Follow and Trap
This EA is designed for semi-automatic trading. It helps traders catch successful kickbacks with a significant movement in the price chart.
Instructions
- Wait until the price begins to move quickly on the required timeframe. Use custom indicator Average Speed, which can be downloaded free of charge from the Code Base, to determine the high-speed movement of the price.
- Select "Follow & Trap "in the Navigator and run it on the chart.
- When the price goes up, holding true for "FollowUp" parameter, and the value of "FollowDown" leave as is.
- Adviser to place an order Sell Stop at a distance below the price specified in the parameter "Distance". If the price continues to go up, the order will follow it until the rollback and operation. Advisor will monitor your profitable positions, using the built-trailing stop.
- When the price goes down, holding true for "FollowDown" parameter, and the value of "FollowUp" leave as is.
- If you want to open a new position, complete the work of an expert, and start it again.
Input parameters
- Followup - to catch the ability to roll back when the price moves up;
- FollowDown - catching ability to roll back when prices move down;
- Lot - a fixed trading volume;
- Distance - the distance from the price in pips to set the stop orders;
- SL - Stop Loss in pips;
- TP - Take Profit in pips;
- UseTrailingStopLoss - modification function includes Stop Loss positions in the movement direction prices in the lucrative;
- UseTrailingTakeProfit - function includes modifications take profit position in the lucrative direction so that the price is not touched at this level at breakage of communication between the terminal server and the broker;
- TrailingStep - distance in pips, which must pass the price to change expert of Stop Loss or Take Profit.
Video
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