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Trend NRTR

This is a trend-following Expert Advisor based on a well-known indicator NRTR by Konstantin Kopyrkin.

The EA opens a position in the direction of a trend and gradually exits it trying to close a position at the best price.

The EA has no limitations by profit fixing level (TakeProfit), positions are closed according to MFI indicator. This allows for averaging a position closing level and exiting it by the price most close to the target one.

The universal algorithm works on all symbols after a preliminary optimization. The product shows similar results on all other trading platforms as well.


Parameters

  • StopLossB - stop loss for BUY orders as a percentage of Open price
  • StopLossS - stop loss for SELL orders as a percentage of Open price
  • Lots - lot size to start trading
  • LotClose - volume of partial closing, optimized simultaneously with Lots
  • Spread - the maximum spread for the EA operation
  • Percent - if Lots is set to zero, a percentage of free margin is used for calculating lots
  • CloseProfit_SELL - volume multiplier when closing positions by the indicator
  • CloseProfit_BUY - volume multiplier when closing positions by the indicator
  • CloseP - ratio for CloseProfit for trends
  • Revers - ratio for CloseProfit for reversing open positions
  • PerATR_NRTR - ATR period for NRTR indicator
  • PerATR_NRTR_Revers - ATR period for NRTR for a position reversal
  • MFI_Open_Period - MFI period for opening positions
  • MFI_Open_Level_Up - upper MFI level for opening positions
  • MFI_Open_Level_Down - lower MFI level for opening positions
  • MFI_Close_Period - MFI indicator period for closing positions
  • MFI_Close_Level_Up - upper level of MFI for closing positions
  • MFI_Close_Level_Down - lower MFI level for closing positions
  • MFI_Buy_Period - MFI indicator period for re-buying positions up to the initial lot (Lots)
  • MFI_Buy_Level_Up - MFI indicator upper level for re-buying positions up to the initial lot
  • MFI_Buy_Level_Down - MFI indicator lower level for re-buying positions up to the initial lot
  • Period_ADX - period of the ADX indicator
  • ADXW_Level_Down - lower level of the ADX indicator
  • ADXW_Level_Up - upper level of the ADX indicator
  • Slip - slippage in points
  • Magic - magic number


Recommendations

  • EA settings: use the default settings.
  • Symbol: GBPUSD.
  • Time-Frame: H1.
  • Minimum deposit: $20 000.
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Version 1.3 2018.06.28
Added Percent parameter
If Lots = 0, percent of free margin Is used
Version 1.2 2018.05.04
Version 1.2

Removed parameters:
Revers
CloseFlat
kATR_NRTR
kATR_NRTR_Revers
MFI_Revers_Period
MFI_Revers_Level_Up
MFI_Revers_Level_Down
MFI_Flat_Period
MFI_Flat_Level_Up
MFI_Flat_Level_Down

Added parameters:
Spread - the maximum spread for the EA operation
Period_ADX - ADX period
ADX_Level - ADX indicator level
Version 1.1 2018.04.05
Added the ability to limit the maximum spread size to work with brokers that provide quotes with a floating spread.