Trender EA

Trender EA is based on the middle-term strategy for the H1 timeframe. The Expert Advisor analyzes a trend direction and uses a moving average based filter. Trades are closed either by a fixed Take Profit and Stop Loss, or by total profit/loss in percent of the account balance.

Features:

• allows opening several positions in one direction (the maximum number of positions is set is parameters)
  
• allows using a dynamically calculation of a trade volume (money management)
• minimum indicators (Moving Average only) - better performance
• allows automatic closing of positions by profit/loss
• protection from wide spreads

Input settings:

• UseMoneyManagement - enable/disable money management for the calculation of a trade volume
• Lots - fixed size of trade volume (when money management is disabled)
• RiskPercent  - risk percent value for the calculation a trade volume, by following formula: LOTS = ACCOUNT LEVERAGE x ACCOUNT BALANCE x RISK PERCENT/ConTRACT SIZE
• StopLoss  - Stop Loss in pips. If 0, then disabled
• TakeProfit - Take Profit in pips. If 0, then disabled
• MaximumOrders - maximum allowed number of open positions.
• MagicNumber - ID number for the EA's positions
• Slippage - slippage (maximum allowed deviation of price by opening/closing position) in points
• AutoCloseProfitPercent - value of profit for closing positions in percent of account balance
• AutoCloseDrawDawnPercent - value of loss for closing positions in percent of account balance
• SpreadLimit - maximum allowed spread for trading in pips

Testing Results

Expert Advisor Trender EA is tested on the demo account for EURUSD H1 timeframe. The EA generates the trade signals. You can see the result of the trading and subscribe to trade signals for free at the link https://www.mql5.com/en/signals/120581

EA settings for the above tests:

Parameter	Value
UseMoneyManagement	true
Lots	0.1
RiskPercent	3.0
StopLoss	100
TakeProfit	120
MaximumOrders	1
MagicNumber	16091140
Slippage	3
AutoCloseProfitPercent	23.0
AutoCloseDrawDawnPercent	11.0
SprealLimit	7