The Trend Titan robot employs a combination of technical indicators, including Moving Averages (MME), Relative Strength Index (RSI), BullsBears Impulse, and the Average Directional Index (ADX), to identify potential trends in the market. The strategy is executed when specific conditions are met, such as the alignment of fast and slow moving averages, RSI levels within a certain range, and the presence of bullish or bearish impulses.
Risk Management: Trailing Stop Loss
The Trend Titan robot features a dynamic trailing stop functionality. Traders can enable or disable the trailing stop.
If enabled, the algorithm monitors open positions and adjusts the stop-loss levels based on market movements. The trailing stop triggers when the market moves in a favorable direction beyond a specified threshold ("Trigger"). It then trails the market, maintaining a set distance behind the current price with each step ("Trailing Step"). This feature aims to secure profits during favorable market conditions while allowing room for potential upward movements.
- Take Profit: 300 pips
- Stop Loss: 120 pips
- Trailing Stop Enabled
- Trailing Stop Trigger: 150 pips
- Trailing Stop Step: 50 pips
- Slow MA Period: 100
- Fast MA Period: 20
- RSI Period: 10
- ADX Period: 7
- BullsBear Period: 5
THE STRATEGY IS ADAPTED TO THE USDJPY 12 HOUR CANDLES
Use at your own risk!!
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// // The author hid the code of this algorithm
- Type: Free
- Language: C#
- Trading Platform: cTrader Automate
- Filename: Trend Titan.algo
- Rating: 0
- Installs: 188