Malgarty70 Trend AE Specifications


EA Name: Trend Trader
Trade Variables:
Lot Size = .01 
Take Profit = 100 pips
Stop Loss = 100 pips 
Time Frame = any
Comparison Period = 5
X (or any name) = ?

Buy (Long) Trade Execution:
Open (1) buy position when candle close is greater than the 5th previous candle close by greater than the X variable amount.  
Position stays open until Take Profit or Stop Loss is reached.
   If Take Profit is reached: 
At next candle close and if buy conditions still exists, open (1) buy position. 
   If Stop Loss is reached:
At next candle close if buy conditions still exists, open (2) buy positions. (Martingale) 
Continue buying until Buy conditions no longer exist. 
   If Stop Loss is reached again:
At next candle close if buy conditions still exists, open (4) buy positions. (Martingale) 
Continue buying until Buy conditions no longer exist. 


Sell (Short) Trade Execution:
Open (1) sell position when candle close is less than the 5th previous candle close by greater than the X variable amount.  
Position stays open until Take Profit or Stop Loss is reached.
   If Take Profit is reached: 
At next candle close and if sell conditions still exists, open (1) sell position. 
   If Stop Loss is reached:
At next candle close if sell conditions still exists, open (2) sell positions. (Martingale) 
Continue buying until sell conditions no longer exist. 
   If Stop Loss is reached:
At next candle close if sell conditions still exists, open (4) sell positions. (Martingale) 
Continue buying until sell conditions no longer exist. 

 
General Parameters:
Display on chart:
   Buy/Sell order entry point
   Stop Loss & Take Profit
   Comparison Period horizontal line in Yellow
EA to execute on MT4 platform
All programming, notes and instructions used in the EA must be in English.
EA needs to be able to correctly process possible errors in trading operations and send  notification of error.  
EA must work with all currency pairs and time frames.
EA correctly functions in Mini, Micro and Standard trading accounts.