NonLagMA EA – Forex Expert Advisor

Metatrader trend trading expert advisor that can trade with the trend, hedge, martingale, trail the price and recover the losses of a losing trade (by hedging), compatible with MT5 and MT4. NonLagMA EA trades with the trend, buys in uptrend and sells in downtrend. This MetaTrader NonLagMA expert advisor is a trend trading tool designed for traders trading with the trend and whose forex trading strategy is defined by the “trend is your friend” motto. This Metatrader expert advisor is similar to the Fluid expert adviser and its main functions are basically the same. The EA can detect the trend and trade accordingly, as well as hedge and recover the losses from a losing trade by making use of the Auto Recovery loss recovery algorithm. Of course, classic stop-loss, break-even and trailing stop are also possible.

NonLagMA main functions

• Detects the trend (by the nonlagma indicator color, price position or both)
• Enter (or exit a winning trade/basket) on the nonlag moving average indicator signal
• Trails the price – of winning trades, places stoploss, breakeven, manages lotsize, martingale etc
• Hedges the recovery zone or with the trend (fluid), a regular stoploss can also be used

The trend can be defined by the color of the trend nonlagma, the price position regarding this nonlagma or both (see pic above) of these options. For the EA to consider closing a trade or a basket of trades at the non-lag moving average signal, the profit must be higher or equal to the MinProfit.

To trade using the expert advisor as it was designed to do, the trader must first choose an option for the EA to establish the trend. This will be accomplished by the trend nonlagma detector and it can be based on the indicator’s color (black=sell, white=buy), the price position regarding the nonlagma trend indicator (price above = buy, price below = sell) or both of these criteria.

The second nonlagma indicator is used to enter a trade and, if the trader wants to, nonlagma can also be used to close a trade or a basket of trades. Exiting a trade at the nonlagma reverse signal may ensure that the trader has closed the trade at the right moment, just before the trend would reverse.

For the experienced tdiv style="text-align: left;">Take your time to understand what each of these settings does. After you’ve done that, try to optimize the default settings based on the pairs you are trading, the time-frame you trade on, your equity and initial LotSize etc.

Determine the Trend by:

• NonLagMA Trend Color – considers an uptrend if the nonlagma (Trend Length) color is up (default white) and downtrend if it’s black
• NonLagMA Trend Price Position – if the price is above the nonlagma (Trend Length) the EA will be allowed to buy (uptrend), if it is below, to sell (downtrend)
• NonLagMA Trend Color & Price Position – both of the option above (color & price position) must match in order to determine the trend
• Disabled – the EA will open trades whenever the nonlagma (SignalLength) changes the color, regardless the trend nonlagma (TrendLength)

NonLagMA_Indicator_Name – this is the name of the non-lag moving average indicator file (RobotFX-NonLagMA-Indi.ex4), without the filetype .ex4. Make sure that the nonlagma indicator exists in the MetaTrader’s Indicators folder as the EA needs it to determine the trend and to spot trade entries & exits