Hey traders! If you're on the lookout for a powerful trading assistant, let me introduce you to TrendCollector. This EA is all about harnessing price action, leveraging the Stochastic indicator, and utilizing specific EMA (Exponential Moving Average) crossings, particularly the EMA 206. Plus, it adapts trade sizes based on the Average True Range (ATR) and the time of day.
TrendCollector keeps an eye on where the price stands in relation to the EMA 204 and measures the distance from this crucial indicator. What’s more, it smartly avoids trading during major news events by parsing the news from Forex Factory’s calendar feed.
Key Features of TrendCollector
External Variables:
| Input Parameter | Type | Description |
|---|---|---|
| EA_FAST_MA_TH | int | Fast moving average threshold (for EMA4 speed) |
| EA_SLOW_MA_DISTANCE | int | Slow moving average threshold (for EMA204 speed) |
| EA_MA_METHOD | ENUM_MA_METHOD | MA Method (Default: EMA) |
| EA_MAX_OPEN_TRADES | int | Maximum number of open trades |
| EA_MAX_OPEN_SAME_TRADES | int | Max open trades in the same direction |
| EA_SL_PIPS | int | SL pips for normal trades when ATR > EA_ATR_VOLATILITY_TRH |
| EA_TP_PIPS | int | TP pips for normal trades when ATR > EA_ATR_VOLATILITY_TRH |
| EA_TP_PIPS_LV | int | TP pips for low volatility trades when ATR < EA_ATR_VOLATILITY_TRH |
| EA_TRADING_START_HOUR | int | Start hour of trading session |
| EA_TRADING_END_HOUR | int | End hour of trading session |
| EA_ATR_VOLATILITY_LIM | double | Volatility limit (no new trades below this ATR) |
| EA_ATR_VOLATILITY_TRH | double | Volatility threshold for separating low and high volatility trades |
| EA_TRADE_LOT_SIZE | double | Default LOT size for trades |
| EA_SPREAD_LIMIT | int | Maximum allowable spread limit |
| EA_TRADE_MAX_SLIPPAGE | int | Maximum allowed slippage |
| EA_FREE_MARGIN_LIMIT | double | Limit for free margin to enter trades |
| EA_STOCH_UPPER_LIMIT | double | Upper limit of the Stochastic indicator for trade entries |
| EA_STOCH_LOWER_LIMIT | double | Lower limit of the Stochastic indicator for trade entries |
| EA_MIN_PAUSE_BTW_TRDS | int | Pause between opening trades on the same currency |
| EA_TIME_FRAME | ENUM_TIMEFRAMES | Default time frame used for the EA |
| EA_NEWS_HUNTER | bool | News hunter enabled/disabled (feeds news from Forex Factory) |
| EA_NEWS_HUNTER_TIMESPAN | long | Specifies time limit for trade entry based on upcoming news |
Recommendations
- TrendCollector is versatile enough to suit both small accounts (starting from $100) and larger ones.
Future Enhancements
- We’re looking to implement a zone recovery algorithm to help manage trades that go against open positions.
So, if you're serious about taking your trading game to the next level, give TrendCollector a try. It could be the edge you’ve been searching for!
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