ShadowTrader
- Experts
- Cence Jk Oizeijoozzisa
- Version: 1.1
- Activations: 10
This Expert Advisor is a fully automated trading tool designed to capitalize on one of the most reliable concepts in technical analysis
The ShadowTrader EA scans the market 24/7 to identify high-probability trading setups,
allowing you to remove emotion and guesswork from your trading.
It is built with a comprehensive suite of professional tools,
from advanced filters to sophisticated money and trade management systems, giving you full control.
Key Features
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Automated Divergence Trading: Automatically detects both Bullish and Bearish classic RSI divergences.
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Powerful Trend Filter: Utilizes a Moving Average filter to ensure trades are taken in the direction of the main trend, increasing the probability of success.
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Advanced Entry Confirmation: Uses price action and candle size filters to validate signals before entering a trade.
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Professional Position Management:
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Break-Even: Automatically moves the stop loss to the entry price to protect your capital.
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Trailing Stop: Secures profits by having the stop loss trail behind the price as it moves in your favor.
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Complete Risk Control: Features a spread filter, slippage control, and a daily trade limit.
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Alternate Trading Mode: An optional "Alternate Buy/Sell" mode prevents the EA from taking multiple trades in the same direction consecutively.
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Visual Chart Display: Draws divergence lines directly on the chart for full transparency.
Advanced Money Management
Take full control over your risk with three distinct money management modes:
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Fixed Lot: Trades with a constant lot size.
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Risk Percentage: Calculates lot size based on a percentage of your account balance.
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Auto Lot Scaling: Automatically increases the lot size as your account balance grows.
The EA includes a crucial margin check to prevent "not enough money" errors, ensuring safe trading on any account size.
Input Parameters
RSI Indicator Settings
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RSI_Period: The period for the RSI calculation.
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RSI_Applied_Price: The price used for the RSI (e.g., Close, Open).
Divergence Search Settings
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Lookback_Bars: The number of past bars the EA will analyze to find divergences.
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Min_Bars_Between_Extremes: The minimum number of bars required between two price peaks or troughs to form a valid divergence.
Trend Filter Settings
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UseMAFilter: Set to true to enable the Moving Average trend filter.
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MA_Timeframe: The timeframe for the MA filter.
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MA_Period: The period for the Moving Average.
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MA_Method: The MA calculation method (e.g., Simple, Exponential).
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MA_Applied_Price: The price used for the MA.
Entry Confirmation & Filters
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UseDailyTradeLimit: Set to true to limit the number of trades per day.
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MaxTradesPerDay: The maximum number of trades allowed in one day.
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UseCandleConfirmation: Set to true to require a confirmation candle of a certain size before entry.
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CandleSizeMultiplier: The size multiplier for the confirmation candle relative to the previous candle.
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MaxSpread_Pips: The maximum allowed spread in pips to open a trade.
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MaxSlippage_Points: The maximum allowed slippage in points for trade execution.
Trading Logic Mode
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Alternate_BuySell_Mode: If true , the EA will only look for a buy signal after a sell trade, and vice-versa.
Money Management
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MoneyManagementType: Choose between FIXED_LOT , RISK_PERCENTAGE , or AUTO_LOT_SCALING .
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Risk_Percentage: The risk per trade as a percentage of the account balance.
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FixedLotSize: The lot size to use if FIXED_LOT is selected.
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AutoLot_BaseBalance / AutoLot_LotStep: Parameters for the auto lot scaling calculation.
Trade Parameters (Pips)
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StopLoss_Pips: The stop loss distance in pips.
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TakeProfit_Pips: The take profit distance in pips.
Position Management
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UseBreakEven: Set to true to enable the automatic break-even feature.
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BreakEvenTrigger: The number of pips in profit needed to activate the break-even.
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BreakEvenLockPips: The number of pips to lock in ahead of the entry price.
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UseTrailingStop: Set to true to enable the trailing stop.
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TrailingStopTrigger: The number of pips in profit needed to activate the trailing stop.
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TrailingStopDistance: The distance in pips the trailing stop will maintain from the current price.
Display & Magic Number
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ShowDivergenceLines: Set to true to see the detected divergence lines on your chart.
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MagicNumber: A unique ID for the EA's trades, allowing it to run alongside other robots.