The Expert Advisor places limit orders based on the constructed trend, and automatically updates them. It uses the built-in money management that simplifies calculations! After opening a position, the EA maintains orders by editing their take profit and stop loss in accordance with the channel! The EA works with trend and against it depending on settings. The best drawing can be done by a trader. Robots cannot properly build and adjust lines, all you need to do is to draw trend lines or channels, and the Expert Advisor does the rest for you. When you attach the EA on a chart, it creates trend lines 100 old points away from the current price - red and blue. You need to drag the lines to the desired position.
- TrendMode both - (trade by or against trend): trend or contr
- Lots =0.01 - fixed lot value
- MaxRiskTrend 3 - maximum traded risk as percentage for trend following trading
- MaxRiskContr 3 - maximum traded risk as percentage for counter-trend trading
- TakeProfitTrend 60 - take profit for trade following trades
- TakeProfitContr 30 - take profit for counter-trend trades
- StopLossTrend 20 - stop loss for trade following trades
- StopLossContr 20 - stop loss for counter-trend trades
- Magic 5000 - magic number
- NameBase "ETL" - name of trend lines
- The standard settings are designed for beginners!