Trendoscope expert is based on the custom indicator Trendoscope.
Entry points are determined using Trendoscope values. Positions are closed when reaching specified profit and loss levels.
- Period - Period parameter of the indicator Trendoscope;
- Mode - operation mode of the Expert Advisor (0-5);
- Stop Loss - loss fixing level in points;
- Take Profit - profit fixing levels in points;
- Fixed Lot - fixed lot value;
- Variable Lot - variable lot as a percentage of the free margin.
The screenshots demonstrate the backtesting results. The backtesting was conducted for the period from 2013.07.07 to 2013.09.21 on EURUSD and M30 timeframe using the "Every tick" option. The Expert Advisor was set to a fixed lot of 0.1, stop loss of 400 points and take profit of 300 points. The Period was 35 and the mode was 3.