Trends Radar
- Experts
- Versão: 1.0
- Ativações: 5
Overview
Trend Radar is an Expert Advisor (EA) for MetaTrader 4 that opens trades based on a proprietary price-channel analysis model, filtered by slope angle and corridor width. The EA combines clear signal logic with flexible risk management and full control over every stage of trade management — from entry to trailing stop.
How It Works
- Channel analysis. The EA builds a price channel from the last SignalBarCount bars and determines its overall direction.
- Slope filter. The channel's slope angle is compared against the EntrySlopeAngle threshold — a signal is considered further only when the move is sufficiently pronounced.
- Entry corridor. A working corridor is built around the channel's center line: its width is set by SignalCorridorWidth , while its sensitivity to price deviation is set by the EntryDeviationFactor coefficient. This filters ordinary noise from a meaningful breakout beyond the channel.
- Dynamic correction. The StepCorrectionValue parameter adjusts the corridor's position to the instrument's current volatility on every step, keeping the signal model relevant during both acceleration and slowdown of price movement.
- Market entry. When price crosses the corridor boundary in the direction of the channel's slope, the EA opens a position with a size calculated by the selected risk mode.
- Trade management. The position is managed with fixed ProfitTargetPoints / LossLimitPoints levels, switching to a trailing stop once TrailStartPoints is reached, stepping by TrailStepPoints .
- Series control. The optional Protections mechanism tightens stop levels if a trade series runs long — an additional safeguard against the buildup of open risk (0 — off).
Key Features
- Flexible risk management. Fixed lot ( ManualLotVolume ) or automatic sizing from a percentage of balance ( RiskPercentOfBalance ), with a cap on simultaneous orders in a series ( MaxSeriesOrders ).
- Precise exit configuration. Separate parameters for take-profit, stop-loss, trailing start, and trailing step, all in points.
- Proprietary signal logic. A combination of channel slope, deviation coefficient, and corridor width — filtering noise and reacting to structural price moves.
- ECN account compatibility. Requote limit and an ECN mode flag for correct operation on ECN/RAW accounts.
- Transparent configuration. All parameters are grouped into logical blocks (general, risk, points, signal) — no hidden files or settings outside the product page.
Settings Overview
Bot Setting — magic number, order comment, requote limit, and ECN mode flag.
Risk Setting — lot sizing method (manual or percentage of balance) and the maximum number of orders in a series.
Points Setting — take-profit and stop-loss targets in points, plus trailing start and step parameters.
Signal Setting — number of bars for signal analysis, entry slope angle, deviation coefficient, corridor width, and step correction value.
Usage Recommendations
- Test the EA in the Strategy Tester on historical data for your instrument.
- Tune the signal block parameters to match the volatility and timeframe you plan to trade.
- Run the EA on a demo account to verify its behavior under current market conditions.
- Set a risk level you're comfortable with via RiskPercentOfBalance or ManualLotVolume .
Risk Disclaimer
Trading financial markets involves the risk of capital loss. Past performance in backtests does not guarantee similar results in the future. Before using this EA on a live account, be sure to test it on a demo account and confirm that its logic fits your own risk-management strategy.
