Trix EA
Logic:
- Trend-Following:
- The EA primarily follows trends using the TRIX (Triple Exponential Average) indicator, combined with a signal line for buy and sell decisions.
- Buys when the TRIX line crosses above the signal line and sells when the TRIX line crosses below the signal line.
- It can be configured to trade at the close of the bar or within the bar, based on user settings.
- Trailing Stop:
- The EA uses a trailing stop mechanism to secure profits as the market moves in a favorable direction.
- It supports dynamic trailing steps and can also include a breakeven feature to lock in profits after a certain price movement.
- Signal-Based Trading:
- The EA generates signals based on TRIX indicator crossovers, allowing for entry and exit points.
- Alerts and email notifications can be sent based on the signals, making it useful for monitoring trades without constant observation.
- Money Management:
- The EA includes options for fixed lot sizes or a money management system where the lot size is calculated based on account equity and risk percentage.
- This helps in adjusting the trade size according to the account balance and risk preferences.
- Order Management:
- The EA manages open orders, allowing for multiple attempts to open or close orders in case of server issues or slippage.
- It also logs each trade and can retry operations like opening, closing, or modifying orders, ensuring robustness in trade execution.
