Trend PRO EA

by Bach Le Xuan

50 USD

Buy: 50 USD

Rent:

For 1 month: 29 USD

For 1 year: 49 USD

How to test a product before buying it

Category:Experts

Activations:5

Demo downloaded:616

Author: Bach Le Xuan

Published:20 April 2020

Current version:

Trend PRO EA

Trend PRO EA is developed using the PipFinite Trend PRO Indicator, the best indicator on the market so far. PipFinite Trend Pro's smart algorithm detects the trend, filters out market noise and gives entry signals with exit levels.This EA open order whenever the indicator has buy/sell signals and set SL/TP follow the indicator rules. You can read more information about PepFinite Trend PRO indicator from this link: www.mql5.com/en/blogs/post/713938

Important Information 

• Trend PRO EA will only work if you purchased PipFinte Trend PRO Indicator, here is the link https://www.mql5.com/en/market/product/26888
• You have to enter the Indicator path parameter before EA run, otherwise the EA will not run correctly, the path usually is  \Market\PipFinite Trend Pro
• It works with all symbols.
• This EA is ensured to work exactly like the original indicator, however, the profit you earn is depended on your own strategy. Try to back-test with different settings for each symbol to figure out the most profitable one for that symbol before running on real account. Note that the M5 and M15 timeframe may not run on back-test if you test with long date.
• Run EA on any timeframe of a symbol, it also checks for signals to open orders in other timeframes of that symbol, depending on your Timeframe parameter.
• A zero spread account is recommended.

How EA works 

Step 1: Trade Setup

• Open order if Success Rate is higher than the input parameter.

Step 2: Stop Loss

• Close buy signal on a new sell signal.
• Close sell signal on a new buy signal.

Step 3: Take Profit

• Option 1: Take profit on TP1.
• Option 2: Partial take profit on TP1 and close remaining position on TP2. If your “Volume” parameter is 0.04, it will open 2 order with 0.02 each, one order takes profit at TP1 and the other takes profit at TP2.
• Option 3: Take profit on opposite signal or riding the trend until it reverses.

Parameters 

• Success Rate – Open order when Success Rate is higher than this input.
• Volume – Number of lots.
• Period - The number of bars used to calculate the trend.
• Target Factor - The multiplier used to calculate take profit levels.
• Increasing this value will give more take profit but decreases success rate.
• Decreasing this value will give less profit but increases success rate.
• Multi timeframe - Use multi timeframe strategy.
• Higher timeframe is uptrend, only open buy orders on lower timeframe.
• Higher timeframe is downtrend, only open sell orders on lower timeframe.
• Trading trend of higher timeframe increases probability but decreases the number of setups.
• M5 always look for M15 timeframe trend, M15 => M30, M30 => H1 and so on, no matter about the Timeframe parameter.
• More information about multi timeframe, please visit www.mql5.com/en/blogs/post/713938
• Take profit options – 3 options describe above.  
• Timeframe – The timeframe that EA will open orders.
• Only the following timeframes are supported:  M5 = 5, M15 = 15, M30 = 30, H1 = 60, H4 = 240, D1 = 1440
• For example, if you only want to trade on H1 and D1 timeframe just input "60,1440".
• Each open order will have comment like 30 or 60, it refer to M30 and H1 timeframe in which the signals was given.
• Indicator path – The path of Pipfinite Trend PRO Indicator. It usually is \\Market\\PipFinite Trend Pro

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