Trend NRTR MT5
This is a trend-following Expert Advisor based on a popular indicator NRTR by Konstantin Kopyrkin.
When a trend signal appears, the EA starts opening positions with the minimum lots, constantly increasing the position volume. This allows you to reduce losses with a false signal.
Positions are closed according to signals from the MFI indicator. Closure is gradual, which allows for averaging a position closing level and exiting it by the price most close to the target one.
When the trend continues, the position volume is increased up to the set TotalLots or Percent, while using a percentage of free margin.
- TimeFrame - the EA operation period
- StopLossB - stop loss for BUY orders as a percentage of Open price
- StopLossS - stop loss for SELL orders as a percentage of Open price
- OpenLots - lot size to start trading
- Percent - if TotalLots is set to zero, a percentage of free margin is used for calculating lots
- TotalLots - total volume of all positions
- LotClose - volume for partial closing of positions
- 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
- 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 (TotalLots)
- 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_Open - period of the NRTR indicator for opening positions
- Period_Revers - period of the NRTR indicator for closing current positions and opening opposite ones
- Period_ADXW - period of the ADXW indicator
- ADXW_Level_Down - lower level of the ADXW indicator
- ADXW_Level_Up - upper level of the ADXW indicator
- Slip - slippage in points
- Magic - magic number
- EA settings: use the default settings.
- Symbol: GBPJPY.
- Timeframe: M30.
- Minimum deposit: $5 000.