Dream Catcher

The Dream Catcher Forex Software is an Expert Advisor (EA) that capitalizes on the Moving Average (MA) crossover strategy. This innovative Forex trading tool allows users to employ up to ten moving averages that crossover each other to execute market orders, both to open and close trades.

Configuring Moving Averages

Users have the flexibility to select the number of moving averages for opening trades, and their configurations are independent of the chosen number of moving averages for closing trades. This approach provides a unique level of customization in aligning the tool with individual trading strategies.

Moreover, users can configure up to five moving averages that filter out the execution of market orders based on their slope or gradient. This feature enables the EA to ignore opening or closing a trade from crossover signals if the slope of one of these moving averages is within a set range specified for each moving average.

Integrating the ADX Indicator

The Dream Catcher Forex Software also integrates the Average Directional Index (ADX) indicator to filter out trades during market consolidation. Users can set the EA to ignore all market orders from the moving average crossovers if the ADX line is below a user-defined percentage, enhancing the effectiveness of the trading strategy during specific market conditions.

Management Inputs and Time Filter

Under the management inputs, users can configure various settings such as trailing stop, stop loss, take profit, and lot size. The EA also includes a time filter to configure the time of the day at which trades from the moving average signals are executed and when they are ignored, offering a higher level of control over trading activities.

Compatibility with MetaTrader 5

The filling mode for executing orders can be changed to ensure that this expert adviser works with all brokers that support MetaTrader 5, making it a versatile tool for various trading platforms.

FAQs

Q: How does the slope filtering work?
A: The slope for each moving average is calculated as the change in the value of the moving average in relation to price over user-specified time in minutes.

Q: Can I test the product before purchasing?
A: Yes, independent testing of this product is available on the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product.

Q: Can I share my experience of using this product?
A: Absolutely, users are encouraged to share their experiences with the Dream Catcher Forex Software. Your feedback can help other traders make informed decisions.

Remember, this is an independent product review and the text is written in the third person, providing an unbiased perspective on the Dream Catcher Forex Software and its use of the MA Crossover Strategy.