This EA is based on 1 moving average indicator, the exit and entry points are determined by a "smoothing factor"; a fixed amount of pips above or below the MA.
It opens no more than 1 position at a time and has no stoploss, takeprofit or trailingstop, these may be subject to change in future versions.
This has been uploaded for experimental purposes, it is a very unpolished EA and I don't recommend running this on a live account.
The following chart is a test conducted over a 5 year period, using the same parameters it has also worked decently over a 10 year period (2005 to 2015).
Standard settings are for the 1 hour chart on EURUSD, but can easily be optimized for any currency pair and timeframe.
Long term goal is to make this EA profitable over a prolonged period of time, i.e 5 years or more with as little complexity as possible.
Feedback is appreciated, enjoy.
Second-by-second candle timer not dependent on incoming ticks. New candle alert option. Automatic Broker GMT and Daylight Saving Time adjustment.Alpha Trend Spotter Free
This is an indicator for finding the strongest trend each day, suitable for intraday trading or a swing trading.