The brain behind this tool - Scriptor
Code author - barabashkakvn
If you’re looking to enhance your trading game, the Probe EA is worth a look. This versatile Expert Advisor (EA) operates on both netting and hedging accounts, making it a flexible choice for many traders. It analyzes every tick, which means it’s always ready to jump into action. The EA uses the iCCI indicator to gauge values on bars #0 and #1, helping it decide when to place those all-important pending orders—specifically Buy Stop and Sell Stop.
When a trading signal is triggered, the EA places a pending stop order with a specified Lots volume at the desired distance, labeled as Indent from the price, from the current market price. If you’ve set a Stop Loss greater than zero, it will be activated immediately.
Now, what happens to those pending orders that don’t get triggered? If the current price moves away from a pending order by 1.5 times the Indent from the price, the order will be removed to keep your strategy clean and efficient.
Once a pending order is activated, you can apply a trailing stop to manage your position, provided your Trailing Stop setting isn’t set to zero.
Here’s a sample test result on EURUSD using the M30 timeframe:
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