Idea Creator: JS_Sergey, Code Developer: barabashkakvn.
The Flat Channel EA is designed to capitalize on breakouts from flat channels. When it identifies a flat channel or senses a slowdown in the market, this EA sets a pending order in anticipation of a breakout. The stop-loss level is set to twice the width of the channel, making it a robust choice for traders. We recommend using it with the EUR/USD pair on the M30 timeframe for optimal results.
Input Parameters
- Time Work (true → on, false → off) - Toggle the time filter on or off.
- Trade on Tuesday - Enable or disable trading on Tuesdays.
- Trade on Wednesday - Enable or disable trading on Wednesdays.
- Trade on Thursday - Enable or disable trading on Thursdays.
- Start Trading on Monday - Set the start time for trading on Mondays.
- Stop Trading on Friday - Determine when to cease trading on Fridays.
- Money Management - Enable or disable automated money management features.
- Risk in % for a Deal from a Free Margin - Define the risk percentage per trade (if Money Management is set to false).
- Lots - Specify the lot size for trades.
- Lifetime - Set the duration for pending orders.
- Magic Number - Assign a unique identifier for the EA.
- StdDev Averaging Period - Determine the averaging period for the Standard Deviation indicator.
- Flat Bars - Specify the minimum number of bars required to identify a flat.
- Channel Min (in pips) - Set the minimum channel size.
- Channel Max (in pips) - Set the maximum channel size.
- Breakeven - Enable or disable the breakeven function.
- Fibo Trail - Define the minimum distance from the current price for adjusting a position to breakeven.
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