Trend Catcher Expert Advisor

Related: Supertrend Scalper with Breakeven Win Rate Panel - another powerful expert for MetaTrader 5 traders.

This Expert Advisor (EA) identifies trends using three moving averages with customizable periods (defaulting to 200, 50, and 25). It then opens trades employing the Parabolic SAR indicator and utilizes martingale techniques for lot size calculation, which is determined as a percentage of the deposit based on the stop loss.

Also recommended: Stormbreaker ADX - Supertrend and DMI Trend EA for MT5 - similar expert with strong performance on MetaTrader 5.

Market Entry

Buy Signal: A buy order is opened if the current price is above the Parabolic SAR point on the current candlestick, the previous candle's close price is lower than the previous Parabolic SAR point (indicating indicator value changes), the fast moving average is above the slow moving average, and the current price is above a second moving average with another period.

Sell Signal: A sell order is opened if the current price is below the Parabolic SAR point on the current candlestick, the previous candle's close price is higher than the previous Parabolic SAR point (indicating indicator value changes), the fast moving average is below the slow moving average, and the current price is below a second moving average with another period.

The Expert Advisor closes orders upon receiving an opposite trading signal.

Stop Loss and Take Profit

Automatic Stop Loss: If `auto_sl` is set to true, the stop loss is calculated automatically and positioned at the Parabolic SAR point. The `sl_koef` factor can adjust this distance by multiplying the points between the order open price and the Parabolic SAR indicator point. For instance, if the distance is 20 points and `sl_koef` is 2, the stop loss will be 40 points. If `sl_koef` is 0.5, the stop loss will be 10 points.

Fixed Stop Loss: If `auto_sl` is set to false, the stop loss is fixed and determined by the value set in the `sl` parameter (in points).

Automatic Take Profit: If `auto_tp` is set to true, the take profit is calculated automatically based on the stop loss value multiplied by the `tp_koef`. For example, if `tp_koef` is 2, the take profit will be double the estimated stop loss.

Fixed Take Profit: If `auto_tp` is set to false, the take profit is fixed and determined by the value set in the `tp` parameter (in points).

Lot and Martingale Settings

Lot Calculation: The lot size is calculated as a percentage of the deposit, considering the `risk` parameter and the stop loss. For example, with an account balance of $1000, a stop loss of 100 points, and a `risk` of 1 (1% of deposit, equating to $10 loss), the lot size would be 0.01. If `risk` is 10, the lot size would be 0.1.

Martingale Option: If `martin` is set to true and the last trade was closed with a loss, the risk for the next trade is multiplied by the `koef` factor.

Standard Lot Calculation: If `martin` is set to false, the EA calculates the lot size as a percentage of the current account balance.

Breakeven and Trailing Stop

Breakeven: If a position reaches a profit of `profit_level` points, the stop loss is moved to `sl_plus` profit points.

Trailing Stop: If a position reaches a profit of `profit_level2` points, the stop loss will trail the price at a distance specified by `trailingstop2` points.

You may also like: ATR Trend Guard MT5: Dynamic EMA Crossover Expert Advisor with Integrated Risk Management - excellent alternative for expert users on MetaTrader 5.

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• This tool is provided for educational and testing purposes only.
• Past performance does not guarantee future results.
• Trading involves substantial risk of loss. Use on a demo account first.
• Results may vary depending on market conditions, broker, and settings.
• We recommend thorough backtesting and forward testing before using with real funds.