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.
- 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
- EA settings: use the default settings.
- Symbol: GBPUSD.
- Time-Frame: H1.
- Minimum deposit: $20 000.
If Lots = 0, percent of free margin Is used
Spread - the maximum spread for the EA operation
Period_ADX - ADX period
ADX_Level - ADX indicator level