Courses Infomation

Expert Smart Trend MT4

The trading system operates on seven pairs and one timeframe. The Expert Advisor uses trading systems for trend-based entries with the help of the Envelopes and CCI indicators. Each indicator uses up to five periods for calculating the trends. The EA uses economic news to calculate the prolonged price movements.

The EA has the built-in smart adaptive profit taking filter.

The robot has been optimized for each currency and timeframe simultaneously.

Economic news are used.

For the EA operation, open “Tools” > “Options” > “Expert Advisors”. Check the option “Allow WebRequests for listed URL:”. Add https://ec.forexprostools.com, https://time.is/UTC and click OK.

For the strategy tester: the EA provides integrated data on economic news from 2008.01.01 to 2019.05.01.

The robot does not require all ticks in history. For quick test, use:

Tick simulation methods:
- Control points (nearest less timeframe) or Open prices only (quick method on complete bars).

Pairs and timeframe

The EA optimized for the following pairs:
1. EURUSD / M5
2. GBPUSD / M5
3. GBPJPY / M5
4. USDCHF / M5
5. USDJPY / M5
6. AUDUSD / M5
7. GBPAUD / M5
8. GBPCAD / M5
9. EURAUD / M5
10. EURCAD / M5
11. GBPCHF / M5
12. NZDUSD / M5
13. GBPNZD / M5
14. EURNZD / M5

Requirements and recommendations

It is recommended to install the EA on one chart, you can enable and disable currencies in the settings.
The minimum recommended balance for the EA’s use with the recommended pairs and timeframes – $1000 or $10 on a cent account.
5-digit brokers.
VPS.

Parameters

EURUSD / M5 – if true, use EURUSD M5;
EURNZD / M5 – if true, use EURNZD M5;

Magic_Start – ID of EA’s trades.
Magic_Finish – ID of EA’s trades.
Symbols_Prefix(Suffix)_Name – enter the prefix (suffix) ONLY if the name of the symbols uses a suffix (for example: “m.”(“.m”) if the symbol name is “m.EURUSD”(“EURUSD.m”));
Use_Risk_StopLoss – The risk-based stop loss.
- Custom_balance – FreeMargin = false or Balance = true.
- Percentage Risk — interest risk based on stop loss.
Fixed_Lot – fixed lot (if Use_Risk_StopLoss is false);
Order Type – trading direction;
Order Comment – comments to orders;
Slippage – allowed slippage before an order is triggered;
Show_Info_Panel – use the information panel (false – faster backtest);
Show_additional_panel – use the info panel for profit indicator per each month, for backtest only;
Adaptation of the spread to the stop loss – adapt the stop loss to spread;
Max Spread – maximum allowed spread;
Stop strategy trend – disable trend-following trading for a certain time (from 5 minutes to 24 hours) if the average spread exceeds Max_Spread;

Economic news filter:
- use_high(medium/low)_news – trade high/medium/low-impact news;
- News_update_every_N_minutes – update news every N minutes;
- Colors of news lines on the chart;
  - Show time on lines – show time for news lines;
  - Style/width_Lines – style/width of lines.