And stop and reverse MT4 is an indicator-free trend advisor.
The And stop and reverse MT4 Expert Advisor trades on any currency pair and on any timeframe. The strategy is based on tracking an open trade with a trailing stop and reversing the trade when the trailing stop is triggered. The first position is opened when Buystop or Sellstop orders open above and below the current price are triggered. On Friday, at 23 hours terminal time, all positions and orders are closed for the weekend. An additional control is to set the Buylimit order much lower than the current price – while new orders are not opened, and the old ones are accompanied by an Expert Advisor. It is recommended to enable the Expert Advisor before important events – interest rate decisions, nonfarm, etc.
- LOT – a continuous lot size;
- TrailingStop-the main optimized parameter – about 38 points for 4-digit quotes (380 points for 5-digit quotes);
- TP-takeprofit, it is recommended to increase indefinitely;
- magic – the magic number by which the EA distinguishes its positions.