How does this EA decide to open a position?

"Safe Robot" check two signals, the first signal is stochastic indicator with default inputs (K Period: 100, D period:3, Slowing:3).

When the first signal is sell or buy then the EA checks the second signal. The second signal is Price Pattern with moving average (Period: 20).

When two signals are buy or are sell, the EA places orders with martingale steps, you can set options for martingale steps.

When you have an order, the EA can manage your money and orders.

You can set the maximum risk percent for exiting the market. You can set the trailing stop.

Input description:

Signal setting:

TimeFrame="PERIOD_H1" - you can set signal time frame, for example, PERIOD_H1 is set by default for all signals.

StochAstich_KPeriod=100; - you can set stochastic K period value, here 100 is set by default for this indicator.

StochAstich_DPeriod=3; - you can set stochastic D period value, here 3 is set by default for this indicator.

StochAstich_Slowing=3; - you can set stochastic slowing value, here 3 is set by default for this indicator.

UpLevel=75; - you can set the upper level for stochastic indicator, when the main stochastic crosses the UpLevel from below, the EA detects a sell signal.

DownLevel=20; - you can set the lower level for stochastic indicator, when the main stochastic crosses the DownLevel from above, the EA detects a buy signal.

MovingAverage_Period=20; - you can set MAPeriod, here 20 is set by default, the EA will check the moving average with this period to detect buy or sell patterns.

MovingAverage_Shift=0; - you can set MAShift, here 0 is set by default.

Order Setting:

Magic=555; - you can set the Magic number for all order that are opened with Safe robot.

BaseLot=0.01; - you can set BaseLot, used for base position in martingale steps.

Mult=2; - you can set mult, mult is a factor that multiplies the base lot to make second and third lot for other martingale steps.

TakeProfit=30; - you can set the Take Profit for the base position.

MSpace1=30; - you can set space(pips) between the base order and the second order.

MTakeProfit1=20; - you can set the take profit for the first step (first martingale step). When this pending order triggers, all orders are modified according to this order's take profit.

Money Management Setting

MaxRisk_Percent=20; - you can set the Max risk percent, when your loss value is equal to the risk percent of your account balance, all orders will be closed.

TrailingStop=false; - you can activate trailing stop method to trail your profit.

TrailingValue=0; - if TrailingStop is active, you can set TrailingValue for the trailing stop method.

EasyTradeStopLoss=0; - you can set stop loss (in pips) for Easy Trade buttons, this parameter only works when you press buttons to place market or pending orders

EasyTradeTakeProfit=0; - you can set take profit (in pips) for Easy Trade buttons, this parameter only works when you press buttons to place market or pending orders

Graphic Setting

BGColor=clrAqua; - you can set the background color for comments

CommentColor=clrLime - you can set the comment color.

You can see 4 buttons on the chart, these buttons are made for you to send orders easily.

EA places buy or sell orders with a specific magic number when you push the button.

EA closes all orders with the specific magic number when you push close order button.

EA deletes all pending orders with the specific magic number when you push delete order button.

When you push Buy stop button you can see the comment about the buy stop price, then you should type the buy stop price. Once you type the price completely, the EA places buy stop.

For Sell Limit, Sell Stop and Buy Limit everything is according to the sentence above.

I will be glad if you want to test my EA with different settings. I am waiting for your comments.

( 1 comentario ) Madurai, India

Nº del proyecto: #11861846

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shomies

Hi, if I understand the question correctly are you needing someone to make automated trading system. Or did you want this question answered "How does this EA decide to open a position?". Please elaborate on your reques Más

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