Gegatrend EA is a cost averaging system with a sophisticated algorithm.

It is secured by a built-in “News WatchDog” that suspends trading during news events.

For full description: https://www.mql5.com/en/blogs/post/711269

Watch how it works: https://youtu.be/j17AR3uq6yI

Parameters

• SR timeframe long — timeframe for support/resistance leveling long direction.
• SR distance long — minimum distance in pips between long trades.
• SR level long — the number of trades to start using SR levels for long direction.
• SR timeframe short — timeframe for support/resistance leveling short direction.
• SR distance short — minimum distance in pips between short trades.
• SR level short — the number of trades to start using SR levels for short direction.
• EAWorkMode — switch between BacktestMode or LiveMode.
• DrawingOn — show past news on chart.
• ShowDashboard — show statistics on chart.
• ShowBalance — show balance on chart.
• GMTOffSetOfBroker — the GMT offset between your broker and GMT time.
• Trade comment — a comment to trades.
• MagicNumber — trades ID.
• MoneyManagement — FixedLot/UseMM. Use fixed lot to trade or money management.
• Start Balance — the balance to use when MoneyManagement is chosen.
• LotSize — lot size.
• Risk — percent of the start balance to use for trading.
• TradingDirection — the direction you wish to trade.
• MaxSpread — maximum spread to allow trades.
• PauseLong — pause long trades in case a long trade or basket of trades are being managed. The EA will continue managing until the trade/basket is closed then “Pause”.
• PauseShort — pause short trades in case a short trade or basket of trades are being managed. The EA will continue managing until the trade/basket is closed then “Pause”.
• PauseFollowLong — pause leveling (adding more trades) for long trades.
• PauseFollowLong — pause leveling (adding more trades) for short trades.
• TakeProfitLong — take profit for long trades.
• TakeProfitShort — take profit for short trades.
• Use_SL — true/false.
• Stop by money Long — stop loss for long direction (percent).
• Stop by money Short — stop loss for short direction (percent).
• List of symbols for news filter — currency symbols to choose for filtering the news. Example: USD,EUR,GBP,CHF,CAD,AUD,NZD,JPY.
• Show lines for news in the past — show old news on chart (slows backtesting).
• Pause Long before a critical news — minutes to pause before a critical news.
• Pause Long after a critical news — minutes to pause after a critical news.
• Pause Long before medium news — minutes to pause before a medium news.
• Pause Long after medium news — minutes to pause after a medium news.
• Pause Long before a low news — minutes to pause before a low news.
• Pause Long after a low news — minutes to pause after a low news.
• Pause Short before a critical news — minutes to pause before a critical news.
• Pause Short after a critical news — minutes to pause after a critical news.
• Pause Short before medium news — minutes to pause before a medium news.
• Pause Short after medium news — minutes to pause after a medium news.
• Pause Short before a low news — minutes to pause before a low news.
• Pause Short after a low news — minutes to pause after a low news.
• PauseAfterLevelOrdersLong — level to pause for long trades.
• PauseAfterLevelOrdersShort — level to pause for short trades.
• DrawdownInCash — amount that you wish to receive push notification when it is reached.
• SendPushNotificationOnDD — send push notification about your drawdown.
• StartTradingInMondayTime — time to start trading on Mondays.
• EndTradingInFridayTime — time to stop trading on Fridays.
• PauseBasketOnNews — pause adding levels when news event happen.
• MinBarDistanceLong — minimum bars to allow a long level.
• MinBarDistanceShort — minimum bars to allow a short level.
• UseMAfilterLong — moving average filter for long direction enable/disable.
• MAperiodLong — moving average period for long direction.
• MAlevelLong — moving average level to allow Long direction (in points).
• UseMAfilterShort — moving average filter for short direction enable/disable.
• MAperiodShort — moving average period for short direction.
• MaShortPips — moving average level to allow short direction (in points).

In order for the "News WatchDog" Feature to function, you should check box “Allow WebRequest” and add “http://news1.gegatrade.com” into your WebRequest URL list