Multi-Timeframe Tipu Trend Entries with Stop and Position Management

Summary

This educational expert advisor uses Tipu Trend signals on a 15-minute chart, confirmed by the hourly trend. It checks the distance to a swing-low or swing-high stop derived from Tipu Stops against a user-set risk limit before opening one trade per signal. The default order size is 0.01 lots, and users can configure take-profit and stop-loss settings.

Trade management can add to a profitable position while moving the stop to break-even, or trail the stop in profit increments while retaining a cushion from the current price. Settings also control hedging and closing positions on reverse signals. The description explains the rules and adjustable parameters but gives no backtest, live results, or evidence of profitability. Performance depends on the indicator signals, chosen parameters, broker conditions, and risk settings.

Key ideas

• The EA enters on 15-minute Tipu Trend signals that agree with the hourly trend.
• A Tipu Stops swing level is checked against a user-defined risk limit before entry.
• The EA can add to a profitable position and move the stop to break-even.
• Its step-based trailing stop locks in gains while leaving a cushion from market price.
• The description is educational and supplies no performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.