Free trend trader EA posted here for your own use, use with caution. EURUSD on 1H timeframe shown at bottom.
Trend trader: only does one active trade per symbol; no hedge and should be FIFO.
(1) Enter in Market: Uses three moving averages. BUY once when condition for MA_1 > MA_2 > MA_3 and SELL if MA_1 < MA_2 < MA_3
(2) Protection: Fixed stoploss and optional stoploss.
(3) Exit from Market: If it was a BUY and new signal is SELL, then close. Same for if it was a SELL and new signal is BUY, then close.
Limit Time Range:
No more trades before this hour (if want trading all day, then set StartHour=EndHour) StartHour No more trades after this hour EndHour Start trading day StartDay End trading day EndDay Close trades at end of trading day? exit_end_day If close at end of trading day, then what hour? ExitHour
Main Trading Parameters:
unique magic number for managing trend trades MAGIC Period value for "fastest" MA (recommend: 9) MA_1_Period (recommend: Exponential) MA_1_Type Period value for "medium" MA (recommend: 7)
MA_2_Period (recommend: Simple)
MA_2_Type Period value for "slowest" MA (recommend: 80)
MA_3_Period (recommend: Exponential)
MA_3_Type
Money Management:
Max drawdown percent (40 is an ok value) max_percent_dd Max points takeprofit value TP Max points stoploss value SL Lot size per trade Lots Max allowed spread for entering into trade Spread
