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- Published by:
- Vladimir Karputov
- Views:
- 4489
- Rating:
- Published:
- 2017.11.03 12:31
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Author of the idea: Evgeny, mq5 code author: barabashkakvn.
The Expert Advisor sets a grid of pending orders above and below the current price.
The EA algorithm is as follows: if there are no pending orders and no positions, the EA sets five pending Sell Limit and five pending Buy Limit orders. Then the EA monitors the market: if profit reaches the "Profit target" value or loss reaches "Maximum loss", all open positions are closed and remaining pending orders are deleted.
Input Parameters
- Profit target (in money) - the target profit value; when it is reached, all positions will be closed.
- Maximum loss (in money) - the maximum allowable loss; when it is reached, all positions are closed.
- Step (in pips) - distance between pending orders.
- Lot - volume of orders.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/19048
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