The EA works in two modes: semi-automatic and manual ( Operating mode parameter). In automatic mode the EA determines trend direction automatically ( Trend Period automatic operation mode and Trend coefficient parameters). Trades are entered according to data of the Inside Bar indicator. The EA's operation logic in semi-automatic mode corresponds to the logic of automatic mode except of one thing. A trader should set a trend direction in settings ( Direction of trade semi-automatic operation mode parameter). Expert Advisor parameters have not been optimized.
The EA was tested in the strategy tester and showed good results on EURUSD with the D1 timeframe.
Parameters
- Operating mode — Expert Advisor operation mode ( Semi_automatic , Automatic );
- Inside Bar Indent in point — indent form the inside bar where pending orders will be placed;
- Trend Period automatic operation mode and Trend coefficient — determines trend direction for the automated mode of EA operation;
- Time life pending order — this parameter is set in hours. Pending orders are removed upon the expiry of these hours;
- Direction of trade semi-automatic operation mode — trend direction (only for the semi-automatic mode). Buy , Sell , BuyAndSell — both directions;
- Ratio of profit a loss the first order - ratio of take profit and stop loss sizes for the first order.
- Ratio of profit a loss the second order - ratio of take profit and stop loss sizes for the second order. The value of this parameter must be greater than ' Ratio of profit a loss the first order '. Once the first order reaches take profit, the second one is moved to breakeven;
- Volume — the volume of orders being opened. If this parameter is set to zero, the EA will automatically calculate the volume in accordance with the specified risk ( the percentage of risk parameter) and the stop loss value;
- The percentage of risk - the risk as a percentage of the deposit used to calculate the volume of one deal. When setting this parameter, take into account that the EA simultaneously opens two orders. For example: if you set a risk value of 1%, then the total risk will be equal to 2%;
- Magic Number the first order ;
- Magic Number the second order ;
- Slippage - allowable slippage value;
- Comments to orders ;
If you still have any questions, please contact me to clarify all details.
