TP MoneyFlowIndex ADX

This EA is based on Money FLow Index (MFI) and ADX to identify the trends. The setup occurs upon reaching a MFI's certain level and the intersection of DI+ and DI-.

The orders are executed if two conditions are met:

1. MFI crosses its critical level (INDLevel) and ADX has already confirmed the trend.
2. ADX changes the trend and MFI has already crossed its critical level.

This EA opens only a few orders, but the positions have good quality. It works on multiple currencies and multiple time frames.

Parameters

MFI Parameters

INDPeriod: the number of bars used for the indicator (Money Flow Index) calculations.

INDLevel: level of the MFI for uptrend; level of downtend is 100-Uptrend. For example: INDLevel=55 means that there is uptrend if MoneyFlowIndex is >55 and downtrend if MF is <45

ADX Parameters

• ADX_TF: time frame of ADX.
• ADXPeriod: the number of bars used for ADX calculations.
• ADXLevel: level of the ADX to identify the strenght of the trend (>25 strong trend).

Position management

• TakeProfitPoints: take profit in points. If =0, Take Profit in points is disabled and only "Profit in currency" works.
• Profit in Currency: profit in currency account to close position (take profit in EUR, USD, etc.).
• StopLossPoints: stop loss in points. If =0, Stop Loss in points is disabled and only "Loss in currency" works.
• Loss in Currency: loss in currency account to close position (stop loss in EUR, USD, etc.).
• ProtectionStartPoints: profit in points to move the stop loss to breakeven. If =0, the Breakeven in points is disabled and only "Protection start in currency" works.
• Protection start in Currency: profit in currency account to move the stop loss to breakeven.
• Protection: points above (if Long) or below (if Short) the price of open order to move the breakeven.
• TrailingStopStart: profit in points to start the trailing stop. If =0, Trailing Stop is disabled.
• TrailingStopPoints: trailing stop in points.
• TrailingStepPoints: step in points to move the trailing stop.
• Turbo: if FALSE, the EA expects a new indicator crossing before opening a new trade.
• CloseReversalSignal: if TRUE, the EA close open trade when a new opposite signal start and it open a new trade; if ELSE, the EA don't open new trades until the opened trade will be closed due to take profit or stop loss.

Lots management

• UseMM: if TRUE, it activates automatic money management.
• PercentMM: risk value.
• Lots: if "UseMM" is FALSE, it is the lot size.

Order management

• OrderComment: order's comment.
• MagNum: magic number.
• SlippagePoints: slippage in points.

I recommend you to do backtest to find the best settings (I propose settings for EURUSD H4 and M15). I also suggest to use a combination with more currency and more time frames to get a better result.

Settings for EURUSD H4:	Settings for EURUSD M15:
dProfit=2600	dProfit=1800
dProtection=400	dProtection=200
dLoss=1400	dLoss=1000
INDPeriod=11	INDPeriod=11
INDLevel=60	INDLevel=55
ADXPeriod=5	ADXPeriod=5
ADXLevel=25	ADXLevel=15
ADX_TF=0	ADX_TF=0
TakeProfit=399	TakeProfit=399
StopLoss=249	StopLoss=249
UseProtection=True	UseProtection=True
Protection=15	Protection=15