Welcome, fellow traders! Today, I’m excited to share insights about TrendCapture, a fantastic Expert Advisor (EA) designed specifically for MetaTrader 5. Originally crafted in MQL4, this EA has been optimized for your trading needs and was developed by the talented Reshetov. You can find the original version here.
How It Works
TrendCapture is all about following the trend. It uses the Parabolic SAR indicator to determine entry points, but here’s the twist: it only acts if the ADX is below a specified level. If your last trade was profitable, you can open a new position in the same direction. However, if you faced a loss, the EA will only consider a trade in the opposite direction. Clever, right?
This image showcases the performance of TrendCapture in the strategy tester's visual mode—definitely worth checking out!
Parameters
- Lots: The lot size for your trades.
- MaximumRisk: The maximum risk level (used if Lots=0).
- StopLoss: Set your Stop Loss in points.
- TakeProfit: Define your Take Profit in points.
- SARStep: The step value for the SAR calculation.
- SARMax: The maximum step for the SAR.
- ADXPeriod: The period setting for the ADX indicator.
- ADXLevel: The ADX threshold level.
- Shift: The bar index for checking indicator values.
- BreakEven: Profit level in points to adjust the Stop Loss to breakeven. Set to 0 to disable this function.
TrendCapture is a powerful ally for traders looking to enhance their strategy with automation. Dive in, give it a try, and let’s capture those trends together!
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