Trend NRTR

This is a trend-following Expert Advisor based on a well-known indicator NRTR by Konstantin Kopyrkin.

The EA opens a position in the direction of a trend and gradually exits it trying to close a position at the best price.

The EA has no limitations by profit fixing level (TakeProfit), positions are closed according to MFI indicator. This allows for averaging a position closing level and exiting it by the price most close to the target one.

The universal algorithm works on all symbols after a preliminary optimization. The product shows similar results on all other trading platforms as well.

Parameters

• StopLossB - stop loss for BUY orders as a percentage of Open price
• StopLossS - stop loss for SELL orders as a percentage of Open price
• Lots - lot size to start trading
• LotClose - volume of partial closing, optimized simultaneously with Lots
• Spread - the maximum spread for the EA operation
• Percent - if Lots is set to zero, a percentage of free margin is used for calculating lots
• CloseProfit_SELL - volume multiplier when closing positions by the indicator
• CloseProfit_BUY - volume multiplier when closing positions by the indicator
• CloseP - ratio for CloseProfit for trends
• Revers - ratio for CloseProfit for reversing open positions
• PerATR_NRTR - ATR period for NRTR indicator
• PerATR_NRTR_Revers - ATR period for NRTR for a position reversal
• MFI_Open_Period - MFI period for opening positions
• MFI_Open_Level_Up - upper MFI level for opening positions
• MFI_Open_Level_Down - lower MFI level for opening positions
• MFI_Close_Period - MFI indicator period for closing positions
• MFI_Close_Level_Up - upper level of MFI for closing positions
• MFI_Close_Level_Down - lower MFI level for closing positions
• MFI_Buy_Period - MFI indicator period for re-buying positions up to the initial lot (Lots)
• MFI_Buy_Level_Up - MFI indicator upper level for re-buying positions up to the initial lot
• MFI_Buy_Level_Down - MFI indicator lower level for re-buying positions up to the initial lot
• Period_ADX - period of the ADX indicator
• ADXW_Level_Down - lower level of the ADX indicator
• ADXW_Level_Up - upper level of the ADX indicator
• Slip - slippage in points
• Magic - magic number

Recommendations

• EA settings: use the default settings.
• Symbol: GBPUSD.
• Time-frame: H1.
• Minimum deposit: $20 000.