Trendy Trader EA
Put simply when price moves above the average it signals a bullish trend and when price moves below the average it signals a bearish trend. It will then place execution orders automatically for you on the exact same signals that Trendy Trader indicator gives.
Features :
Has 3 stop loss settings :
VarATR – This will adjust the stop loss distance according to the value of average true range
and adjust the take profit 1 and take profit 2 according to the setting in inputs. EG 0.2 = 20% of stop loss
Fixed – It will simply place the stop loss and 2 take profit levels on the inputed values
No Stop Loss – This will purely relly on the trend direction and open buy orders when trend is bullish
and open sell orders when trend is bearish. RECOMMENDED
Higher Timeframe Setting – This will only allow trade buy or sell if the higher timeframe agrees with current timeframe
Panel – Includes a main panel showing you at a glance some useful results of trades
Not broker sensitive – Unlike scalping EA’s it isn’t broker sensitive
Settings :
Amplitude – The number of bars used to calculate trend
HTF – Higher time frame setting as mentioned above controlled by true or false
TFPeriod – The higher timeframe we want to trade
Take Profit 1 Fixed – The take profit 1 level if we are using fixed setting
Take Profit 2 Fixed – The take profit 2 level if we are using fixed setting
Stop Loss Fixed – The stop loss level if we are using fixed setting
Take Profit 1 ATR – The distance from stop loss of ATR setting. Input as 0.2 means 20% of stop loss
Take Profit 2 ATR – The distance from stop loss of ATR setting. Input as 0.8 means 80% of stop loss
Stop Loss ATR – The co efficient of ATR stop loss level is based upon. EG 1.0 Means x1 the size of ATR 2.0 means x2 the size of ATR
Trailing Stop – The size of trailing stop
Minimum Profit Till Trailing Stop – When we want trailing stop to activate
Martingale – Here on a loss the next trade lot size is doubled till profit is reached HIGH RISK!
Part Close – Here we close with half the lot. If true we use take profit 1 as when to part close.
Break Even – When break even is reached stop is moved to entry level. If true we use take profit 1 as when to break even.
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