To prevent this, our forex grid expert advisor can safely decrease the lotsize of the next grid trades. Adding Fibonacci to Your Trading Plan. Download the Mobile trading app for iPhone, iPad, or Android-powered devices. This program is designed to offer a compensation….
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The RobotFX Heiken Ashi expert advisor is an all-in-one trading solution for traders trading with the trend, so we can safely say that the Heiken Ashi expert advisor is a trend trader. The trend itself is decided by the Heiken Ashi color on the higher or current timeframes.
It should be noted however that the trend detector can also be disabled and that the Heiken Ashi EA can be allowed to trade by simply following the Heiken Ashi signals on the current timeframe. To better understand better how this trend trader with hedging abilities works, please take a look at the picture below.
When one or both trend detectors are used, the uptrend or downtrend is determined by the Heiken Ashi color on their respective timeframes. When any of the Trend A or Trend B are enabled, they are displayed in the lower-left corner of the chart. Note that if the trader enabled both these trend detectors A and B , the EA will consider entering a trade only if they both coincide and it will ignore trading signals if one trend is up while the other is down.
When the Heiken Ashi candles change their color from down red to up green the EA will open a long trade; opposite happens for short trades. This entry signals can be validated by another safety feature - if the trader wants to use it - that is the swing zone confirmation.
This swing zone is also used by both the Fluid and the NonLagMA expert advisors, and it has the purpose to ensure that the EA will not open buy trade when higher-highs are formed, or sell trades when the price forms a lower-low. This Heiken Ashi EA can even martingale if the previous trade closed in negative profit. Below are some examples of trades opened and closed with different trailing stop options. Money management is also possible by setting the EA to use a percentage of the equity as lotsize, or by using a fixed lotsize.
Take your time to understand what each of these settings does. This should be used to reject buy signals that might occur on overbought areas or sell signals that happen in oversold areas.
This Metatrader expert advisor is similar to the Fluid expert adviser and its main functions are basically the same. The EA can detect the trend and trade accordingly, as well as hedge and recover the losses from a losing trade. Of course, classic stop-loss, break-even and trailing stop are also possible. The trend can be defined by the color of the trend nonlagma, the price position regarding this nonlagma or both see pic above of these options.
For the EA to consider closing a trade or a basket of trades at the non-lag moving average signal, the profit must be higher or equal to the MinProfit. To trade using the expert advisor as it was designed to do, the trader must first choose an option for the EA to establish the trend. The second nonlagma indicator is used to enter - and if the trader chooses so, to exit - a trade. Exiting a trade at the nonlagma reverse signal may ensure that the trader has closed the trade at the right moment, just before the trend would reverse.
This Metatrader indicator was designed to help trend traders trading with the trend. The indicator also spots the swings and changes the color of the candles to help the trend trader spot the right entry for his trade. The timeframe left-up shows the color of the current candle for all the time-frames available in Metatrader. Other trend indicators like MACD, PSAR or moving average can also be used to identify the trend right-upper corner as well as the Stochastic oscillator to confirm the trade entries.
The trader can choose any other values depending on the traded pair. Following the trend, the EA sells when the MACD main line drops below the signal line and it buys when the main crosses the signal, up. The stop-loss and the take-profit are set immediately after the trade is opened, making this expert advisor compatible with the ECN brokers.
In the example below, using the default settings settings, the MACD EA opened three trades maximum allowed when the trend was up, the MACD raised above the signal line and the Stochastic was oversold, and managed to close one by trailing stop and the other two at take profit.
The main idea that led to this Trailing Stop EA was that many traders are not so good at managing winning trades. Stay on top of trading opportunities anywhere, anytime. Enter market orders using simple taps on the chart and benefit from dynamic pricing overlays to set up pending orders while seeing the potential profit or loss impact on your account.
You can also customize the settings to receive market highlights only, or all the alerts. Set up the new price signals notifications on horizontal lines, and vectors when used as technical indicators. Explore a large variety of chart types, overlays, indicators, and drawing tools to enhance your technical analysis of fast moving markets. Draw trend lines, arcs, and pivot points to visualize market movements and define your trading strategy without losing sight of your trading order in relation to current price movements.
Utilize your iPad to view one full-screen chart, or scroll through a multitude of charts and add as many as you wish to configure the mobile screen that suits your trading style.
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