A Comprehensive Trend-Following Strategy based Expert Advisor

This expert advisor is a sophisticated trading strategy that relies on three key indicators to identify potential trading opportunities:

1. ATR MA Oscillator:

• Measures the deviation between the current price and a moving average of the Average True Range (ATR).
• Identifies overbought and oversold market conditions.

1. SuperTrend v2:

• A trend-following indicator utilizing a moving average and ATR to determine the prevailing trend direction.

1. Accelerator Oscillator:

• Measures the variance between two moving averages of the price.
• Identifies overbought and oversold conditions while assessing market momentum.

Trading Conditions:
Long Position:

• Positive ATR MA Oscillator.
• SuperTrend v2 indicates an uptrend.
• Positive reading on the Accelerator Oscillator.

Short Position:

• Negative ATR MA Oscillator.
• SuperTrend v2 signals a downtrend.
• Negative reading on the Accelerator Oscillator.

Position Management:

• Opening Positions:
  • Requires unanimous agreement from all three indicators on market direction.
• Closing Positions:
  • Triggered by an opposing signal from all three indicators.
  • Closing conditions include reaching predetermined levels (take profit or stop loss) or detecting a trend reversal.
• Trailing Stop:
  • Implements a trailing stop to safeguard profits during favorable market movements.

Trading Process:

1. Indicator Calculation:

• Compute indicator values at the start of each bar.

1. Signal Confirmation:

• Confirm consensus among all three indicators for market direction.

1. Position Opening:

• Open a position if conditions align.

1. Monitoring and Management:

• Constantly monitor market conditions.
• Close positions based on specified criteria (opposite signal, take profit, stop loss, or trend reversal).

1. Trailing Stop:

• Use a trailing stop to protect profits as the market moves favorably.

1. Iterative Process:

• Move to the next bar and repeat the trading process.

Important Considerations:

• Complexity:
  • The strategy is intricate, relying on multiple indicators for decision-making.
• Risk Management:
  • Incorporates risk management through stop loss, take profit, and trailing stop mechanisms.
• Continuous Monitoring:
  • Demands ongoing vigilance of market conditions.
• Trend Reversal Detection:
  • Positions are closed when a trend reversal is detected.
• Live Trading Caution:
  • Prudent understanding of the strategy is crucial before applying it to a live trading account.

 

Again where is your evaluation data based on the demo account and
live account?

There are thousands of Expert Advisers in this world.
So far, you have tested less than 0.001% of the EAs out there.
You have remaining tons of EAs to test it out.

 

If it was so good, developer would never sell it in any form.

"overbought and oversold market conditions."
No such event, crude few years ago went to 147 and down to -6. Took me over 40 tries to find top and if I didn't hedge, I'd be wiped out.

"expert advisor", that's a joke if I ever saw one.

Here's the thing with TA, if there is a small group doing it with light volume, you will lose. Heavy Volume pushes price, every trade if a gamble, all one can do is manage risk and even that is not 100% sure.

Learn charting and risk management, be ahead of the others doing indicators.

 

Good Evening Handle123,

Correct.

 

Without a doubt you can make an amazing career out of just a chart with candle and no indicators. I can trade a blank chart like that and be profitable. Finally replaced my income with trading and starting to see the potential.

However, don't understand the hate people giving indicators. My profit factor and win rate absolutely go up when I use my indicators for additional confluences, granted they are not standard indicators and custom, but they still are certainly indicators. It's like people poop on indicators and they mention ones that we're created literally over half a century ago.

Another thing is people don't even use indicators like RSI properly, both sides are ignorant. You have people using RSI incorrectly and than traders that hate indicators say "Hows that RSI looking now" sarcastically, when both parties have no clue what they are talking about(when it comes to indicators).

It truly is mind boggling. Context is everything, an overbought scenario in some cases you actually want to keep holding your long or even open up a new long position because it indicates a squeeze setup or continuation long. In other overbought scenarios the expectation is it will be retraced and filled back in very quickly (generally speaking obviously nothing is 100% that goes without saying).

 

Indeed. And when price goes up, it goes up. I mean, it won't go down then. Price has to go up, to go up.

Some risks are not easy to hedge, gap risk and (future) volatility mispricings can mess it up a bit

 

The indicators you use seem to be similar to the ones I use for semi autotrading. I use the MAadaptive RSI with 2 values, the Supertrend and SubDem. But I could not find the indicators you use or at least not the versions described by you. Could you please let me have the indicators you use. Send to irniger@gmx.net. I will gladly send you the indicators I use. Thanks, Felix