A Comprehensive Trend-Following Strategy based Expert Advisor

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This expert advisor is a sophisticated trading strategy that relies on three key indicators to identify potential trading opportunities:

1. ATR MA Oscillator:

• Measures the deviation between the current price and a moving average of the Average True Range (ATR).
• Identifies overbought and oversold market conditions.

1. SuperTrend v2:

• A trend-following indicator utilizing a moving average and ATR to determine the prevailing trend direction.

1. Accelerator Oscillator:

• Measures the variance between two moving averages of the price.
• Identifies overbought and oversold conditions while assessing market momentum.

Trading Conditions:​

Long Position:​

• Positive ATR MA Oscillator.
• SuperTrend v2 indicates an uptrend.
• Positive reading on the Accelerator Oscillator.

Short Position:​

• Negative ATR MA Oscillator.
• SuperTrend v2 signals a downtrend.
• Negative reading on the Accelerator Oscillator.

Position Management:​

• Opening Positions:
  • Requires unanimous agreement from all three indicators on market direction.
• Closing Positions:
  • Triggered by an opposing signal from all three indicators.
  • Closing conditions include reaching predetermined levels (take profit or stop loss) or detecting a trend reversal.
• Trailing Stop:
  • Implements a trailing stop to safeguard profits during favorable market movements.

Trading Process:​

1. Indicator Calculation:

• Compute indicator values at the start of each bar.

1. Signal Confirmation:

• Confirm consensus among all three indicators for market direction.

1. Position Opening:

• Open a position if conditions align.

1. Monitoring and Management:

• Constantly monitor market conditions.
• Close positions based on specified criteria (opposite signal, take profit, stop loss, or trend reversal).

1. Trailing Stop:

• Use a trailing stop to protect profits as the market moves favorably.

1. Iterative Process:

• Move to the next bar and repeat the trading process.

Important Considerations:​

• Complexity:
  • The strategy is intricate, relying on multiple indicators for decision-making.
• Risk Management:
  • Incorporates risk management through stop loss, take profit, and trailing stop mechanisms.
• Continuous Monitoring:
  • Demands ongoing vigilance of market conditions.
• Trend Reversal Detection:
  • Positions are closed when a trend reversal is detected.
• Live Trading Caution:
  • Prudent understanding of the strategy is crucial before applying it to a live trading account.