Traders Dynamic Index EA – Forex Expert Advisor

Metatrader Traders Dynamic Index expert advisor that can trade with the trend based on the Traders Dynamic Index indicator and (optional) moving averages, stochastic and price action. The TDI expert advisor was designed for traders using the Traders Dynamic Index indicator. This (TDI) is a Metatrader indicator that uses RSI (Relative Strength Index), its moving averages and volatility bands (based on Bollinger Bands) to offer a full picture of the current Forex market situation. Although it might look complicated at first, trading using the TDI expert advisor will prove to be very simple as soon as the indicator’s capabilities are understood.

Within the EAs settings, there a 3 ways to determine the trend: the yellow slope, the green/yellow position and the price positions towards a moving average. The trade entries are given by a multitude of criteria that can be individually disabled, as explained further in the settings section.

Beside the trend settings and the trade entry criteria, trading signals can also be filtered by the Stochastic’s oversold/overbought levels or a swing zone confirmation (this the price distance from the latest highest high or lowest low). It is worth to mention that both the trend detector or the signal confirmation can be disabled, leaving the EA trade only based on the TDI settings. Since the TDI expert advisor uses the TDI indicator, all the indicator’s settings can be found in the EA’s settings.

Determine the Trend by

• MA Trend Indicator – if selected, it establishes an uptrend if the price is above the MA Trend, and a downtrend if the price is below the Ma Trend
• TDI Green/Yellow position – if selected, the EA considers an uptrend when the TDI green moving average is above the yellow line, and a downtrend when it is below it
• TDI Yellow slope – if selected, the TDI’s yellow moving average slope is used to determine the price trend; rising slope means an uptrend, falling is a downtrend
• No Trend – disables the trend detector

Loss management

• Enable Martingale – enable/disable the next trade’s lotsize multiplier, if the previous trade closed with negative profit
• Martingale Multiplier – if the above scenario occurs, the next trade’s lotsize will be equal to the previous trade’s lotsize multiplied by this number
• Retry Martingale – how many times to enable the multiplier, if the next trades are also negative profit; set this to a realistic number, because increasing the lotsize over and over might lead to your account hitting a margin
• Trades’ Comment – used for monitoring opened/closed trades
• Magic Number – set a different number if you want to use the EA multiple times on the same chart/pair