Micro Trend breakouts

Experts MetaTrader 4 Free

“Micro Trend breakouts”naked trading price action EA draws 4 Trend Lines with “Fractals”(2main+2small) on chart and trades with Trend breakouts,has Trailing Stop Loss &Take Profit works with all time frames major forex pairs and stocks NASDAQ.

The concept of this price action EA is:

  • Naked trading-Trade after correction in main trend.

Micro Trend breakouts

    • I combined together a simple EA with two moving averages and Trend Line,
    • The Trend Line do not work on test mode,
    • The optimization tests can be performed only with moving averages,
    • In live trading only, Trend Line and moving averages will work together,
    • During tests, the EA  only draws the Trend Line on the screen in  visual mode without considering it in the creation of trades,
    • The Trend Line will function as a filter .
    • In this situation the probability of winning trades increases.
    • Try it on demo first.
    • This EA trades only with the price of open candle!
    • If you do not want to trade with increasing lot size when you lose  a trade set:”IncreaseFactor=0″

    Inputs

      •  Use_TP_In_Money- Use Take Profit In Money (values:true/false).
      •  TP_In_Money- Take Profit In Money   (values: 10-100).
      • Use_TP_In_percent- Use Take Profit In Percent (values:true/false).
      • TP_In_Percent- Take Profit In Percent (values: 10-100).
      • ————[Money Trailing Stop For Multiple Trades]———————-
      • Enable_Trailing-Enable_Trailing with money  (values:true/false).
      • Take Profit In Money (in current currency) (values:25-100).
      • Stop Loss In Money(in current currency) (values: 1-20).
      • Loss Index (values: 1.1-2).
      • ———————————————————————————–
      • Lots – Lots size (values: 0.01-1).
      • Lots size Exponent  (values: 1.01-2).
      • IncreaseFactor -how much to increase lots from total margin if you lose a trade (values: 0.001-0.1).
      • Stop_Loss – Stop Loss (values: 30-500). /set value 600 for  Multiple Trades 
      • MagicNumber – Magic number (values: 1-100000).
      • TakeProfit – Take Profit (values: 50-200). /set value 600 for  Multiple Trades 
      • FastMA – Fast Moving Average (values: 1-20).
      • SlowMA – Slow Moving Average (values: 50-200).
      • ———————CONTROL DRAW DOWN—————————–
      • UseEquityStop –  (values: true).
      • TotalEquityRisk- (values: 0.01-20).
      • —————————————————————————–
      • Max_Trades(1-12). 
      • IF YOU USE ONLY 1 TRADE:
      • //////////////////////////////////////////////////
      • USETRAILINGSTOP-If use trailing stop (values:true/false).
      • WHENTOTRAIL-When to trail (values: 40-100).
      • TRAILAMOUNT-Trail amount (values: 40-100).
      • Distance From Candle -Distance From Candle (values: 1-100).
      • USECANDELTRAIL=If use candle  trailing stop (values:true/false).
      • X=2-number of candles (values: 1-100).
      • Enable “Break Even” -(values:true/false).
      • When move “Break Even”- (values: 5-30).
      • How much pips move- “Break Even” (values:5-30).
    -You should optimize this EA every few months and use the exact same  inputs from above .
    -You can use it as  hedging grid EA or a single trade EA.
    -How to perform back test:https://bit.ly/2CD7XWD

      Micro Trend breakouts-DEMO