I want to describe how to use iTrend filter in this EA.
If you want to use it set it to true (ItrendFilter true).
In this case the parameter ItrendLevel is more important.
Recommended value for this ItrendLevel is the following:
between 0.10 and 0.15 for usdjpy M15 (I prefer 0.1);
0.19 for usdjpy H1;
0.0017 - 0.0026 for gbpusd M15 (I prefer 0.0026);
0.0044 for gbpusd H1;
0.0013 - 0.0017 for eurusd M15 (I prefer 0.0016 or 0.0017);
0.002 for eurusd H1;
0.0015 for usdchf M15; 0.003 for usdchf H1.
Please find attached the pre-set for this EA. Just change ItrendLevel only according to above mentioned figures.
Brainwashing #1c and all the indicators (this EA will not work without indicators) you may find
Brainwashing: EAs
You may find you own settings:
Attach iTrend indicator to the chart. This indicator is counting everything up to 300 bars back on the history starting from the current bar.
And you may see the value of Itrend (see image f1.gif). Then shift your chart on 300 bars back and during the shifting you may estimate the maximum (see image f2.gif).
Then multiply this max by 0.283.
The resut is ItrendLevel.
I want to note that if you are trading using m15 timeframe you need to estimate ItrendLevel at least once per two days, for h1 - one time per week. And because of that the backtesting results are not valid (we are backtesting using permanent ItrendLevel value but it is subject to change).
Please read the posts where this idea with iTrend indicator was described:
Brainwashing. Trades: manually and using EAs
Brainwashing. Trades: manually and using EAs