Trend and Profit
This strategy is created by myfxhub and contains two trading strategies: long strategy, short strategy
1. Long strategy:
10-period moving average is greater than the 60-period moving average on the 1 hour timeframe chart
2. Short strategy
10-period moving average is less than the 60-period moving average on the 1 hour timeframe chart
3. Position management:
when the profit exceed the following values(2), all positions will be closed
You are able to get the strategy detail and source code after purchase.
Currency Pairs and Timeframes
The algorithm has been designed to work on all the currency pairs. Feel free to test and experiment with currency pairs. The strong the trend, the better the result. For example, GBPUSD is better than EURUSD
You can use any timeframe chart, the EA with always be working in the same way.
Input Parameters
AutoTrade: Enable/disable the autotrade
MaxSpread: Sets the maximum spread at which a trade will be executed. if the current spread exceeds this value, no trade will be executed.
Slippage(pips): Maximum allowed price deviation in pips when opening positions.
DefaultLots: initial lot size. It is recommended to keep the default value.
MinLots: The minimum lot per trade.
MaxLots: The maximum lot per trade.
StopLoss(pips): Sets the StopLoss value in pips. It is recommended to keep the default value.
TakeProfit(pips): Sets the Take Profit value in pips. It is recommended to keep the default value.
TrailStart(pips): Start trailstop in pips from position
TrailStop(pips): Distance in pips between current price and trailstop when enabled.
ECN: Enable/disable the ECN mode. It is recommended to keep the default value.
Instant Order: Enable/disable instant order. It is recommended to keep the default value.
Stop Order: Enable/disable stop order. It is recommended to keep the default value.
Limit Order: Enable/disable limit order. It is recommended to keep the default value.
PendingGap: Distance in pips if stop/limit order enabled
PendingExpiration: Period in minutes if stop/limit order enabled
Multi Order: Enable/disable multiple orders. It is recommended to keep the default value.
Reverse Order: Enable/disable reverse order type. It is recommended to keep the default value.
