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EURUSD Trend EA

This EA captures short-term trends for the EURUSD currency pair. It makes use of a combination of trend and volatility indicators set in the hourly (HI) timeframe. When it identifies a new trend, it automatically sets a stop loss and target profit price for you, limiting your trading risk and avoiding high floating losses. It also automatically adjusts your lot size as your account balance increases or decreases.


Advantages

Uses money management


Requirements

  • Optimized for EURUSD H1 time frame
  • $1000 minimum deposit


Parameters

  • StopLoss - stop loss level in pips
  • Take Profit - take profit level in pips
  • TrailingStopType - trailing stop number of shifts
  • TrailingStop - trailing stop in pips;
  • FastMAPeriod - fast moving averages period
  • FastMAType - fast moving average averaging method
  • FastMAPrice - fast moving average applied price
  • FastMAShift - fast moving average
  • SlowMAPeriod - slow moving averages period
  • SlowMAType - slow moving average averaging method
  • SlowMAPrice - slow moving average applied price
  • SlowMAShift - slow moving average
  • ConfirmedOnEntry - if true, enters one bar after the buy/sell signal; if false, enters immediately if signals buy/sell
  • OneEntryPerBar - number of allowed entries once per bar
  • Slippage - number of allowed slippage
  • MaxOpenTrade - maximum number of open trades
  • Lots - number of lots
  • MM - if true, uses money management; if false follows the number of lots declared above
  • Risk - risk percentage if MM is true
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