SciBit Trend Trader
Trend Trader (TT) has been established as a reliable, well-researched, fully automated and works on the trend Advisor with built-in money management, risk and trade.
Briefly, TT allows you to choose between long-term and short-term timeframe. he then applies any combination of the 12 long-term trend indicators on timeframe and 13 signal lights on the short timeframe to determine suitable conditions for the trade. You can choose from 12 and 13 indicators and their combinations. In addition, you can make more than a hundred amendments to the properties to adjust for your strategy and in order to satisfy your appetite for risk.
The default settings / Demo example
At default settings, a demo or live accounts on this TT will trade conservatively by using the following default settings:
- Long timeframe D1, using trend indicators Ichimoku and TrendChaser (4 x MA)
- Short-term timeframe H1, using signal indicators Parabolic SAR and ADX Signal
- Timeframe D1 TP and SL are determined using ATR
- With the help of fractals, Parabolic SAR, and trailing stop automatically adapts SL
- Advisor closes the trade when the current long term trend reverses or loss exceeds 10% of the account balance
- Advisor makes no more than 2 trades on the same pair, and only after the first deal brought a profit, and price action is not less than 50 pips and 24 bars from the first open order
However, with the right set of TT Advisor properties can also be set for scalping or even used for swing trading strategies. Essentially, it is an excellent platform to develop their own strategies and to improve and optimize the properties according to the desired profit and risk. You can test hundreds of strategic combinations (182 combinations of 25 possible combinations of trend and signaling), without using a code, simply by changing the properties at the same time knowing that the advisor will manage your transactions and protect them.
Example №1:
With these changes in the settings:
- Lower_TF = PERIOD_M15
- Use_Always = True
- Use_PSARSignal = False
- Use_ATR_TP = False
- Use_ATR_SL = False
TT Advisor will trade (regardless of timeframe in which is your schedule) to M15, using only a signal ADX indicator, and sets a stop loss at 100 pips (that is the setting of stop-loss default) and take profit at 50 pips ( Take profit default). Thus, changing the properties of the 5, you created ADX adviser working on M15. Since you have set Use_Always = True, check the trend will be ignored (or in other words, the adviser will always perform as a transaction for the purchase or sale), and means for trade will need to be triggered only signal indicators. Since Use_ADXSignal Use_PSARSignal and the default is True, when installed in a false Use_PSARSignal will need to work only ADX indicator. Due to the presence at the moment only one signal indicator (ADX) responsive to a signal BUY or SELL, the signal will be considered as 100%, and EA will make transactions.
Example №2:
With these changes in the settings:
- Use_Ichi = false
- Use_TChaser = false
- Use_EMA = True
- Use_MACD = true
- Use_RSI = True
- Use_Stoch = True
- Use_ADXSignal = False
- Use_PSARSignal = False
TT Advisor will trade on the D1 and H1 (which are standard timeframes for Trend_TF and Lower_TF), using indicators EMA, MACD, RSI to determine the trend and signal Stochastic indicator to determine the market time and input. Since you are using a 3 trending indicator, working on the D1, at least two of them must be consistent with each other (with interest rates of 66% / 100%, which exceeds the Trend_Margin = 51%) before it is decided what is the trend (BUY / SELL). The stochastics there is only one signal light, and if he says BUY / SELL in the H1, which is consistent with the trend, the EA will trade. Thus, changing the properties of 8, using stochastic you have created a trend trader EMA / MACD / RSI, which is completely different from the default configured TT advisor.
As you can see SciBit Trend Trader Advisor actually represents hundreds of advisers in one set, which you can customize for your trading style. Or you can leave it as it is and trade with the default settings.
More ...
For more information and support provided by the link TrendTrader EA Home
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