TrendTrigger AutoCloser EA

Category: Trending Market

Last updated: 2024-09-18

Terminal: MT4

Preferred pairs: All

Timeframe: Any

This EA monitors existing trades and automatically closes all profitable positions when a moving average crossover signal is detected. Additionally, it provides real-time statistics for individual buy and sell profits, along with the number of open buy and sell orders, allowing traders to stay fully informed about their positions and profits.

 

Parameters:

 

• MA Type (Simple, Exponential, Smoothed, Linear Weighted): Select the type of moving average for crossover signals.
• Fast MA Period: Set the period for the fast-moving average.
• Slow MA Period: Set the period for the slow-moving average.

 

 

When Is This EA Useful?

 

• Trend Reversals: Perfect for securing profits when market trends reverse, without manually tracking every trade.
• Swing Trading: Great for swing traders who rely on moving average crossovers to determine optimal exit points.
• Exit Automation: Ideal for traders who prefer manual entries but want an automated exit strategy based on a proven crossover approach, with live stats to track their performance.

 

Strategy:

 

4-Hour Moving Average Crossover Strategy with TrendTrigger AutoCloser EA

 

Time Frame:

• 4-Hour Chart (H4): Provides a balance between noise reduction and capturing trend swings.

Indicators:

• Exponential Moving Average (EMA):
  • Fast EMA (10-period)
  • Slow EMA (25-period)

Entry Rules:

• Buy Trade:

  1. Wait for the fast EMA (10) to cross above the slow EMA (25) on the 4-hour chart, indicating a bullish trend.
  2. Manually place a buy order after the crossover is confirmed with a minimum of 3-4 candlesticks showing continued upward momentum.
  3. Place a stop loss below the recent swing low or 50 pips away, whichever is closer.

• Sell Trade:

  1. Wait for the fast EMA (10) to cross below the slow EMA (25) on the 4-hour chart, indicating a bearish trend.
  2. Manually place a sell order after the crossover is confirmed with 3-4 candlesticks showing downward momentum.
  3. Place a stop loss above the recent swing high or 50 pips away, whichever is closer.

Exit Rules:

• TrendTrigger AutoCloser EA automatically handles the exit strategy:
  1. When the next crossover occurs (either fast EMA crossing below slow EMA for a buy trade or crossing above for a sell trade), the EA will automatically close all profitable positions.
  2. This ensures that traders lock in profits at the right moment based on clear trend reversal signals.

Additional Considerations:

• Keep risk per trade between 1-2% of your account by adjusting the lot size accordingly.

• Avoid opening Deals in Range Market.