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Trend daily trader

The Trend daily trader Expert Advisor is based on the Moving Average indicator and is designed for trading XAUUSD (daily timeframe). It can be optimized for any other currency pair.

Orders are opened when the trend is confirmed. Orders are closed when the trend changes and when a new order is opened in the opposite direction, therefore, the EA always has only one active order.


Advantages

  • Always keeps one deal open.
  • Automatic stop loss.
  • Martingale and averaging are not used.
  • Optimal parameters for the daily timeframe.


Recommendations

  • Currency pair: XAUUSD.
  • Timeframe: D1.
  • Optimization: Optimization is required prior to trading.
  • Trading: Transferring to breakeven is recommended before the release of high-impact news.


Settings

  • Lot - lot size.
  • TrailingStop - dynamic stop loss in points (0 = no dynamic stop loss).
  • Trend_detecting_period - period for the moving average indicator.
  • Flat_channel_height - range for setting the sideways (flat) price channel to avoid opening new order too close to existing one (filtering of the "market noise"). The recommended value for XAUUSD D1 = 0.5
  • MovingAverage_method - moving average calculation method:
    • Simple.
    • Exponential.
    • Smoothed.
    • Linear Weighted.
  • MA_price_type - price type:
    • Close price.
    • Open price.
    • High price.
    • Low price.
    • Median price.
    • Typical price.
    • Weighted price.
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Version 1.1 - 2018.01.31
Added Magic number.