If you're looking to up your trading game, the Trading Criteria Expert Advisor (EA) is a fantastic tool that employs a crossing signals strategy. With features like Trailing Stop Loss and Take Profit, this EA displays crucial trading criteria right on your chart and is compatible with all major forex pairs and NASDAQ stocks across any time frame.
Before diving in, here are a few tips:
- Test it out on a demo account first!
- This EA only trades based on the open price of each candle.
- If you prefer not to increase your lot size after a losing trade, set:
IncreaseFactor=0.
Inputs
Use_TP_In_Money- Enable Take Profit in money (values: true/false).TP_In_Money- Set Take Profit in money (values: 10-100).Use_TP_In_percent- Enable Take Profit in percent (values: true/false).TP_In_Percent- Set 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 your account currency) (values: 25-200).
- Stop Loss In Money (in your account currency) (values: 1-20).
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Exit- Close trades if the trend goes against you to manage drawdown (values: true/false).Lots- Lot 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- Set Stop Loss (values: 30-500). Set value 600 for multiple trades.MagicNumber- Unique identifier for the EA (values: 1-100000).TakeProfit- Set 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).Mom_Sell- Momentum Sell trigger (values: 0.1-0.9).Mom_Buy- Momentum Buy trigger (values: 0.1-0.9).- ---------------------CONTROL DRAW DOWN-----------------------------
UseEquityStop- Enable equity stop (values: true/false).TotalEquityRisk- Set total equity risk (values: 0.01-20).- -------------------------------------------------------------------------------
Max_Trades- Maximum number of trades (1-12).FractalNum- Number of high and low fractals (values: 1-10).- ----------------IF YOU USE ONLY 1 TRADE:-----------------------
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USETRAILINGSTOP- Enable trailing stop (values: true/false).WHENTOTRAIL- When to start trailing (values: 40-100).TRAILAMOUNT- Amount to trail (values: 40-100).Distance From Candle- Distance from candle (values: 1-100).USECANDELTRAIL- Enable candle trailing (values: true/false).X- Number of candles (values: 1-100).USEMOVETOBREAKEVEN- Enable break-even (values: true/false).WHENTOMOVETOBE- When to move to break-even (values: 1-30).PIPSTOMOVESL- Pips to move stop-loss (values: 1-30).
It's essential to optimize this EA every few months using the same inputs mentioned above.
You can utilize it as a hedging grid EA or as a single trade EA. To perform a backtest, check out this guide.
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