Trend-Following Forex EA with EMA, Stochastic, ATR, and News Filters
Summary
TrendCollector is described as a forex expert advisor that combines price action, Stochastic crossings, and moving-average conditions. Its logic considers the speed of a fast EMA, the behavior and distance of a slow EMA, and price position relative to that slower average. Trade size varies with ATR and time of day, while configurable stop-loss and take-profit distances distinguish higher- and lower-volatility conditions. The EA also sets limits for open trades, spread, slippage, free margin, session hours, and pauses between entries.
A news filter can avoid entering trades near currency-related calendar events, using an external news feed. The document lists adjustable inputs but does not provide exact strategy rules, parameter values, historical testing, or performance evidence. It mentions that a zone-recovery approach for trades moving against positions remains a future item, so the described system does not establish how losing trades are managed beyond its listed controls. Its claim of applicability to accounts of different sizes is unsupported by results in the text.
Key ideas
- The EA combines price action, Stochastic crossings, and fast and slow EMA conditions.
- ATR and time of day affect trade sizing, while volatility conditions select profit-target settings.
- Configurable controls cover trade counts, session hours, spread, slippage, margin, and entry pauses.
- A calendar-news filter can block entries near relevant events.
- The document provides no backtest evidence and leaves recovery handling as future work.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.