Bykov Trend EA v2
The Bykov Trend EA v2 is an updated version of the Bykov Trend Expert Advisor for MetaTrader 5 (MT5). It uses the BykovTrendAlert custom indicator in combination with moving averages and advanced trade management tools. This version provides enhanced flexibility in risk management, trade execution, and additional filtering options to improve trade precision in trending markets.
How the EA Works:
- BykovTrendAlert Indicator & Moving Averages: The EA integrates the BykovTrendAlert custom indicator to identify market trends, and optionally, moving averages can be used to further refine the trend direction. These tools help the EA generate buy and sell signals when trends are confirmed.
- Custom Indicator Handling: The EA allows for flexible setup of the BykovTrendAlert indicator through adjustable risk parameters (RISK, SSP) and internal buffers that trigger buy or sell signals.
- Trade Management & Lot Calculation: The EA includes a dynamic lot size calculator with three modes: money-based, percentage of account balance, and fixed lots. This ensures that trades are executed with proper lot sizing based on the trader’s preference and risk appetite.
- Spread Filter: The EA employs a spread filter to avoid entering trades during unfavorable market conditions, ensuring that trades are executed only when spreads are within acceptable limits.
- Closing Mechanisms: The EA provides multiple options to close trades, such as closing based on a set profit/loss in money, a percentage of the account balance, or a target number of pips. This flexible approach allows traders to manage risk effectively during volatile market conditions.
Why this EA is a Good Option:
The Bykov Trend EA v2 is a powerful trend-following tool designed for traders who want to capitalize on market trends with customizable risk settings and advanced trade management. The integration of both custom indicators and moving averages allows for precise trend detection, while the dynamic lot calculation and closing mechanisms provide enhanced control over trade outcomes.
