Introduction : The Trading Criteria EA is a powerful MetaTrader 4 (MT4) Expert Advisor designed to automate trading decisions based on predefined technical conditions. By using a combination of indicators and risk management rules, this EA helps traders execute trades efficiently without emotional bias.
How the Trading Criteria EA Works
The EA follows a rules-based approach, analyzing market conditions before entering trades. Here’s a breakdown of its logic:
1. Entry Conditions
- Uses Moving Averages (MA) to identify trends.
- Confirms signals with RSI (Relative Strength Index) to avoid false breakouts.
- Only trades when volatility (ATR) is within a favorable range.
2. Exit Conditions
- Take Profit (TP) and Stop Loss (SL) are set based on market structure.
- Can use trailing stops to lock in profits during strong trends.
3. Risk Management
- Adjusts lot size based on account balance.
- Limits the number of open trades to prevent overexposure.
Why Choose the Trading Criteria EA?
Here’s why this EA stands out:
Eliminates Emotional Trading – Follows strict rules without hesitation.
Customizable Settings – Adjust indicators, risk, and trade timing.
Works on Multiple Timeframes – Can be optimized for scalping, swing, or day trading.
Backtested Strategy – Proven performance in historical data.
Best For:
- Traders who want automated, disciplined trading.
- Beginners looking for a ready-to-use EA.
- Experts who want to modify and enhance the strategy.
Best Strategy for the Trading Criteria EA
1. Timeframe Selection
- M15-H1 for intraday trading.
- H4-D1 for swing trading.
2. Optimal Indicator Settings
- MA Period: 20-50 (adjust based on volatility).
- RSI Levels: 30/70 (for mean-reversion trades).
- ATR Filter: Avoid trading in extremely low volatility.
3. Risk Management Rules
- Risk only 1-2% per trade.
- Use a trailing stop after price moves in your favor.
4. Avoid Trading During News
High-impact economic events can cause false signals—consider adding a news filter.
Final Thoughts
The Trading Criteria EA is an excellent tool for traders who want a systematic, rule-based approach to forex trading. By combining trend-following and momentum indicators, it increases the probability of successful trades.
