rail way

Replenishment date: 20.06.2016
Content: RailWay.ex4 (103.32 KB)
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Description
Ladies and Gentlemen,
Let me introduce you the new RailWay trend advisor. This EA uses a unique trend detection algorithm, which achieves the effect of a clear trend following, as the train moves on the rails.
The EA uses a multi-timeframe trend detection algorithm that simultaneously checks the trend direction on all timeframes from M1 to D1. To filter false signals, it is proposed to use a filter based on the MACD indicator. Thanks to this technology, the EA clearly chooses the entry point.
To close orders, the take profit and stop loss levels are set in the EA parameters. The Expert Advisor can offer you to indicate these levels both in the classic form (in points of the instrument used), and as a multiplier to the value of the Average True Range indicator.
The EA also provides the following disabled order support functions:
◾transferring the stop-loss level to breakeven when the specified profit value is reached;
◾trailing stop.
By analogy with stop-loss and take-profit levels, the value of the breakeven and take-profit zone can be specified both in points and as a multiplier to ATR. At the same time, the advisor clearly works out if both parameters are specified (the minimum at the moment is used).
Let's take a look at the EA parameters:
◾Fixed lot - a fixed lot is indicated;
◾Margin pressure,% (0 - use Fixed lot) - margin load on the account for 1 order;
◾Maximal Lot - Limitation of the maximum possible volume of one order. "0" - the function is disabled;
◾Slippage, points - the maximum allowable slippage level in points of the used instrument;
◾Classic TakeProfit, points - the classic take profit level in points of the instrument used. "0" - the function is disabled;
◾Classic StopLoss, points - classic stop loss level in points of the instrument used. "0" - the function is disabled;
◾Maximal Spread - maximum spread for opening an order. "0" - the function is disabled;
◾ATR period - period of the ATR indicator used to calculate the dynamic levels of take profit, stop loss, trailing stop and breakeven;
◾TakeProfit multiplier, ATR * X - multiplier for calculating the dynamic take profit level. "0" - the function is disabled;
◾StopLoss Multiplier, ATR * X - multiplier for calculating the dynamic stop loss level. "0" - the function is disabled;
◾Magic - magic number for selection of EA orders;
◾Classic Trailing Stop On / Off - enable / disable the classic trailing stop function;
◾Trailing Stop, points - the level of the classic trailing stop in points of the instrument used;
◾ATR Trailing Stop On / Off - enable / disable the dynamic trailing stop function based on the ATR indicator;
◾Trailing Stop multiplier, ATR * X - multiplier for calculating the dynamic trailing stop level;
◾Breakeven level, points - the amount of profit to be fixed when the level of fixing the breakeven is reached in points of the instrument used;
◾Classic Breakeven On / Off - enable / disable the classic breakeven function;
◾Profit to activate Breakeven, points - the classic profit level for moving the stop loss order to breakeven zones;
◾ATR Breakeven On / Off - enable / disable the dynamic breakeven function based on the ATR indicator;
◾Breakeven multiplier, ATR * X - multiplier for calculating the dynamic profit level for moving the stop loss order to breakeven zones;
◾Use filter On / Off - enable / disable the signal filter based on the MACD indicator;
◾Timeframe of indicator- timeframe for calculating indicators of ATR and MACD indicators;
◾Period of Fast EMA - period of the fast moving average of the MACD indicator;
◾Period of Slow EMA - period of the slow moving average of the MACD indicator;
◾Signal Period - period of the signal line of the MACD indicator;
◾Price Applied - prices used to calculate indicator values
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