Bomba Trend is a trend Expert Advisor with smart stop loss. The EA is almost always in the market. Perfectly copes with trend movements, taking maximum from the market. Due to the built-in filters, it behaves well during flat, cutting off false entries and exits.
Working timeframe M 15. EURUSD currency pair.
To get a good profit we recommend using the EA for a long period of time - more than one year.
To work on this timeframe with EURUSD, use the default settings. The recommended minimum deposit is $ 500. If the deposit is less than 500, then place orders in the size of 0.01 lot. Select the volume based on your deposit (the recommended volume is indicated below).
The Expert Advisor works on any accounts: netting, hedging, and exchange. The presented test results were conducted on an Exness brokerage account.
You can enter a deal from 1 to 3 orders (positions). But if you want to take the whole trend movement it is recommended to enter the market using 3 orders. After the first take profit, a breakeven is set. If you specify 2 take-profit less than 1 take-profit in the settings, then breakeven is set after 2 take-profit. You can also choose an option - use or not use breakeven at all.
If you enter 0 values in the third take profit, then the deal on the third order will last until the reversal. You can also do this with 1 and 2 orders. When the color of the trend indicator changes (except for the cases provided by the built-in filters), all deals are closed and opened in the opposite direction. Trailing stop is not provided separately, as the trend indicator itself is a trailing stop, since all trades are closed when the trend (color) changes.
In Bomba Trend, you can use or not use stop loss. We recommend using stop loss. The Expert Advisor provides two stop loss options. The first option is a fixed stop loss at a distance of a specified number of pips from the trade entry. The second option is a smart stop loss, which is placed for the maximum or minimum of the number of previous candles specified in the settings.
The default settings use the following settings:
1. Entering the market with three orders;
2. Smart stop loss is used;
3. Setting a breakeven after the first take profit;
4. The third order has a value of 0 in the third take profit - this means that it will last (trail) until the reversal, ie. take maximum movement.
Recommended order volume for a Deposit of 1'000 USD:
For normal work: 1 order 0.05 lot; 2 order 0.03 lot, 3 order 0.03 lot
For aggressive work: 1 order 0.05 lot; 2 order 0.05 lot, 3 order 0.05 lot
For safe work: 1 order 0.04 lot; 2 order 0.02 lot, 3 order 0.02 lot
Filter inputs by VMASDL colors - the value must always be on;
Number of positions - the number of open orders (positions);
First take profit in pips - the distance to the first take profit in pips;
Second take profit in pips - distance to the second take profit in pips;
Third take profit in pips - distance to the third take profit in pips;
Lots for the first position - order volume for the first position;
Lots for the second position - order volume for the second position;
Lots for the third position - order volume for the third position;
Stop loss type - select the type of stop loss;
Stop loss value (relative to the type) - indicates the value of the fixed stop in pips or the number of candles for the set stop loss.
Breakeven - use or not use break-even;
Breakeven value in pips - the distance in pips at which the break-even value is set from the entry point;
Slippage in pips - the maximum allowable slippage in pips.
By purchasing this advisor the buyer agrees that the seller does not guarantee the mandatory receipt of profit and is not responsible for the loss of money by the buyer when using this advisor.
What improvements: now, when installing an advisor on the chart, the indicators used by the advisor will be immediately displayed. This gives you the opportunity to observe the work of the advisor and understand why it opens trades, how an open position is trailed, for what reason it closes and reverses. Indicators are embedded in the EA and you do not need to separately install them in your terminal.