Euro Dollar Trend Trader EA By Seller:

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Description

Euro Dollar Trend Trader EA Backtest Statistics With Auto Lot

Euro Dollar Trend Trader EA Backtest Statistics No Auto Lot

Euro Dollar Trend Trader EA Backtest Graph With Auto Lot

Euro Dollar Trend Trader EA Backtest Graph No Auto Lot

This EA (Expert Advisor) employs a trading strategy that targets the 1-hour chart (1H) of EURUSD, designed to respond to short-term trend fluctuations.
Below, we provide a detailed explanation of this EA’s features, trading logic, and parameter settings.

Features and Overview of the Trading Logic

1. Trading Logic

This EA incorporates two independent trading logics.
Each logic uses different technical indicators to determine entry and exit decisions, allowing for flexible adaptation to market fluctuations.

Both logics employ a mechanism to detect trend formation and make entries, supporting both buy and sell operations.

• Logic 1: Uses Bollinger Bands, Parabolic SAR, and ATR
  • An entry signal is generated when specific conditions of the Bollinger Bands are met, with entry points determined by combining Parabolic SAR and ATR.
  • Exits are managed using trailing stops and other exit conditions, ensuring controlled closure of positions.
  • This logic emphasizes a balanced approach to risk and reward, promoting stable trading.
• Logic 2: Uses Bollinger Bands and ATR
  • An entry signal is generated based on specific conditions of the Bollinger Bands, with ATR utilized to determine entry points.
  • Exits are managed through trailing stops and specified time frames, focusing on optimizing the holding period of positions.

2. Trend Detection and Entry

The EA utilizes specific indicators to detect trend formation and make timely entries.
This enables efficient trend following, aiming for maximum profit potential.

3. Stop Loss and Trailing Stop

Every position is set with an individual stop loss, ensuring robust risk management.
Additionally, when a position moves in the profitable direction, a trailing stop follows the profit, raising the stop loss accordingly to maximize profit potential.

This helps secure gains effectively.

4. Capital Management with Compounding

This EA allows users to leverage compounding, aiming for substantial profits even from a small initial capital.
With compounding, lot sizes adjust automatically based on account balance, accelerating capital growth.

Fixed lot size options are also available, offering flexible risk management according to user preference.

Detailed Parameter Settings

Logic 1 Parameters

• MagicNumber1: Identifier for trades. This allows for easy identification when multiple EAs are running simultaneously.
• BBBarClosesPeriod1: Specifies the calculation period for Bollinger Bands, which is used to generate entry signals.
• ExitAfterBars1: Sets the maximum number of bars after entry before a position is closed.
• MTATRPeriod1: Defines the calculation period for ATR (Average True Range), determining entry points.
• PriceEntryMult1: Multiplier used for adjusting the entry price.
• ProfitTarget1: Sets the profit target percentage, with automatic position closure upon reaching this level.
• StopLoss1: Sets the stop loss in pips, minimizing potential losses.
• TrailingStop1: Sets the trailing stop distance in pips, securing profits as they increase.

Logic 2 Parameters

• MagicNumber2: Trade identifier.
• BBBarClosesPeriod2: Calculation period for Bollinger Bands.
• ExitAfterBars2: Exit setting based on the maximum number of bars.
• ProfitTarget2: Profit target setting.
• StopLoss2: Stop loss setting in pips.
• TrailingStop2: Trailing stop setting in pips.

Capital Management and Exit Settings

• Use Money Management: When set to true, the compounding feature activates, adjusting lot sizes based on account balance.
• mm Risk Percent: Sets the risk percentage, with recommended values ranging from 0.5% to 2.0%.
• mm Lots If No MM: Fixed lot size if capital management is disabled.
• Exit On Friday: Determines whether to close all positions on Fridays.
• Friday Exit Time: Sets the time for closing positions on Fridays.

Conclusion

This EA targets the 1-hour chart of EURUSD, focusing on a trend-following strategy aimed at generating stable returns.
It strengthens risk management with strict stop loss settings and the use of trailing stops, while also allowing for compounding growth to enhance capital over time.

The EA offers flexible and effective trading for traders seeking both stability and growth.