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Trend Guard Pro

September 28, 2024

Trend Guard Pro

Description:

Trend Guard Pro is an advanced MT5 trading robot that focuses on identifying and capitalizing on trend patterns using a combination of CCI (Commodity Channel Index) and Moving Averages (MA). It is designed to detect patterns, confirm signals, and manage trades efficiently by setting Stop Loss (SL) and Take Profit (TP) levels based on market conditions. The EA supports both long and short trades, with the ability to close trades based on patterns or expiration times. Trend Guard Pro is suitable for traders who want an automated, trend-following solution with customizable settings.

User Manual:

Installation Guide:

    1. Download the EA and place the file in the Experts folder of your MT5 terminal.
    2. Open the MT5 platform and navigate to the Navigator window.
    3. Locate the Trend Guard Pro EA under the ‘Expert Advisors’ section.
    4. Drag and drop the EA onto the chart of the desired currency pair.
    5. Configure your settings, such as Stop Loss, Take Profit, and lot sizes.
    6. Press ‘OK’ to activate the robot on your selected chart.

Working Mechanism:

    1. Trend Detection: The EA uses a combination of the CCI indicator and Moving Average (MA) to determine the market trend and identify trading opportunities.
    2. Signal Generation: After detecting a pattern, the EA confirms the signal and decides whether to open a buy or sell position based on market conditions.
    3. Order Execution: If the signals are confirmed, the EA will place trades with predefined SL and TP. The robot will also close trades when an exit signal is generated or the holding time expires.

Supported Currency Pairs:

    1. All major pairs, including EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD.
    2. Can also be used with commodities, indices, and cryptocurrencies (tested settings required).

Recommended Time frames:

    1. Best performance observed on M1, M5, M15, and M30 time frames.
    2. Works across different time frames depending on market volatility and trader preferences.

Settings:

InpSL (Stop Loss):

    1. Set your Stop Loss in points. If left blank, the EA will use the current market spread.
    2. Default: 100 points.

InpTP (Take Profit):

    1. Set your Take Profit in points. If left blank, the EA will use the current market spread.
    2. Default: 200 points.

InpSlippage:

    1. Set slippage in points to control the deviation between the expected and actual price of execution.
    2. Default: 3 points.

Inp Magic Number:

    1. The magic number that identifies trades placed by this EA.
    2. Default: 123456.

InpMAPeriod (MA Period):

    1. The period used for the Moving Average calculation to detect trends.
    2. Default: 14.

InpPeriodCCI:

    1. The period used for the CCI indicator.
    2. Default: 20.

InpAverBodyPeriod:

    1. Set the average body period for pattern detection.
    2. Default: 10.

InpLot:

    1. Set the lot size for trading.
    2. Default: 0.1 lots.

Inp Duration:

    1. Duration of holding a position (in bars). The EA will close trades after this period if expiration is enabled.
    2. Default: 0 (no expiration).

FAQ:

Q: What is the purpose of the Stop Loss and Take Profit settings?
A: The Stop Loss (SL) is a safety net that limits losses if the market moves against your trade, while Take Profit (TP) locks in your profits once the market reaches a favorable level. You can customize both values based on your risk tolerance.

Q: Can Trend Guard Pro work on any currency pair?
A: Yes, Trend Guard Pro is designed to work with all major currency pairs. However, testing different pairs is recommended to find the best performance for your trading strategy.

Q: What happens if my MT5 terminal is disconnected?
A: Trend Guard Pro will continue functioning once your terminal is reconnected to the server. It will not lose track of open positions or signals. Ensure your MT5 terminal remains connected for optimal performance.

Q: Does the EA work on all time frames?
A: Yes, the EA can work across all time frames. However, for better trend detection, shorter time frames like M1, M5, M15, and M30 are recommended.

Q: Can I run multiple instances of Trend Guard Pro on different pairs?
A: Yes, you can run multiple instances of the EA on different charts simultaneously. Each instance should have a unique magic number to differentiate between trades.

Q: What should I do if I encounter an error while running the EA?
A: Ensure all settings are correctly configured, including symbol availability, indicator settings, and lot size. You may refer to the journal log for detailed error messages.

Additional Notes:

  • Backtest the EA with historical data before using it on a live account to understand its behavior and performance.
  • Ensure your account has adequate balance and leverage to accommodate the selected lot sizes and risk parameters.
  • Always test on a demo account before using it on live funds to understand market conditions and the robot’s settings.

 

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