Are you ready to take your trading game to the next level? Meet the Trend Finder EA, your new go-to tool for identifying breakout opportunities from historical highs and lows. This Expert Advisor (EA) is equipped with a Trailing Stop Loss and Take Profit feature, making it a versatile choice for all time frames across major forex pairs and NASDAQ stocks.
Getting Started
- Test it on a demo account first!
- This EA operates strictly based on the open price of the candle!
- If you prefer not to increase the lot size after a losing trade, set
IncreaseFactor=0.
Input Settings
- Use_TP_In_Money: Enable Take Profit in currency (values: true/false).
- TP_In_Money: Set your Take Profit in money (values: 10-100).
- Use_TP_In_percent: Enable Take Profit in percentage (values: true/false).
- TP_In_Percent: Set your Take Profit in percentage (values: 10-100).
- Enable_Trailing: Enable trailing stop with money (values: true/false).
- Take Profit In Money: Set values between 25-200.
- Stop Loss In Money: Set values between 1-20.
- Exit: Close trades if the trend goes against you (values: true/false).
- Lots: Define lot size (values: 0.01-1).
- Lots size Exponent: Set values between 1.01-2.
- IncreaseFactor: Adjust how much to increase lots after a losing trade (values: 0.001-0.1).
- Stop_Loss: Set Stop Loss values (30-500) or 600 for multiple trades.
- MagicNumber: Set a unique identifier for your trades (values: 1-100000).
- TakeProfit: Define your Take Profit settings (values: 50-200) or 600 for multiple trades.
- FastMA: Set Fast Moving Average (values: 1-20).
- SlowMA: Set Slow Moving Average (values: 50-200).
- Mom_Sell: Set Momentum Sell trigger (values: 0.1-0.9).
- Mom_Buy: Set Momentum Buy trigger (values: 0.1-0.9).
- UseEquityStop: Enable equity stop (values: true/false).
- TotalEquityRisk: Set risk level (values: 0.01-20).
- Max_Trades: Set between 1-12 for maximum trades.
- TrailingStop: Set a value from 40 to 100 to activate trailing stop loss; “0” disables it.
- Enable Break Even: Toggle break-even setting (values: true/false).
- When move Break Even: Set the move parameters (values: 5-30).
- How much pips move Break Even: Define the pip movement (values: 5-30).
It's a good practice to optimize this EA every few months using the same input settings mentioned above. You can utilize it for hedging, grid trading, or single trades.
For those looking to backtest, check out this guide.
Happy trading!
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