Trend Chaser

The Expert Advisor opens a trade in the specified direction at the specified time. If the price moves in the profit direction, additional trades are opened after a preset step. Trade are closed by a Stop Loss or upon reaching a target profit.

The Expert Advisor trails the stop loss order, and is provided with multiple breakeven and trade closing functions (See the description of the parameters).

Test and optimize the EA in the Tester using M1 open prices.

The EA parameters can be controlled via a panel.


You should use these inputs;

  • Lot size - the volume of the open position;
  • Start hour – the time of the first sentry, hour (from 0 to 23);
  • Step (pips) – the step for placing trades in the trend direction;
  • Start with – start trading from buying or from selling;
  • Maximum deals - maximum number of open deals at a time;
  • Take profit - the take profit value;
  • Stop loss - the stop loss value;
  • Start trailing if profit > (pips) - trail stop loss if position profit exceeds the preset value;

BREAKEVEN parameters

  • Set breakeven after bars - move a trade to breakeven after a certain time since its opening;
  • Set sl to breakeven if loss > (pips) – move the stop loss of a trade to breakeven if its loss exceeds the specified value;
  • Set tp to breakeven if profit > (pips) - move the take profit of a trade to breakeven if its profit exceeds the specified value;
  • Close all deals by breakeven - close all trades upon reaching breakeven;

DEALS CLOSING – trade closing algorithm

  • Close deals if total loss > (%) - close all trades if the total loss exceeds the preset value;
  • Close deals if total profit > (%) – the same for profit;

GRAPHIC PARAMETERS – visualization parameters for additional information

  • Show deals results – show the trade results on the chart;
  • Show cute panel – show the control panel;

OTHER PARAMETERS

  • Slippage (pips) - allowable slippage value;
  • Magic number - magic number of trades;
  • Write this string as a deal's comment - write this line to the comment.
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Lachezar Krastev
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FOREX MEGA SALE! 50% OFF! Buy WallStreet GOLD Trader with a huge –50% discount ! Promo Price: $217 (Regular Price: $447 — You Save $230!) Act now before this deal ends! WallStreet GOLD Trader Live Results:  https://www.mql5.com/en/signals/2389404 WallStreet GOLD Trader is a professional Expert Advisor designed specifically for trading Gold (XAUUSD) . Its trading concept is based on the core principles behind the WallStreet trading technology — a straightforward but powerful approach focused o
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Quantum King EA — Intelligent Power, Refined for Every Trader IMPORTANT! After the purchase please send me a private message to receive the installation manual and the setup instructions. Special Launch Price Live Signal:   CLICK HERE MT5 version : CLICK HERE Quantum King channel:   Click Here ***Buy Quantum King MT4 and you could get Quantum Queen X or Quantum Athena X or Quantum Commander or Quantum Emperor or Quantum Baron or Quantum OmniGold or Quantum StarMan for free !*** Ask in
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The indicator reads the current spread and displays it on the chart. The maximum value, the minimum value, the value at the time of opening the bar and the maximum value divided by 10 are displayed separately.  The indicator does not remember these values so the data will be lost if there is a change in the timeframe. The indicator is useful for analyzing market volatility, comparing the spread between brokers and different types of accounts. By default: Red line - maximum spread; Green bar -
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This EA trades support/resistance levels which were placed by a trader (Trend Line from toolbar). The direction of a trade is set graphically by arrows: ↑ - buy; ↓ - sell; - buy or sell in case of crossing support/resistance level. The level is off if inconsistent directions were set, like: ↑↓, ↑, or ↓. If the price is lower than a level it is a resistance level. And opposite is true for support level. There are a few methods available for levels defining, for testing with visualization as
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The indicator analyzes the change in the minimum and maximum prices of the previous bars fixing the entrance of the big players. If the change (delta) increases, a signal is displayed on the graph in the form of an arrow. At the same time, virtual trade on history is carried out. In case of a repeat of the signal, the positions are increased (refilling). Thus the lot of positions can differ. The results of virtual trading in the form of losses / losses, profitability, drawdown and transaction li
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