If you’re on the hunt for a reliable trading assistant, look no further than Trend_Catcher! This Expert Advisor (EA) leverages the power of three moving averages (MAs) and the Parabolic SAR indicator to help you catch those lucrative trends. It even incorporates a martingale strategy, calculating lot sizes based on your deposit and stop loss settings.
What’s New in the Latest Version?
You now have the option to choose specific days for trading.
Open orders based on inverted signals.
Disable the closing of orders on opposing signals.
Getting Started with Market Entries
Buy: Trigger a buy when the current price is above the Parabolic SAR point for the current candle, the close price of the previous candle is below its Parabolic SAR point, the MA is greater than the initial slow MA, and the current price exceeds the second MA with a different period.
Sell: Execute a sell when the current price is below the current candle's Parabolic SAR point, the close price of the previous candle is above its Parabolic SAR point, the MA is lower than the first slow MA, and the current price is below the second MA with a different period.
The EA will automatically close orders when an opposing signal occurs.
Stop Loss and Take Profit Settings
If Auto_SL is set to true, the Stop Loss is automatically calculated and placed at the Parabolic SAR point. You can adjust the SL_koef coefficient to modify the distance in points between your order level and the Parabolic SAR point. For instance, if the distance is 20 points and SL_koef is set to 2, your order will have a Stop Loss of 40 points.
If Auto_SL is false, the Stop Loss will be fixed according to your specified SL points.
With Auto_TP set to true, the Take Profit is calculated based on your Stop Loss and multiplied by TP_koef. For example, if TP_koef is 2, your Take Profit will be double that of your Stop Loss.
When Auto_TP is set to false, your Take Profit will be fixed at the specified TP points.
Lot Size and Martingale Settings
Your order lot size is determined by a percentage of your deposit, taking into account the Risk setting and Stop Loss. For example, with a $1,000 account balance, a Stop Loss of 100 points at a Risk of 1 (1% of your deposit) allows for a potential loss of 10 currency units, resulting in a lot size of 0.01. At a Risk of 10, your lot size would be 0.1.
If Martin is true and the last order ended in a loss, the risk for the next trade will increase by the specified coefficient.
If Martin is false, the EA will calculate the lot size based on the current account balance percentage.
Breakeven and Trailing Stop Features
Once your position profit hits Profit_Level pips, a Stop Loss will be set at SL_Plus pips above your profit. If your profit reaches Profit_Level2 pips, the Stop Loss will be trailed by the price at the TrailingStop2 distance.
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