the input parameters, the EA contains 3 conditions that must be met:

1. RSI

2. Candle close

3. Candle lookback bars

These conditions are fixed in the code and can not be changed.

This EA is primarily traded in the US30. It could be also traded in commodities or stocks.

My input parameters for the US30 are:

- Fixed lots -> false

- Risk -> 2

- Take Profit -> 54000

- Stop loss -> 3000

- Break even -> 16000

- lookback bars -> 160

- Range: from 16:30 to 23:15

- Trend filter -> true 1 hour

- Inside range filter -> false

- Narrow range filter -> true 1 day