The Experst Advisor is for automated trading on MT4. The EA identifies a trend rather early and opens a trade. After that it is managed by the money management module. If the trade closes with a win, it assumes that the trend will continue and with the next candle formation it opens a new trade. If the trade should close with a loss, the system waits at least for two more candles and only opens a trade with the third (if the candle formation and the indicator give the signal). Whether it is going into the same direction or whether there is a turn, is decided based on an internal algorithm. This way we guarantee, that longer trends are used as long as possible but that it as well can identify the turn and got with the new trend in that case.
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