The brains behind this tool - Scriptor
Code creator - barabashkakvn
IMPORTANT: This EA is designed exclusively for hedge accounts! Netting is not allowed!
This Expert Advisor is a game-changer for setting pending Buy Limit and Stop Limit orders. It leverages the iMA (Moving Average) and iEnvelopes (Envelopes) indicators to make informed decisions. The EA activates only with the appearance of a new bar and is restricted to a specific trading window: from Start hour to End hour.
You can set up to three pending limit orders in each direction, creating a structured grid. Each order is assigned a unique magic number, following these rules:
- For BUY #1: magic number + 1
- For BUY #2: magic number + 2
- For BUY #3: magic number + 3
- For SELL #1: magic number - 1
- For SELL #2: magic number - 2
- For SELL #3: magic number - 3
If there are pending orders that haven’t triggered by the time the server clock hits the End hour, the EA will automatically remove all non-activated pending orders.
The default settings for EURUSD on the M5 timeframe are as follows:
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