Idea Creator - Scriptor.
Code Author - barabashkakvn.
Closing Positions
This EA sets a target for the total profit of all positions (opened by the EA) in points through the parameter named Total Profit Target. Importantly, every profitable position must have a profit that is equal to or greater than the Minimal Profit Target. This means you can establish a minimum profit threshold in points for your positions, leading to a more refined profitability graph compared to simply closing positions based on monetary profit.
Defining a Trend
- When the Short Moving Average is ABOVE the Long Moving Average at the Minimum distance between MA's to determine the trend, it indicates an upward trend.
- When the Short Moving Average is BELOW the Long Moving Average at the Minimum distance between MA's to determine the trend, it indicates a downward trend.
Inputs
- Start Lots - the initial lot size
- Base (Lot=Start Lots * MathPow(Base, Number of open positions)) - the basis for calculating position volume
- Shutdown Grid - a feature to force close all positions and stop the EA's operation
- Tunnel Width (in pips)
- Total Profit Target (in pips)
- Minimal Profit Target (in pips)
- MA Short: averaging period
- MA Long: averaging period
- Minimum distance between MA's to determine the trend (in pips) - the minimum distance between indicators for defining a trend
- Magic Number - a unique identifier for the EA
Here’s a test example for EURUSD on the M5 timeframe:
Comments 0