SmartBar SMA Trader with ATR & Break-Even Protection
Overview:
SmartBar SMA Trader is a fully automated trading robot designed for forex and CFD traders who want a safe, strategic, and efficient approach to the market. The robot combines technical indicators, risk management, and adaptive trade management to maximize potential profits while controlling risk.
Key Features:
- Trend & Price Action-Based Entry:
- Uses the 50-period SMA to identify market trend direction.
- Checks the last bar formation to determine if the market is ready for a long or short position.
- Only executes trades when price and trend align, minimizing false signals.
- ATR-Based Stop Loss & Take Profit:
- Automatically calculates Stop Loss and Take Profit based on market volatility using the Average True Range (ATR).
- Dynamic SL/TP adjusts to current market conditions, protecting your capital during high volatility.
- Trailing Stop & Break-Even Protection:
- Trades are protected with a trailing stop, which locks profits as the market moves in your favor.
- Break-even feature moves the stop loss to your entry price after a defined profit level is reached, ensuring no loss on winning trades.
- Customizable Risk Management:
- Set your risk per trade as a percentage of your account balance.
- Control allowed trade directions (long/short), maximum spread, and trade timing.
- Optional EMA & RSI Filters:
- Filter trades using EMA or RSI conditions to trade only in strong trend areas or avoid consolidation zones.
- Helps to further reduce poor-quality entries.
- User-Friendly Parameters:
- Fully adjustable lot size, ATR multipliers, SMA periods, and trade labels.
- Easy to optimize for different currency pairs or trading styles.
- Automatic Trade Management:
- Handles entries, exits, stop losses, take profits, trailing stops, and break-even adjustments automatically.
- Reduces manual intervention and emotional trading.
Why SmartBar SMA Trader?
This robot is perfect for traders who want a hands-free, rule-based trading strategy with advanced risk management. By combining SMA trends, price action, ATR volatility, and break-even protection, it offers a balanced approach: aiming for consistent profits while safeguarding your capital.
Risk Disclaimer
Trading involves risk. Past performance does not guarantee future results.
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