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Simple Trader Expert

This Expert Advisor does not have sophisticated settings and algorithms for performing trade operations. Its optimizations does take a lot of time, which will be useful for those who started trading with experts only recently. Its operation is based on a moving average. Despite its simplicity, it has a customizable trailing stop feature (with a selection of different options), which can be used for trading with a small part of the deposit risked.

Input parameters

  • Lots - lot size (if 0, the lot volume is calculated based on the % of account free margin).
  • Percentage of free money - percentage of free margin to open each new trade (applicable when Lots=0).
  • MaxSpread - the maximum spread for opening trades (on the accounts with floating spread, for the trade to open when the spread is not too large).
  • Magic - unique identifier (use different magic numbers if multiple Expert Advisors run in your terminal).
  • TakeProfit - take profit in points.
  • StopLoss - stop loss (in points).
  • TrailingStopValue - trailing stop value in points.
  • TrailingAfterBreakeven - set trailing stop only after it is in a breakeven.
  • TrailingMode - trailing stop operation mode (normal, by Parabolic, by Fractals, by Moving Average).
  • ParabolicStep - step of the Parabolic SAR indicator (used only for trailing stop by Parabolic).
  • ParabolicMaximum - the maximum step of the Parabolic SAR indicator (used only for trailing stop by Parabolic).
  • MovingAveragePeriod - period of the Moving Average.
  • MovingAverageMethod - smoothing method of the Moving Average.
  • MovingAveragePrice - price for calculation of the Moving Average (for example, bar Close or Open price).
  • OrderComments - comments to opened orders.
  • TradeEveryTick - trade each new tick (slows down optimization, but may improve profit in real trading).
  • AdxPeriod - ADX period.
  • MinAdxLevel - ADX indicator minimum level.
  • MaxAdxLevel - ADX indicator maximum level.
  • Trading start hour - trading start hour.
  • Trading end hour - trading end hour.

Examples of settings are provided in the "Comments" section. Do not forget to optimize the parameters before trading with the EA, and after some time.

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