Trend Trading v1.1
Logic:
- Trend-Following:
- The EA primarily follows trends by analyzing multiple moving averages (MA), the Awesome Oscillator (AO), and the Parabolic SAR to identify buy or sell opportunities.
- It checks the direction of the trend using a combination of short-term and long-term MAs along with the AO and SAR indicators to confirm the strength of the trend.
- Order Management:
- The EA opens positions when specific conditions are met based on the moving averages, AO, and SAR indicators.
- It includes an optional trailing stop feature to secure profits when the market moves favorably.
- The EA also manages open trades by closing them when certain conditions are no longer met (e.g., moving averages cross in the opposite direction).
- Trailing Stop:
- If enabled, the EA adjusts the stop loss level to follow the market as the price moves in favor of the open trade, helping to secure profits.
- Signal Processing:
- The EA can be configured to operate on either every tick or after the completion of a bar, depending on the user’s preference.
- It also includes an option to send email alerts when certain signals are generated, such as when a position is opened or closed.
