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Trend pullback

The "Trend pullback" Expert Advisor uses two strategies: the first is price action strategy, and the second strategy is the accumulation and distribution strategy.


Trading strategy

The EA works in two modes:

If "Switch" = "1" the EA uses the price action strategy:

When the trend is up and the price pulls down by 50% percent or more from the size of the candle, once there is a return to the starting price from which the pull down took place then we have a buy signal. And vice versa for a sell signal.

If "Switch" = "0" the EA works with accumulation and distribution strategy:

When the trend is down and the price reaches to a pivot line (local minimum) and the volume is bigger than the nearby candles and the price pulls up by 50% percent or more from the size of the candle then we have a buy signal. And vice versa for a sell signal.

The "Trend pullback " Expert Advisor finds the trend with two Moving Averages and a distance between them to check volatility. It also has a special built-in algorithm that calculates the price rate of change within the smaller and higher timeframe in relation to the timeframe which you work with.


The "Trend pullback" Expert Advisor works only with open\close price of every bar!

You can work with or without trailing stop:

If "TralingStop" = 0, then the trailing stop loss will not work.

If "TralingStop" = values from 10 to 100, then the trailing stop loss will work.

With the "TrailingStop" the stop loss price level will change its position at the value in pips you set.

The Expert Advisor can work with any currency pair/stock.

The Expert Advisor can work with all timeframes (M1, M5, M15, M30, H1, H4, D1).

The Expert Advisor works on three different timeframes simultaneously.

You have the option to send a push notification to your phone, so it will ring for every trade.

You have the option to send a mail notification to your email, so it will let you know about every trade.

Trade volume of a position depends on previous trading results.

It provides the possibility to limit the maximum risk (in % of deposit) of the trade.

You can activate trailing stop.

Each deal is protected by stop orders (Stop Loss and Take Profit).


Parameters

  • Switch - When "Switch" = "1" pull back mode, when "Switch" = "0" accumulation and distribution mode.
  • Strategy:
    • If Strategy = "Trailing stop" - regular trailing stop loss.
    • If Strategy = "Martingale" - if you lose a trade next trade will be with multiplied lot size.
    • If Strategy = "Zone Recovery" - Zone recovery area hedging strategy.
  • Zone_Recovery_Area - Zone Recovery Area (in pips).
  • Multiply - lot multiplier for martingale strategy.
  • History - Amount of history bars for calculation, should be 10-50.
  • Period_MA_0 - Period of supporting MA for current timeframe, should be 1-50.
  • Period_MA_1 - Period of calculated MA, should be 1-50.
  • Bars_V - Amount of bars for calculating rate, should be 3-50.
  • Aver_Bars - Amount of bars for smoothing, should be 3-50.
  • K - Amplifier gain, should be 1-20.
  • Lots - minimum 0.1, maximum 1.
  • MaximumRisk - maximum risk from total margin in %, should be 0.01 - 0.3.
  • DecreaseFactor - decrease from total margin if you lose a trade.
  • TrailingStop - set a value from 10 to 100 to activate trailing stop, "0" will not activate trailing stop.
  • StopLoss - value of stop loss level, should be 10-100.
  • TakeProfit - value of take profit level, should be 10-200.
  • MACD_Threshold - filtering ending trends, should be 70 - 95.
  • Mom_Sell - value of sell trigger level of "Momentum" indicator, should be 0.1 - 3.
  • Mom_buy - value of buy trigger level of "Momentum" indicator, should be 0.1 - 3.
  • Momlength - value of "Momentum" indicator.
  • Distance - step in pips between two Moving Averages, should be 10 - 50.
  • FastMA - value of fast "Moving Average" indicator, should be 1 - 15.
  • SlowMA - value of slow "Moving Average" indicator, should be 20 - 100.
  • MagicNumber - different number for each pair/stock window that you open simultaneously.


Link to demo version:

https://www.mql5.com/en/market/product/28635

No reviews
Version 7.0 - 2018.06.19
The stop loss was activated only if the trade went in the right direction for some pips. Now it is activated and visible from the start. Also there is the new stop command that accepts the value of the "ATR" indicator for double guard. And now the EA uses volume to identify changes in the market.

3 new variables:
Strategy:
If Strategy = "Trailing stop" - regular trailing stop loss.
If Strategy = "Martingale" - if you lose a trade next trade will be with multiplied lot size.
If Strategy = "Zone Recovery" - Zone recovery area hedging strategy.
Zone_Recovery_Area - Zone Recovery Area (in pips).
Multiply - lot multiplier for martingale strategy.