Automatic trend-following Expert Advisor. Completely based on technical analysis. It opens a position at matching entry points from the indicators Top Bottom, Keltner and trend line. Martingale is not used, but it can be enabled in the settings, if necessary.
Uses fixed stop loss and take profit, closes positions only by stop loss and take profit, and also by opposite signals. Automatically stops trading at the specified minimum deposit value (disabled by default). Works on the specified timeframe. Optimized for EURUSD M30. Very effective at trends, the effectiveness decreases during prolonged flats and high-impact news. Estimated profit per deal is from 20 to 80 points, depending on the timeframe. It works on 4 and 5-digit accounts.
It can be used on any instrument with significant liquidity.
Recommendations and requirements:
- minimum deposit - $200, leverage - 1:300, lot - up to 0.02
- timeframe: M15, М30, Н1, H4.
"i7 6700k" or a better CPU is required for a high-quality testing. DO NOT optimize on a history period greater than 2 years. It is recommended to perform optimization every 2-3 months for better profitability, but it is not required.
- Size_Lot - lot size
- Max_Size - the maximum lot size
- Add_lot - lot size to be added to the opened volume
- Magic_Num - magic number for the opened orders
- Min_Depo - the minimum deposit to disable trading
- Stop_Loss - stop loss
- Take_Profit - take profit
- Martin_Mult - martingale (default is "0.0" - disabled. "1.0" - multiplication by 1)
Top Bottom Price
- Vertical_Shift - vertical offset of the true High, Low price of each bar.
- Period_MA - trend line.
- Keltner_MA - period of the middle line of the channel
- Keltner_ATR - period of the ATR of the channel
- Keltner_ATR_Mult - ATR multiplier
The EA settings for new instruments will be periodically added.
1. Removed the volumes criterion, as it was not relevant at all DCs.
2. The EA is now able to open multiple orders if there is a repeated signal while there is an open order in the same direction.
3. Orders are now closed by Stop Loss\Take Profit, and also at opposite signals.
4. Added a trend line, which allows using the EA on smaller timeframes and avoiding entries on spikes. It searches for entry points for sell orders below the Keltner Сhannel. For buy orders - above the channel.
Add_Lot - lot size to be added to the opened volume.
Period_MA - trend line.