New EA A Trend-Following Expert Advisor Leveraging Three Key Indicators

MetaMaster Forex Expert Advisor (EA): Trend-Following Strategy Overview

The MetaMaster Forex Expert Advisor (EA) is designed to capitalize on market trends using a combination of three key indicators to identify trading opportunities:

1. ATR MA Oscillator: This indicator measures the deviation between the current price and a moving average of the Average True Range (ATR). It helps in spotting overbought and oversold market conditions.

2. SuperTrend v2: A trend-following indicator that combines a moving average with the ATR to determine the direction of the market trend.

3. Accelerator Oscillator: This indicator assesses the momentum by measuring the difference between two moving averages of the price, helping to identify overbought and oversold conditions.

Trading Logic:

Long Position Criteria:

• The ATR MA Oscillator shows a positive value.
• The SuperTrend v2 indicates an uptrend.
• The Accelerator Oscillator is positive.

Short Position Criteria:

• The ATR MA Oscillator shows a negative value.
• The SuperTrend v2 indicates a downtrend.
• The Accelerator Oscillator is negative.

Position Closure:

• The position is closed if the price moves against the trade by a predefined amount (take profit level).
• The position is closed if the price hits the stop loss level.
• The position is closed if the EA detects a trend reversal.

Trailing Stop Feature:

• The EA utilizes a trailing stop mechanism, which adjusts the stop loss in the trade's direction as the market moves favorably. This feature helps secure profits and limit potential losses.

Detailed Operation:

1. At the start of each bar, the EA calculates the values of the three indicators.
2. If all three indicators align, indicating a clear market direction, the EA opens a position accordingly.
3. The EA continuously monitors the market, closing the position if one of the following occurs:
   • The price reaches the take profit level.
   • The price hits the stop loss level.
   • A trend reversal is detected.

The MetaMaster EA strategically combines these indicators to execute trades in line with the prevailing market trends, enhancing the potential for profitable trading decisions.

 

Is there a time limit for use?

 

default has no sl

 

I running it in backtest,if price go against with your trades,it will blow your account.
EA need more good singal for entry.

 

... and with sl it is not proftable

 

Of course there is a time limit.

I remember this username and I would skip whatever he posts.

I am perfectly fine that one post an EA with limitations such as designated account or time limits. Just that be clear upfront, stating the limitations in the 1st post. Don't try to deceive user to download and waste precious time.