Continuity EA

Introduction

This EA uses a simple entry based on a moving average and shows the power of position sizing and money management over entry signals.

The trading approach is to grow the account step-by-step reaching a daily trading goal or stopping to trade if the EA exceeds a maximum daily loss. 

Define parameters profit target, maximum daily loss, and stop loss to influence the trading results significantly.

The EA takes long and short trades and uses neither a grid system nor a Martingale approach.

You are responsible for your trading and your account. Please test this EA thoroughly and understand the risk and mechanics of the trading system.

Instruments

Financial instruments to test with: NQ, DAX40, ES

Timeframes: M15, M30, H1

Feedback & Feature requests

Parameters

I invite you to test this EA to learn more about the dynamics of choosing position sizes, setting targets, and cutting losses. As a starting point for your backtests, you can use these parameter sets (Account Size 10.000 USD) - current setting files are available in the comment section:

Parameter	Description	NQ 100	DAX 40
Timeframe	The trading interval (chart setting)	M15	H1
Position
Position sizing	Fixed no of Lots Percentage of Capital	Fixed no of Lots	Fixed no of Lots
Position size in Lots	Number of lots if Position Sizing = Fixed no of Lots	3	3
Position size in percent of equity	Percent of equity for position size if Position Sizing = Percentage of Capital Values between 0.1 and 100 allowed	-	-
Entry
MA length	The size of the Moving Average that filters entries	12	28
MA calculation method	The kind of Moving average to filter entries (SMA; EMA; Smoothed; Linear Weighted)	Linear Weighted	Linear Weighted
Money Management
Daily Loss Limit	The maximum you are willing to lose on a day. No more positions are opened if your loss exceeds this amount. See additional parameters. Can be exceeded in case of gaps or stops that are too large.  Negative values	-200	-400
Daily profit target	The amount you want to earn each day. No more positions are opened if your profit exceeds this amount.	175	100
Stop must be less than Daily Loss Limit	If set to "true" no position is opened if the position would risk more than your daily loss limit. This is the most restrictive setting. It might reduce your profit potential.	false	false
Stop must be less than Daily Loss Limit + Profit	If set to "true" no position is opened if the position would risk more than your daily loss limit + your profit/loss you already made this day.	false	false
Trigger distance from entry to secure break even	Distance from entry when the stop is moved to break even	2500	9000
Stop Buffer	Distance from break even, e.g. to cover spreads or commissions	100	100
Stop Step	Move the stop further into profit after this amount of Points	1400	2500
Close position for daily profit	Close the open position immediately if the daily profit is reached	false	false
Time Filters
Start hour	Start trading in this hour (in server time)	17 (GMT+2)	9 (GMT+2)
Start Minute	Start trading in this minute of start hour	0	0
Latest Entry Hour	Stop opening positions in this hour (in server time)	22	21
Latest Entry Minute	Stop opening positions in this Minute of Latest entry hour	0	0
Auto Close Trade Hour	Close open position in this hour (in server time)	23	23
Auto Close Trade Minute	Close open position in this minute of Auto Close Hour	55	55
Entry Filters
Filter entries with long term MA	if "true" entries are filtered with an additional long term MA	false	false
Period of long term MA	length of long term moving average	-	-
Time Frame of long term MA	the time frame of the long term moving average	-	-
Mode of long term MA	The calculation method of the long term moving average	-	-
General Settings
Magic Number	An unique identifier for this EA
Comment for trades	Standard comment for trades