Specification
An EA using ATR Channel as entry system, when Current Price Break the upper band a specific distant, send a sell order.
When Current Price Break the lower band specific distant , send a buy order.
One order in each level, with basic order general setting, example of required parameters as below:
Parameters
Order Entry :
MaxSpread in pips = 2.0 (Variables)
MaxSlippage in pips = 2.0 (Variables)
Magic Num = 999999 (Variables)
ATR Channel Periode = 18 (Variables)
ATR Channel Multiplier = 4.8 (Variables)
1st Order
1st Order Time frame = (M5/M15/M30/H1/H4/D1/W1)
Lot Size = 0.01 (Variables)
Break distant in pips = 1.0 (0 = not use) (Variables)
2nd Order (martingale order)
2nd Order Time frame = (M5/M15/M30/H1/H4/D1/W1)
Lot Size = 0.02 (Variables)
Break distant in pips = 1.0 (0 = not use) (Variables)
3rd Order (martingale order)
3rd Order Time frame = (M5/M15/M30/H1/H4/D1/W1)
Lot Size = 0.04 (Variables)
Break distant in pips = 1.0 (0 = not use) (Variables)
4th Order (martingale order)
4th Order Time frame = (M5/M15/M30/H1/H4/D1/W1)
Lot Size = 0.08 (Variables)
Break distant in pips = 5.0 (0 = not use) (Variables)
5th Order (martingale order)
5th Order Time frame = (M5/M15/M30/H1/H4/D1/W1)
Lot Size = 0.16 (Variables)
Break distant in pips = 20.0 (0 = not use) (Variables)
Exit Setting
Trailing start in dollar = 15 (Variables)
Trailing step in dollar = 15 (Variables) (0 = not use)
Stop loss in dollar = 100 (Variables)
Exit Cool down By simple MA time frame = (M5/M15/M30/H1/H4/D1/W1) (Variables)
Exit Cool down By simple MA period = 5 Variables)