AweSome-Trail-Trading
19 $
14 $
The AweSome-Trail-Trading Expert Advisor is designed to trade based on a combination of the Awesome Oscillator (AO) and moving average angles. It opens and closes positions dynamically, with additional features like trailing stops and multiple timeframe analysis. The EA is structured to be flexible, allowing for modification of trading parameters like stop loss, take profit, and trailing settings.
AweSome Trail Trading EA, Scalping strategy Forex
Key Features
- Fully Automated: Executes buy and sell orders based on predefined conditions.
- Trailing Stop Functionality: Implements trailing start and trailing step for dynamic stop loss adjustment.
- Adaptive Magic Number: Dynamically generates unique magic numbers for trades.
- Buy and Sell Conditions: Uses moving average angles and Awesome Oscillator (AO) for trade signals.
- Multi-Timeframe Analysis: Supports checking buy and sell conditions across multiple timeframes.
Configuration Parameters
TakeProfit:Sets the take profit level in points.Lots:Specifies the lot size for orders.StopLoss:Sets the stop loss level in points.TrailingStart:Starts the trailing stop after reaching this point.TrailingStep:Defines the step size for the trailing stop.
Logic Overview
- Uses Awesome Oscillator (AO) values to identify trends.
- Calculates the slope of the Moving Average (MA) for additional confirmation.
- Applies conditions to close existing orders if reverse trends are detected.
- Handles new bar detection using the
NewBar()function for precision.
Advanced Functionalities
- Dynamic Lot Adjustment: Ensures enough margin is available before placing orders.
- Real-time Trailing Stop Adjustment: Updates stop loss dynamically during the trade.
- Customizable Angle Calculation: Utilizes historical price data to calculate trend angles for signals.
- Safe Execution: Validates conditions and trade requirements before executing orders.
Usage Recommendations
- Best suited for trending markets where trailing stops can maximize profits.
- Adjust
TakeProfitandStopLossbased on the volatility of the instrument being traded. - Test the EA on a demo account before live trading to ensure optimal settings.
| Version | 1.00 |
|---|---|
| Type | Expert Advisor |
| Compatibility | MT4 |
| Trading Hours | All Times |
| Custom Inputs | Lots, Trailing, Stop Loss, Take Profit, ECN |
| Timeframes | M5 and M15 |
| Strategy Type | Scalping,Trend Following |
| Money Management | Lot Size, Stop Loss, Take Profit |
| Supported Pairs | ALL |
| Risk Management | Auto stop at high loss, Trailing Stop |
| Outputs | Automatic Buy/Sell |
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