TheProTrendFollower

TheProTrendFollower is a wave trading system that provides consistent results since the time I backtested it : 2003 ! Like the most trend following EAs the problem is that there are some flat times. However this one is optimized to make results and small drawdowns with martingale money management.

I provide you three sets of parameters (see below) which are optimized on EURUSD M30. You can optimize it on other assets.

Expert Parameters

• ATRmultiplier - take profit = ATR * ATRmultiplier.
• bars - number of bars to define the stop loss high/low.
• stoploss - distance from high/low (defined with bars parameter) to place the stop.
• Step - trend filter.
• MagicNumber - magic number.
• TOD_From_Hour, TOD_From_Min, TOD_To_Hour, TOD_To_Min - trading time of the day.
• TradeModay...Friday - selection of day trading of the week.
• MM_Martingale_Start - initial lot size.
• MM_Martingale_LossFactor - multiplication of the lot size after a loss (if it equals to 1 the lot size will be constant).
• MM_Martingale_RestartLosses - max consecutive losses.
• MaxSpread - maximum spread.
• MaxSlippage - Maximum slippage.
• PriceTooClose - force TP and SL in the case of error (typically when the volatility is high and the SL or the TP is too close to the current price).
• MaxOpenTrades, MaxLongTrades, MaxShortTrades - number of max trades opened by the Expert Advisor.
• Hedging - select false if your account is not allowing hedged positions.
• MinFreeMargin - select your own minimum margin before entering a trade, protect your account.

Screenshots

• 1-4 : step 0.007 and fixed lot size --> 1-2 : 0.1 lots / 3-4 : 0.5 lots.
• 5-8 : step 0.007 and martingale loss factor 1.4 --> 5-6 : 0.1 lots / 7-8 : 0.5 lots.
• 9-12 : step 0.009 and martingale loss factor 1.9 --> 9-10 : 0.1 lots / 11-12 : 0.5 lots.

All other parameters are defaults.

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