Author of the Idea: Evgeny.
MQL5 Code Author: Vladimir Karputov.
If you're looking to streamline your trading on MetaTrader 5, let me introduce you to Pipso, an expert advisor (EA) that could make a world of difference. This EA operates within a specified time frame and cleverly analyzes the Highs and Lows over a set number of bars.
What's great about Pipso is that it includes built-in safeguards to prevent the dreaded "not enough money" error, so you can trade with peace of mind.
Here's how it works: the EA determines the High and Low values during your chosen interval of bars. If the low value is breached, it triggers a BUY position. Conversely, if the high value is broken, it opens a SELL position.
Before Pipso makes a BUY, it ensures that all open SELL trades are closed. Similarly, before it makes a SELL, it closes all open BUY trades. This helps keep your trading strategy clean and straightforward.
- Time-Interval Trading: Set it and forget it!
- Profit Protection: No more worrying about margin calls.
- Smart Position Management: Closes opposite trades before opening new ones.
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