Aroon Voyager
- Experts
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Worapong Longwong
MQL5 developer specialising in Expert Advisors, indicators and trading utilities for MetaTrader 5, with a focus on gold (XAUUSD) and major forex pairs.
- 30+ products published on the MQL5 Market (Expert Advisors, utilities and indicators), all passing Market validation. - Version: 1.0
- Activations: 5
Trend EA: enters when Aroon Up crosses Aroon Down (or the reverse) with the leading line above a strength level, optionally filtered by a trend EMA.
Aroon Voyager is a fully automated Expert Advisor for MetaTrader 5 - Aroon crossover trend entries. Measures how recently price made new highs or lows - and follows the side that is winning. It is designed for XAUUSD (gold) and also runs on forex majors such as EURUSD and GBPUSD.
How it trades
- Aroon (default 25 bars) is calculated inside the EA: Aroon Up = how recently the highest high was made, Aroon Down = how recently the lowest low was made.
- Entry - Aroon Up crosses above Aroon Down on the last closed bar and is at or above the strength level (default 70) for buys; the mirror for sells.
- Trend filter - optional: buys only above the trend EMA, sells only below it.
- Stop-loss at an ATR distance (default 2.0 x ATR), take-profit at an R-multiple (default 2.5R, 0 = none).
- Trailing and exit - ATR trailing stop (0 = off), and the trade is closed when Aroon crosses back the other way.
Risk management (built in)
- Every trade is opened with a stop-loss. There is no martingale, no grid and no averaging down.
- Position size from risk % of equity (default 1%) or a fixed lot; lots are normalised to the broker's min / max / step and reduced if free margin is not enough.
- Daily loss limit: no new trades for the rest of the day once equity is down the set % from the day-start equity.
- Max spread filter, optional trading-hours filter, and no orders while the market is closed or trading on the symbol is disabled.
- Stop-loss / take-profit are always placed outside the broker's stops and freeze levels.
- Works on hedging and netting accounts (on netting accounts it opens only when the symbol has no other position).
- One position at a time per magic number; signals are evaluated once per closed bar (no repainting).
Inputs
| Input | Default |
|---|---|
| Signal timeframe | H1 |
| Aroon period (bars) | 25 |
| Leading Aroon line must be at least this | 70.0 |
| Trade only with the trend EMA | true |
| Trend EMA period | 100 |
| ATR period | 14 |
| Stop-loss distance (x ATR) | 2.0 |
| Take-profit (R multiple, 0 = none) | 2.5 |
| ATR trailing distance (0 = off) | 3.0 |
| Close when Aroon crosses back | true |
| Risk per trade (% of equity), used when Fixed lot = 0 | 1.0 |
| Fixed lot (0 = size from risk %) | 0.0 |
| Maximum lot per trade (0 = broker maximum) | 10.0 |
| Daily loss limit (% of day-start equity, 0 = off) | 3.0 |
| Max spread (points, 2-digit gold scale: 100 = 1.00 USD; 0 = off) | 50 |
| Max slippage (points, same scale) | 30 |
| Trade only inside the hours below | false |
| Trading start hour (server time, 0-23) | 1 |
| Trading end hour (server time, 0-23) | 22 |
| Show status panel on the chart | true |
| Magic number (change it to run several instances on one symbol) | 26102211 |
Recommended
- Symbol / timeframe: XAUUSD on the default timeframe shown above; also forex majors. Test other timeframes in the Strategy Tester first.
- Account: hedging or netting, any deposit that allows the broker's minimum lot with a sensible risk %.
- VPS: recommended for uninterrupted operation.
Important notes
- No trading system can guarantee profit. Past performance, in the tester or live, does not guarantee future results.
- Always test the EA in the MetaTrader 5 Strategy Tester and then on a demo account before using real money, with your broker's own data and spread.
- Hours are in your broker's server time.
- Start with a low risk % and use money you can afford to lose.
