Are you ready to take your trading to the next level? This Expert Advisor (EA) is designed specifically around the Index Moving Average (IMA) indicator, incorporating a robust money management system tailored to your desired risk and loss parameters.
The Strategy
We utilize daily bars for our trading decisions, with signals activated whenever a new bar appears. Here’s the formula we’re working with:
k=(ima0 – ima1)/|ima1|
In this equation, ima0 represents the current value of the IMA indicator, while ima1 is the previous value. Based on this, your trading actions will be:
- Open a long position when k >= 0.5;
- Open a short position when k <= -0.5.
Position management is handled through a trailing stop, which you can set using the take parameter. If a trade goes south, it will close based on the drop parameter you define.
For lot sizes, they can be adjusted in minimal increments up to the limit set in the max_lots parameter. If this value is set to 0, you can trade anywhere from the minimum to the maximum lot size allowed for your chosen symbol.
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