Vanigan

Strategy Description: Vanigan EA

This expert advisor implements a sophisticated trading strategy centered around the Super trend indicator, enhanced with multiple filters and risk management protocols. Here's a comprehensive breakdown:

Core Components

1. Supertrend Indicator:

   • Calculates dynamic support/resistance levels using ATR (Average True Range)

   • Generates signals when price crosses the supertrend line

   • Uses trend continuation logic for entries during established trends

2. Triple-Filter System:

   • Time Filter:

     • Analyzes 30-day historical performance (H1 data)

     • Only trades during top 3 highest-performing hours (UTC)

     • Automatically recalculates best hours daily at midnight

   • Volatility Filter:

     • Requires current ATR > 20-period ATR SMA

     • Ensures sufficient market movement

   • Volume Filter:

     • Requires current tick volume > 20-period volume SMA

     • Confirms market participation

3. Risk Management:

   • Position sizing based on % equity (default: 2%)

   • Stop loss (4%) and take profit (1%) as percentage of entry price

   • Margin requirement validation before trade execution

   • $50 minimum account balance safeguard

   • Risk limiter (max 1.5x intended risk)

4. Exit Mechanisms:

   • Automatic trend reversal exit

   • Optional end-of-hour exit (EOHExit)

   • Hard stop loss and take profit levels

Optimal Settings (EURUSD M15 Recommended)

Filter Recommendations:

UseVolatilityFilter = true UseVolumeFilter = true UseTimeFilter = true EnableLong = true EnableShort = true