Created by JS_Sergey
Code Author - barabashkakvn
This Expert Advisor (EA) leverages a custom indicator known as Standard Deviation smoothing, which is essentially a refined version of the Standard Deviation. It identifies the presence of a trend by analyzing the values of the indicator across the most recent five bars (#0, #1, #2, #3, and #4):
(StdDev #0 > StdDev #1) && (StdDev #1 > StdDev #2) && (StdDev #2 > StdDev #3) && (StdDev #3 > StdDev #4) -> A trend is confirmed!
The EA also identifies flat market conditions within a specified number of bars. A flat zone is marked by two lines:
If the market is not in a flat zone, the EA will refrain from placing pending orders. Additionally, if there's no flat zone detected, any corresponding lines will be removed from the chart. Once any pending order gets triggered, the EA will delete all other pending orders and apply a trailing stop to active positions.
You can set your Stop Loss and Take Profit as either static or dynamic values, depending on the parameters you choose for Stop Loss and Take Profit. The lot size can also be fixed (if you set "Enable the money management function" to "false") or variable, based on how many trades have been closed by the Stop Loss or Take Profit.
Example on EURUSD, M30:
Comments 0