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Carbophos - expert for MetaTrader 5

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Published by:
Vladimir Karputov
Views:
249
Rating:
votes: 20
Published:
2017.11.03 12:31
Carbophos.mq5 (19.09 KB)view

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 Software Corp.
Original code: https://www.mql5.com/ru/code/19048

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