-90%
Trendy Trader EA
In the trading world a golden rule that stuck with me is “hold on to your winners and cut your losers short”. This golden rule is how this EA gains a positive advantage.
The EA is based on the indicator Trendy Trader. As stated unlike a standard moving average this unique algorithm will show you a less choppy signal resulting in a smoother and easier trend to follow.
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 :Â Â
VarATR –Â 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 –Â It will simply place the stop loss and 2 take profit levels on the inputed values
No Stop Loss –Â 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 –Â This will only allow trade buy or sell if the higher timeframe agrees with current timeframe
Panel –Â Includes a main panel showing you at a glance some useful results of trades
Not broker sensitive –Â Unlike scalping EA’s it isn’t broker sensitive
Settings :
Amplitude –Â The number of bars used to calculate trend
HTF –Â Higher time frame setting as mentioned above controlled by true or false
TFPeriod –Â The higher timeframe we want to trade
Take Profit 1 Fixed –Â The take profit 1 level if we are using fixed setting
Take Profit 2 Fixed –Â The take profit 2 level if we are using fixed setting
Stop Loss Fixed –Â The stop loss level if we are using fixed setting
Take Profit 1 ATR –Â The distance from stop loss of ATR setting. Input as 0.2 means 20% of stop loss
Take Profit 2 ATR –Â The distance from stop loss of ATR setting. Input as 0.8 means 80% of stop loss
Stop Loss ATR –Â 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 –Â The size of trailing stop
Minimum Profit Till Trailing Stop –Â When we want trailing stop to activate
Martingale –Â Here on a loss the next trade lot size is doubled till profit is reached HIGH RISK!
Part Close –Â Here we close with half the lot. If true we use take profit 1 as when to part close.
Break Even –Â When break even is reached stop is moved to entry level. If true we use take profit 1 as when to break even.
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