Trendoscope expert 4
Trendoscope expert 4 is based on the custom indicator Trendoscope 4.
Entry points are determined using Trendoscope 4 values. Positions are closed when reaching specified profit and loss levels.
- Period - Period parameter of the indicator Trendoscope 4;
- Mode - operation mode of the Expert Advisor (0-5);
- Stop Loss - loss fixing level in points;
- Take Profit - profit fixing levels in points;
- Fixed Lot - fixed lot value;
- Variable Lot - variable lot as a percentage of the free margin.
The screenshots demonstrate the backtesting results. The backtesting was conducted for the period from 2013.01.07 to 2013.12.28 on EURUSD and M30 timeframe using the "Every tick" option. The Expert Advisor was set to a fixed lot of 0.1, stop loss of 500 points and take profit of 350 points. The Period was 12, the mode was 3 and spread was 20.
It allows using several EAs on the same account simultaneously or trade manually while using the EA (Magic Number of orders placed manually is zero).