Author of the idea: Evgeny, mq5 code author: barabashkakvn.
If you're looking to streamline your trading strategy, the Carbophos Expert Advisor (EA) might be just what you need. This handy tool sets a grid of pending orders both above and below the current market price, giving you a more robust approach to trading.
The algorithm behind this EA is straightforward: it begins by placing five pending Sell Limit and five pending Buy Limit orders when there are no existing orders or positions. From there, the EA keeps a close eye on the market. If your profit hits the designated Profit Target or your losses reach the Maximum Loss, it will automatically close all open positions and remove any remaining pending orders. It’s like having an extra pair of eyes on the market!
Input Parameters
- Profit Target (in currency) - This is the profit value you aim to achieve. Once it's reached, all positions will be closed.
- Maximum Loss (in currency) - The highest loss you're willing to tolerate. If this limit is hit, all positions will be closed.
- Step (in pips) - This defines the distance between your pending orders.
- Lot Size - This indicates the volume of your orders.
With Carbophos, you can take a more systematic approach to your trading, allowing you to focus on what you do best. Happy trading!
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