Sector
The Sector Expert Advisor opens trades based on the built-in Trend Strength indicator. Similar to the indicator, it also works with tick history. Values of the built-in indicator serve as filters for reducing the number of losing trades.
The Sector EA tracks the tick history and uses it to determine short-term "explosive" trend movements, where the trend will be directed in the future. Sector uses two types of market entry:
- The EA opens a position the moment a signal is received from the built-in indicator.
- The EA enters the market at the Open price of the next bar after receiving the signal.
It is recommended to use an aggressive ratio of Stop Loss to Take Profit in order to let profit grow during the subsequent development of the trend. The default parameters of the expert are configured for trading USDCAD on the D1 timeframe. By default, Take Profit is set two times greater than Stop Loss.
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