SmartTrend EA
- Experts
- Versão: 1.10
- Ativações: 5
SmartTrend EA is a rule-based Expert Advisor for MetaTrader 5, built for AUDCAD on the M15 timeframe.
How it works
The EA evaluates closed bars only and opens one position at a time.
- Entry: four conditions must agree. The Commodity Channel Index (period 7) changes direction, the 11-period and 36-period simple moving averages are in the required order, the Directional Indicators (+DI/-DI, period 8) cross, and the lips line of the Alligator (31/11, 25/30, 3/10) confirms the direction.
- Exit: a fixed Stop Loss and Take Profit, plus an early exit when the teeth line of a second Alligator (52/10, 32/6, 6/5) crosses its jaw line.
Default settings
- Symbol / timeframe: AUDCAD, M15
- Entry lots: 0.50 (fixed)
- Stop Loss: 150 pips, Take Profit: 57 pips
- Magic Number: 54878084
The Take Profit is much smaller than the Stop Loss, so a high share of winning trades is needed to stay positive. One losing trade can cancel several winning ones.
Inputs
Entry_Amount, Stop_Loss, Take_Profit, Ind0Param0-1 (CCI period, level), Ind1Param0-1 (fast and slow MA periods), Ind2Param0 (DI period), Ind3Param0-5 and Ind4Param0-5 (Alligator jaws, teeth and lips periods and shifts), Magic_Number.
What it does not do
No martingale, no grid, no averaging, no hedging, no trailing stop, no news filter, no DLL.
Before you use it
Parameters were fitted on AUDCAD M15 history only. Download full AUDCAD history and test the EA in the Strategy Tester with real ticks and your broker's spread and commission, then on a demo account. The default lot of 0.50 is large for small accounts; choose a lot that fits your own risk limit.
Risk notice
Trading Forex involves risk of loss. Strategy Tester results are simulations and do not represent live trading or future performance.
