Tomgoodcar Anglosaxon

EA Description: TOMGOODCAR ANGLOSAXON

TOMGOODCAR ANGLOSAXON is an automated trading solution developed for MetaTrader 5, designed to identify and execute trades based on a combination of trend-following and mean-reversion principles.

Strategy Logic

The Expert Advisor (EA) operates using a multi-layered analytical approach:

• Trend Identification: Utilizes dual Exponential Moving Averages (EMA) to establish the primary market direction. The system is programmed to trade only in alignment with this identified trend.

• Volatility Entry: Incorporates Bollinger Bands to detect price deviations. Entry signals are generated when price movements interact with the volatility bands, signaling potential pullbacks within the established trend.

• New Bar Execution: To maintain signal integrity and reduce high-frequency noise, the EA is optimized to evaluate and execute trades only upon the completion of a candle (New Bar).

Risk & Trade Management

• Recovery System: The EA features a distance-based grid mechanism. When a trade moves against the initial entry, the system can manage the position through a structured averaging process.

• Basket Profit Target: All open positions are managed as a single "basket." The EA monitors the net profit, including commissions and swaps, and automatically closes the entire basket once the user-defined target is reached.

• Dynamic Volume Control: Includes internal algorithms to ensure all lot sizes comply with broker-specific constraints, including minimum/maximum volume and step requirements.

Technical Specifications

• Account Type: Optimized strictly for Hedging accounts.

• Timeframe: Designed for lower timeframes (e.g., M5), but configurable based on user requirements.

• Currency Pairs: Suitable for major pairs and Gold (XAUUSD).

User Guidance

Users are encouraged to perform their own optimization and forward-test the EA on a demo account. Broker conditions such as spreads and execution latency can significantly affect performance. It is important to adjust the risk parameters, including lot size and maximum order limits, in accordance with your individual capital management strategy.

Author: Thanakhon Khotmit Brand: TomGoodCar