Brief description
The Smart Trend Trader is an expert that can help you identify and open trades at the beginning of a trend market.
Smart Trend Trader is essentially based on the Ichimoku indicator. It shows the true conditions of buying and selling after a market trend change.
There are many other indicators that are used to confirm and filter signals"Candles, High and Low, MACD and RSI".
This is a version for MetaTrader 5, tested on the US30, US500, DE30 indices...
The good and stable results are given by the US30 with a time frame of 5 minutes and 15 minutes.
The best time to run this expert is between 3pm and 8pm (New York Session).
The results are given by "Every Tick based on real ticks", which is as close to real conditions as possible. It uses real ticks of financial instruments collected by a broker, in my case "Ic Markets".
This expert can be able to overcome the challenges of the forex prop firms, you just have to take a well measured risk!
The backtests shown in the screenshots were done with the default settings. There might be better or worse settings. Please download the free demo to do your own testing.
This EA does not use any martingale and/or grid functionalities. Please behave responsible with your trading funds and only use money that you can afford to lose. Have fun testing and trading.
MT4 version available on request!
Best Settings for US 30
4000 (40 pips) < Take Profit 1 < 10000 (100 pips)
50% < Partial Close <75%
3000 (30 pips) < Trail Stop < 6000 (60 pips)
<General Inputs>
Buy Trades: Enables Chikou SSB and SSA Cross Up condition to place Buy orders.
Sell Trades: Enables Chikou SSB and SSA Cross Down condition to place Sell orders.
Take Profit 1 : The distance from the entry order price to the TP 1.
Partial Close : Partial close in percent of the initial lot at target 1.
Trail Stop : The Trailing Stop will be trailed above the Break event only.
Stop loss : All trades are protected by a Stop Loss which is placed at the SSA and SSB levels of nCandles.
Fixed Lots: Lot size for each trade if the fixed trading volume mode is chosen.
Max Open Trades : Maximum simultaneous open trades.
Time and Day Filter: Activates or deactivates the time filter which will be checked before new orders are placed.
Start Hour: Hour of the start of the allowed trading time.
Start Minute: Minute of the start of the allowed trading time.
End Hour: Hour of the end of the allowed trading time
End Minute: Minute of the end of the allowed trading time
Magic Number: This number should be unique for every EA in your account since the EAs use it to identify their own trades.
Allow Hedging : Chek if you want to sell when a long position long is open, and vice versa.
Next open trades after nBars : No trade will be opened within this time after the previouse trade's close.
Audible_Alerts : Alerts for every order "buy or sell".
Push_Notifcations : Notifications for mobile terminals.
