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GegaTrend

Gegatrend EA is a cost averaging system with a sophisticated algorithm.

It is secured by a built-in “News WatchDog” that suspends trading during news events.

For full description: https://www.mql5.com/en/blogs/post/711269

Watch how it works: https://youtu.be/j17AR3uq6yI


Parameters

  • SR timeframe long — timeframe for support/resistance leveling long direction.
  • SR distance long — minimum distance in pips between long trades.
  • SR level long — the number of trades to start using SR levels for long direction.
  • SR timeframe short — timeframe for support/resistance leveling short direction.
  • SR distance short — minimum distance in pips between short trades.
  • SR level short — the number of trades to start using SR levels for short direction.
  • EAWorkMode — switch between BacktestMode or LiveMode.
  • DrawingOn — show past news on chart.
  • ShowDashboard — show statistics on chart.
  • ShowBalance — show balance on chart.
  • GMTOffSetOfBroker — the GMT offset between your broker and GMT time.
  • Trade comment — a comment to trades.
  • MagicNumber — trades ID.
  • MoneyManagement — FixedLot/UseMM. Use fixed lot to trade or money management.
  • Start Balance — the balance to use when MoneyManagement is chosen.
  • LotSize — lot size.
  • Risk — percent of the start balance to use for trading.
  • TradingDirection — the direction you wish to trade.
  • MaxSpread — maximum spread to allow trades.
  • PauseLong — pause long trades in case a long trade or basket of trades are being managed. The EA will continue managing until the trade/basket is closed then “Pause”.
  • PauseShort — pause short trades in case a short trade or basket of trades are being managed. The EA will continue managing until the trade/basket is closed then “Pause”.
  • PauseFollowLong — pause leveling (adding more trades) for long trades.
  • PauseFollowLong — pause leveling (adding more trades) for short trades.
  • TakeProfitLong — take profit for long trades.
  • TakeProfitShort — take profit for short trades.
  • Use_SL — true/false.
  • Stop by money Long — stop loss for long direction (percent).
  • Stop by money Short — stop loss for short direction (percent).
  • List of symbols for news filter — currency symbols to choose for filtering the news. Example: USD,EUR,GBP,CHF,CAD,AUD,NZD,JPY.
  • Show lines for news in the past — show old news on chart (slows backtesting).
  • Pause Long before a critical news — minutes to pause before a critical news.
  • Pause Long after a critical news — minutes to pause after a critical news.
  • Pause Long before medium news — minutes to pause before a medium news.
  • Pause Long after medium news — minutes to pause after a medium news.
  • Pause Long before a low news — minutes to pause before a low news.
  • Pause Long after a low news — minutes to pause after a low news.
  • Pause Short before a critical news — minutes to pause before a critical news.
  • Pause Short after a critical news — minutes to pause after a critical news.
  • Pause Short before medium news — minutes to pause before a medium news.
  • Pause Short after medium news — minutes to pause after a medium news.
  • Pause Short before a low news — minutes to pause before a low news.
  • Pause Short after a low news — minutes to pause after a low news.
  • PauseAfterLevelOrdersLong — level to pause for long trades.
  • PauseAfterLevelOrdersShort — level to pause for short trades.
  • DrawdownInCash — amount that you wish to receive push notification when it is reached.
  • SendPushNotificationOnDD — send push notification about your drawdown.
  • StartTradingInMondayTime — time to start trading on Mondays.
  • EndTradingInFridayTime — time to stop trading on Fridays.
  • PauseBasketOnNews — pause adding levels when news event happen.
  • MinBarDistanceLong — minimum bars to allow a long level.
  • MinBarDistanceShort — minimum bars to allow a short level.
  • UseMAfilterLong — moving average filter for long direction enable/disable.
  • MAperiodLong — moving average period for long direction.
  • MAlevelLong — moving average level to allow Long direction (in points).
  • UseMAfilterShort — moving average filter for short direction enable/disable.
  • MAperiodShort — moving average period for short direction.
  • MaShortPips — moving average level to allow short direction (in points).

In order for the "News WatchDog" Feature to function, you should check box “Allow WebRequest” and add “http://news1.gegatrade.com” into your WebRequest URL list

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