Trend Guardian Pro EA Manual, Strategies and Setfiles – My Trading – 20 November 2023

Before you start (Must Read!)

It’s imperative to understand that Trend Guardian Pro EA (TGP) is not a set-and-forget system; but an advanced, dynamic ally in your trading endeavors. TGP stands out in the realm of expert advisors by offering unprecedented customization options catering to individual trading styles and strategies. Whether you’re a scalper, a swing trader, or have a different approach, TGP can be tailored to meet your specific needs and goals, automating your trading operations with precision and reliability. Moreover, TGP is designed with proprietary trading firms (AKA Prop Firms) in mind, equipped with features that transcend basic automation. It allows for granular control over trading parameters, risk management settings, and operational toggles that can be instrumental in aligning it with strict trading mandates and risk protocols typical of prop trading entities. However, the power of TGP demands a good level of proficiency from its users. Familiarity with the fundamentals of forex trading, technical analysis, EAs and the Meta Trader (MT4 and MT5) platform is imperative. You should also be comfortable with basic risk management principles and have a clear understanding of your trading plan. Remember, TGP is a tool to implement your strategies automatically, not a magic wand or a holy grail that guarantees profits. It requires careful setup and informed decision-making about trading preferences and risk settings.

Configurations and Settings:

TGP settings are designed to provide you with extensive customization options to optimize your trading strategy. Settings are classified as below:

• Panel Settings
• Trend Starter Indicator Settings
• MAs Filter
• Cycles First and Top-ups Entries Settings
• Cycle Management Settings
• Account Management Settings
• General and Alerts Settings

Panel Settings:

You can customize whether to have a display on the chart or not, the text color and size, and the panel position by adjusting the X and Y values.  

Trend Starter Indicator Settings:

TGP operates on a unique concept of trading cycles, initiated by the integral Trend Starter Indicator (TSI). The TSI, embedded within TGP, initiates these cycles when the TSI parameters are met to trigger a signal, guiding the system to execute trades based on your predefined settings. TSI is a non-repaint indicator once plotted at the candle close. Although the TSI is a core component of TGP, it functions behind the scenes, not displaying signals on your charts. This design ensures a streamlined user experience. However, for traders desiring visual cues, we recommend acquiring the standalone TSI from the MQL5 marketplace. While not mandatory for TGP’s operation, visualizing TSI signals can provide additional clarity and insight into the initiation of trading cycles, enhancing your situational awareness.

Variables and lengths: TSI consists of two main oscillators (Variable 1 and 2) that provide a trading signal when they cross at the close of the candle. Variable 1 (blue) is the fast oscillator, while Variable 2 (Red) is the slow one. You can define both variables’ values and length. It is recommended to set the variables between 3 and 10, and the lengths above 4 (the lower the variables, and lengths, the higher number of signals, hence more noise). 

Sensitivity allows you to define the sensitivity of the cross overs. In so many instances, the variable values distance after the cross is extremely small, hence you would prefer to ignore it. It is recommended to set it between 0 and 2 (If you set it above that, you will get fewer signals).

HL for buy / LH for Sell filter: Is a unique filter that commands the TGP to consider a buy signal ONLY if the current cross signal was higher than the previous cross signal (Higher Low), and vice a versa (Lower High) for sell signal.

Max and min value for buy and sell:  You might not want to buy in an overbought condition, and vice a versa, hence you can use this filter to set the max variable 1 value to buy (or min to sell)

Divergence: This filter allows you to only consider the signals with divergence occurs between the highs and lows of the indicator vs. price. 

MAs Filter:

Trend Guardian Pro (TGP) incorporates Moving Averages filter that consists of three MAs with four different modes to enhance trade accuracy. These advanced settings will help pinpoint more precise entry points by highlighting broader market trends. In this section, we’ll unpack how TGP uses moving averages in tandem with its core features to optimize your trading outcomes. Dive in to understand this added layer of refinement.

MAs type: Select the desired MA type from a drop-down menu (EMA, SMA…. etc.)

MAs timeframe: Select the desired MA timeframe from a drop-down menu, (5min, 15min, 1hr, 1d…etc.) 

MA1,2 and 3 period: Input the desired MA(s) period for the selected MA(s). Input 0, and the relevant MA will be ignored. 

Current MAs filter mode: At the close of every candle, TGP will investigate the selected MA(s) and filter trades based on the selected filter mode. Let us take the below example, to explain the different MAs filter modes: Assume you selected Exponential MA, 1 hour time frame, MA1=10, MA2=50 and MA3=100.

Angle direction: If all three EMAs (10,50, and 100) are pointing up, then only BUY signals will be considered, and vice versa for a SELL. 

MAs position: If all three EMAs (10,50, and 100) are positioned on top of each other, then only BUY signals will be considered, and vice versa for a SELL (obviously if you selected this mode, you shall select at least two MAs in this option). Note: If the position order is 50, 10 and 200, then no signals will be considered. 

Price Position: If the current price is above all three EMAs (10,50, and 100), then only BUY signals will be considered, and vice versa for a SELL. Note: If the price is above the 50, and 200, but below the 10, then no signals will be considered. 

All: If all three EMAs (10,50, and 100) are pointing up, and positioned on top of each other, and the current price is above all three of them, then only BUY signal will be considered, and vice versa for a SELL. Note: If you select this, you shall expect fewer trades.

Cycles Direction: Determines the trading direction, either buying, selling, or both.

Allow Hedged Cycles: If set to “YES”, TGP allows buying and selling at the same time (Hedging). If “NO”, hedging is disabled.

TSI signal: When selected, the cycle will be initiated based on the signal and filter parameters previously selected. 

Manually: When selected, no automated cycle initiation will take please, and you will have to place the orders manually using the TGP panel 

Grid top-up: Top-up trades will be placed on a grid with predefined distance parameters from the previously open trade.

Candle close top-up: Trades will be placed at the close of each candle on the selected chart timeframe.

No top-up: Top-up trades will be disabled.

Top-up at loss: Top-up trades will only be triggered when account is in floating loss. 

Top-up at win: Top-up trades will only be triggered when account is in floating profit. 

Top-up at loss and win: Top-up trades will be placed whether the account is floating loss or profit.

Top-up by multiple: Top-up trade will be multiplied by this factor from the previous trade. 

Top-up by lot size: Top-up trade lot size will increase/decrease by this value from the previous trade. Note: -ve value means decrease, and +ve value means increase. 

Fixed grid gap: Chose this option to set your grid gap size.

Dynamic grid gap: Chose this option to let TGP calculate the grid gap based on a percentage of the Average Daily Range.

Don’t open any more trades: TGP will not open any more top-up trades for the cycle.  

Close the highest value and open a new entry: TGP will close the highest value trade within the open trades and will open the new top-trade.

Close the lowest value and open a new entry: TGP will close the lowest value trade within the open trades and will open the new top-trade.

No DDR: Simply opt-out of any DDR strategy. 

Negative DDR: When your cycle’s drawdown hits a defined percentage of the balance, TGP will start to limit this loss. It’ll do so by partially closing trades equivalent to a set percentage of the total drawdown.

Positive DDR: Here, TGP taps into the gains. It waits for trades to hit a positive percentage mark, and then uses a part of those profits to mitigate ongoing losses in the cycle.

Cycle floating loss to START DDR: If you opted in for DDR (whether negative or positive DDR), you need to define the draw down value (as a % of balance), of which the DDR algorithm will be activated.

Cycle floating loss to STOP DDR: This is the draw down value (as a % of balance) when reached, the DDR algorithm will be deactivated.

Negative DDR loss split %: Under the Negative DDR setting, when drawdown reaches the activation threshold, specify how much of the drawdown you’d like to tackle. For instance, if set at 25% for a $400 drawdown, TGP will adjust trades, effectively reducing the drawdown to $300, realizing a $100 loss.

Positive DDR min profit %: With Positive DDR active and once the cycle floating loss to start DDR is reached, TGP looks out for any trades that has a positive float to achieve this percentage profit to use it to close partial volume from the losing trades.

Positive DDR banked profit split %:  Once the previous parameter is reached, TGP will close the positive float trade, against partial volume from the losing trades, and bank this % from the positive float.

Example: On an account of 10K, where positive DDR is active, and set to start when the draw down (floating loss) reached 5%, positive DDR min profit set to 1%, and positive DDR banked profit split % set to 25%. Assume a trade is placed, and market moved against you, this the TGP built some top-up trades, now the TGP will wait for any pull back of these top-up trades to create some positive floats. Once one of the positive floats reaches 1% (100 USD), TGP will close these positive float trades, bank 25 USD, and use the 75 USD to close as much as possible partial volume from the losing trades. 

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Account Management Settings

TGP has comprehensive Account Management features, designed primarily for robust account protection. This functionality positions TGP as an indispensable tool, especially for proprietary firms’ traders. The feature incorporates numerous mechanisms to meticulously manage risk, ensuring equity remains within designated daily loss limits. Moreover, to optimize profit retention, the TGP system integrates equity trailing options. Unlike cycle management settings, this section applies to the entire account, regardless of the magic number.

 

Maximum trades per day on the account:  To protect you from over trading, TGP offers you the option to set maximum number of trades per day on the account level.

Floating loss limit $: Set a maximum floating loss limit in money value, when reached, all open trades on the account will be closed, and resume trades at the next available signal.

Floating profit limit $: Set a maximum profit limit in money value, when reached, all open trades on the account will be closed, and resume trades at the next available signal.

Daily loss limit $: Set a maximum daily loss (realised and unrealized) limit in money value, when reached, all open trades on the account will be closed, and resume trades the following day.

Daily profit limit $: Set a maximum daily profit (realised and unrealized) limit in money value, when reached, all open trades on the account will be closed, and resume trades the following day.

Account high to close all trades $: Set the highest equity value for the TGP to close all trades and disable trading on the account.

Account low to close all trades $: Set the lowest equity value for the TGP to close all trades and disable trading on the account.

Trailing profit: Select YES if you want to enable equity trailing on the account.

Trailing start, stop and step: If you opt-in for trailing, here you need to set the trailing start, stop, and step values.  

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General Settings

Symbols for back testing: TGP allows you to back test multiple assets at the same time, simply add the pair/asset you want to back test in this field. 

Commission per lot: Usually commission is calculated at the end of the buying/selling cycles. To accommodate the commission cost in the TGP P&L calculation, you need to define your broker commission value in this field. 

Maximum allowed spread: Set your max allowed spread for your trades.

Magic number: Input the desired unique magic number. You can’t have the same magic number to different pairs, as it will confuse TGP while calculations related to trade management. 

Entries delay in seconds: This is a special feature for prop firms’ traders who might trade the same identical sets, with the same entries. Setting few seconds delay before executing the trades, will help traders not to have their accounts marked for identical strategies violations.

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Explanation of dynamic lot size calculation based on ADR 

1st: Calculate the Stop Distance using Virtual risk % of ADR: Assuming the Average Daily Range (ADR) period of the last 10 days was 100 pips and the Virtual Risk % of ADR selected is 50%, your virtual stop distance is 50 pips

2nd: Determine the amount of risk using the Virtual risk % of balance: Assuming account balance is, for instance, $10,000 and your Virtual Risk % of Balance is set at 1%, the amount you’re willing to risk on the trade is $100

3rd: Calculate the lot size: To calculate the lot size, you need to know the pip value for 1 standard lot of the pair you trade. For EURUSD, pip value for 1 standard lot is $10. The risk in terms of distance is 50 pips (from step 1). Therefore, the risk in monetary terms for 1 standard lot is 50 pips X $10 = $500. To risk only $100 (from step 2), you’d need to trade 0.2 lots (1 lots X $500/$100).

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Setfiles and Strategies