e-BJF-AMA-Trend expert opens market orders in the direction of main trend after small trend retreats.
Main trend direction recognized by Adaptive Moving Average of Perry Kaufman.
We have main up trend if the price is above AMA indicator.
We have main down trend if the price is below AMA indicator.
Small trend retreats recognized by Fractals indicator.
Every Lower fractal on main up trend is signal to Buy.
Every Upper fractal on main down trend is signal to Sell.
StopLoss calculated as vertical shift in pips from last fractal that initiates the trade.
Fixed TakeProfit is available.
Extra close condition: 2 bars closed on opposite side of AMA (possible change of the trend).
We close all Buy trades if 2 bars closed below AMA.
We close all Sell trades if 2 bars closed above AMA.
Click to view Back Test
Simultaneous amount of open trades based on fractals count per trend.