Author: John Smith, Code Author: barabashkakvn.
With the Get Rich or Die Trying GBP Expert Advisor, trades are executed precisely at specified times, considering any additional hour shifts you set. This EA works its magic on the M1 timeframe, counting both bullish and bearish bars for accurate market analysis. It employs two money management classes: CMoneyFixedMargin and CMoneyFixedRisk, ensuring your trades are well-managed.
Key Inputs:
- Stop Loss: Set your limit for losses.
- Take Profit: Define your profit target.
- Take Profit 2: Used for programmatic closing.
- Trailing Stop: Lock in profits as the market moves.
- Trailing Step: Set the distance for the trailing stop.
- Money Management: Choose how to calculate risk (percentage of free margin or fixed risk value).
- Risk for a Deal (in %): Determine your acceptable risk level.
- Count Bars: Specify the number of bars for analysis.
- Additional Hour: Adjust the timing for execution.
- Max Positions: Limit the number of concurrent trades.
Lot Calculation Comparisons:
Here’s a look at how lot calculations differ based on free margin on GBPUSD, M1:
And here’s how it looks with a fixed risk value:
As you can see, the main difference lies in the position load, which can impact your trading strategy significantly.
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