Foyda EA 2

Operational Logic

The algorithm determines the trend by tracking the highest high and lowest low over a user-defined period. It establishes a median line and applies an Average True Range (ATR) offset to identify potential trend shifts. This approach aims to distinguish between minor price fluctuations and significant trend changes.

Key Features

• Trend Identification: Uses price action and range analysis to define the current trend direction.

• Volatility Adaptation: Incorporates the ATR indicator to adjust signal sensitivity based on current market conditions.

• Risk Management: Includes automated functions for Stop Loss and Trailing Stop based on ATR values to manage open positions.

• Signal Customization: Offers two distinct signal modes (Type A and Type B) and an optional EMA smoother for price data.

• Time Management: Features a date range filter to limit trading activity to specific periods.

Parameters

• Trend Period: The number of bars used to calculate the price range.

• ATR Multiplier: A coefficient used to set the distance from the median line for signal generation.

• EMA Smoother: Option to apply an Exponential Moving Average to the source price.

• Stop Loss (ATR): Distance for the protective stop-loss order.

• Take Profit (ATR): Distance for the protective take-profit order.
  

• Trailing Stop (ATR): Distance for the dynamic trailing stop-loss order.

Usage Recommendations

For optimal performance, this Expert Advisor is typically used on timeframes such as H1 or H4. It can be applied to various financial instruments, including major currency pairs and commodities. It is recommended to evaluate the EA settings in the Strategy Tester to understand its behavior before applying it to a live trading environment