taseeer
Well-known member
The MetaMaster Forex Expert Advisor (EA) is a trend-following strategy that uses three indicators to find trading opportunities:
Here is a more detailed explanation of how the EA works:
- ATR MA Oscillator: This indicator measures the difference between the current price and a moving average of the ATR (Average True Range). It can be used to identify overbought and oversold conditions.
- SuperTrend v2: This indicator is a trend-following indicator that uses a moving average and an ATR to identify the direction of the trend.
- Accelerator Oscillator: This indicator measures the difference between two moving averages of the price. It can be used to identify overbought and oversold conditions, as well as momentum.
- The ATR MA Oscillator is positive.
- The SuperTrend v2 indicator is in an uptrend.
- The Accelerator Oscillator is positive.
- The ATR MA Oscillator is negative.
- The SuperTrend v2 indicator is in a downtrend.
- The Accelerator Oscillator is negative.
- The price moves in the opposite direction of the trade by a certain amount (the take profit level).
- The price moves in the opposite direction of the trade by a certain amount (the stop loss level).
- The EA detects a trend reversal.
Here is a more detailed explanation of how the EA works:
- The EA calculates the values of the three indicators at the beginning of each bar.
- The EA then checks to see if all three indicators agree that the market is going to move in a certain direction.
- If all three indicators agree, the EA opens a position in that direction.
- The EA then monitors the market and closes the position when one of the following conditions is met:
- The price moves in the opposite direction of the trade by a certain amount (the take profit level).
- The price moves in the opposite direction of the trade by a certain amount (the stop loss level).
- The EA detects a trend reversal.
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