Meet the Minds Behind It: Hemant Agarwal is the brainchild of this innovative trading tool, with the coding expertise coming from barabashkakvn.
This Expert Advisor (EA) is designed to automatically place pending Buy Stop and Sell Stop orders.
It intelligently analyzes the last 100 bars to determine the optimal prices for these pending orders. The order price is calculated while considering the minimum allowed distance for that specific trading symbol (SYMBOL_TRADE_STOPS_LEVEL).
Key Input Parameters
- Lots: Volume for pending orders
- Trailing Stop (in pips): Defines the trailing stop value
- Trailing Step (in pips): Specifies the trailing step value
- Reset Time: Lifetime of pending orders in minutes
- Doji Diff 1: Minimum size of bar #1
- Doji Diff 2: Minimum size of the bar following bar #1
- Magic Number: Unique identifier for the EA
Example with the USDJPY symbol on the H1 timeframe:
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