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Expert Advisor DetectTrend5 - v3.5 for MT5 The Expert Advisor is capable of working on netting and hedging account types. Designed for use in the MetaTrader-5 environment on the Forex market, but will work on stock and commodity instruments. At the same time, it issues a warning about the caution of use. The EA detects a trend change and generates a trading signal. In this case, the opposite positions opened by this instance of the Expert Advisor are liquidated, and the temporary loss is
The Expert Advisor is able to trade on any financial instruments quoted in MetaTrader 4. To ensure this, it is necessary to monitor the correctness of settings. The trading logic is based on a series of pending orders. The full traded lot is composed of numerous small lots. Complex lot allows for a more precise control of the risk of the position volume, entering the market in parts. The advantage of the system of pending orders is that order trailing allows opening deals at more favorable
What does "Trailing Pip Distance of A" mean?
In the case of a "Buy STOP" order, does it mean that the value of the pending order (Buy Stop) is automatically modified as the price exceeds the "buy stop pip distance A" and continues to increase pip to pip?
The EA distinguishes a sideways trend from a directional one and changes its trading tactics. When an opposite signal appears, an opposite order is opened, covering the opposite ones. And changes the parameters opposite to close. The Expert Advisor is intended for trading only on foreign exchange market FOREX. Does not work on stock and commodity instruments. Recommended for use on variable periods M5, M15 and H1. ADVISOR PARAMETERS: ID Expert Advisor - Magic number of the advisor. period FAST