Author of the Idea: Skoch, MQ5 Code Author: barabashkakvn.
The e-Skoch Expert Advisor (EA) is designed to execute trades right at the opening of a bar, steering clear of the tick analysis during the bar's lifespan. This makes it a reliable tool for traders looking to automate their strategy without getting bogged down in the noise of intra-bar price action.
This EA specializes in placing pending orders based on specific market conditions:
- Buy Stop: Activated when the high of bar #2 on the D1 timeframe surpasses the high of bar #1 on the same timeframe, and the current timeframe's high of bar #2 also exceeds the high of bar #1.
- Sell Stop: Triggered when the low of bar #2 on the D1 timeframe falls below the low of bar #1, and the low of bar #2 on the current timeframe is less than the low of bar #1.
Input Parameters
- Lots: Choose your lot size.
- Take Profit for BUY (in pips): Set your take profit level for pending buy orders.
- Stop Loss for BUY (in pips): Define your stop loss level for pending buy orders.
- Take Profit for SELL (in pips): Set your take profit level for pending sell orders.
- Stop Loss for SELL (in pips): Define your stop loss level for pending sell orders.
- Indenting Price from High (in pips): Specify the distance from the high of the bar on the current timeframe.
- Indenting Price from Low (in pips): Specify the distance from the low of the bar on the current timeframe.
- True -> If there is a position, do not place a pending order: This setting prevents new pending orders if an open position already exists.
- Percent Equity: Profit expressed as a percentage of equity.
- Magic Number: A unique identifier for the Expert Advisor.
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