CURRENCY TREND METER EA

 $29

Disclaimer :  We have not published any test results here because we do not want to encourage the purchase of this product by outsiders. This product is designed for Currency Trend Meter Indicator fans. Before you purchase this product , please download Currency Trend Meter ( Its free) . Make sure you use and play with the indicator and only purchase this EA if you feel the indicator is ok for your trading plans.

CURRENCY TREND METER REVIEWS ON MQL5.COM

Click Here to download Currency Trend Meter Indicator (its free)

 

ABOUT THIS EA

This expert adviser is designed based on the Currency Trend Meter indicator.
This EA enters trades using signals from the currency trend meter indicator. It measures the strength of a currency pair trend by measuring the offset / difference between the strength of both pairs. When the offset is above a user specified level, the EA enters a trade based on the direction of the pair. The minimum recommended offset is 3 .

Users of the currency trend meter indicator should understand by now that the indicator analyzes the Strength difference between two currencies and estimate the trend of that currency pair and the strength of the trend based on the analysis made.
The Currency Trend Meter EA is designed to work with the same basic logic as the Currency Trend Meter Indicator.  The EA works with the strength difference between two currencies. The greater the difference between the two currencies, the stronger the trend of the currency pair. Thus with this idea, you can enter trade signals only when the strength of the trend is strong enough to support your target profit pips. Go to Currency Trend Meter Description to read more on this. 

Features

Notification
 The Currency Trend Meter indicator lacks a notification system and that is covered in the EA. You are notified according to your preferences when the difference between two currencies reaches your specified value. The strength of a currency ranges from 0 to 10. The minimum difference / offset between two currencies recommended is 3.

Trade Management
The EA manages all your trades after they are entered . 

How It Works

Semi-Automation
The EA has a semi-automation option. When the strength difference between two currencies reaches your specification, trader receives notification, then immediately trader hits confirm trade button, trade is entered according to signal and set parameters on the EA.

Full Automation
When EA is fully automated trades are entered and managed (trail stop loss , close trades, move stop loss to break even)  automatically based on set parameters on the EA input menu.

INPUT MENU OPTIONS 

meter_offset ---------->  The minimum difference between two currencies that must be reached before notification is sent and trades opened.
magic ------------> Magic Number. So that EA manages only those trades opened by it
 lot      -------------> Trade volume
 use_risk   -------------> Calculate trade volume based on a percentage of your Account Balance (true / false)
 Risk_percent -----------> Percentage of Account Balance to risk
 risk_pip       --------------> Pips to use for calculating risk
 use_tp_sl    ---------------> use stop loss and take profit (true/false)
 SL_TP_Option -------------> Drop down menu containing (take profit  and stop loss type)
  TP               ---------------> Take profit
 SL               -----------------> Stop Loss
 Trail_stop    ------------------> Trail Stop (true/false)
 Trail_pips      --------------> Pips to use for trailing
Trail_step       ---------------> Step gap for trailing
 opposite_signal_exit ------------> Close orders on opposite signals (true /false)
 Break_even_Trail   --------------> Move stop loss to break even at certain pip movements in the positive direction
 BreakEvenPips       ---------------> Pip movements for break even trail
 enable_Trade_confirmation----------------> Confirm signals first before entering trades (true/false) . False means full automation (not recommended)
 Sound_alert  ----------------------------------->  enable sound alert on trade signal (true /false)
Email_alert    ----------------------------------->  enable email alert on trade signal (true /false)
Phone_alert   ----------------------------------->  enable phone alert on trade signal (true /false)


Note 1 : VERY IMPORTANT:: The EA cannot work on the strategy tester, for it t o work, both Currency Trend Meter Indicator and The EA must be loaded on the same chart you want to follow. Please make sure you are familiar with Currency Trend Meter Indicator before purchasing this EA.

Note 2: The EA sends notification at the beginning of each bar if your offset specifications are met so that you can follow up with offset of the pair until the signal you want to confirm with it is formed

Note 3 : Currency Trend Meter EA is a constant work-in-progress until it reaches perfection so if you have any idea for the EA optimization , kindly share on this blog so it can be optimized. 


     Thanks ,
Nesimeye I. Oswald