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Eye

Eye is a hedging EA that works to protect your account and limit losses when price goes to the opposite side.

Eye can manage all trades opened by robots and/or manually.

When the original trade becomes negative and reaches a certain value (hedge_at), Eye opens a new trade opposite to original trade creating the Hedge and closes this when original trade returns to a certain value (close_at).

Let’s define few words used in Eye trading:

  • Master order - Any order open by EA, manual or EA_MA of Eye.
  • Slave order - Any order open by Eye EA different of EA_MA of Eye.
  • EA_MA - a moving average (EMA) used in Eye to open Master orders. This feature allows opening Master orders in Backtest and optimization.

You can use Eye to open Master trades in your account - use Toaster = true. In this case Eye make all trades Master and Slave.

You can open Master trades on your account manually or using another EA. In this case, use Toaster = false.


EA Rules

  1. Pairs - Any. Test in demo before use in live account.
  2. Timeframes - Any.
  3. Broker - Low spreads and fast execution.
  4. VPS with low latency is very good.
  5. ECN account is recommended.
  6. More info in My Blog.


I‌nput Options

Use these next parameters to store information obtained from backtests. These parameters do not change strategy or optimization.

  • These parameters are to store information from backtests. These parameters do not change strategy.
  • Symbol_1 - Symbol used.
  • Timeframe_2 - Timeframe.
  • Profit_3 - Profit.
  • Drawdown_4 - Drawdown data.
  • Free_comments5 to Free_comments10 - Put data like date interval used, Initial value, trades profit and all data resulting from the backtest that you think is relevant.
  • check - Choose Money or point to entry/exit.
  • hedge_at - Entry when reaching this value.
  • close_at - Close the Eye order when reaching this value.
  • Lot_multip - Lot multiplier.
  • All_profit_close_all - When Account Profit (Money) reaches this value, all open trades will be closed.
  • use_close_eye_ord_if_no_master_ord - If true, when Master order is closed the Slave order is also closed.
  • comment - Comment used in trade.
  • Slippage - Slippage.
  • Magic - Magic Number.
  • use_Toaster - It is used in Backtest and Optimization (true or false) to open Master order to Eye work. If true, it will open Master orders on demo or live account. If you use an Expert or manual trades, keep false.
  • Toaster_Lot - lot used in Toaster.
  • Toaster_MA_period - Moving average period to use in Toaster.
  • Toaster_TP - Take Profit used in Toaster.
  • Toaster_SL - Stop Loss used in Toaster.
  • Toaster_reverse - If true change BUY for SELL and vice versa.
  • Toaster_comment - Comment used in Toaster.
  • show_info - If true show info in chart.
  • info_corner - Corner where info show.
  • info_size - Font size.
  • info_X - X distance.
  • info_Y - Y distance.
  • info_Y_step - Y step.
  • Main_color - Info Main color.
  • Buys_color - Buys color text.
  • Sells_color - Sells color text.
  • All_color - All color text.
  • rectangle_color - Rectangle color.
  • rectangle_width - Rectangle width.
  • rectangle_height - Rectangle height.

Parameters to tune in optimization:

  • check - Choose Money or point to entry/exit.
  • close_at - Close the Eye order when reaching this value.
  • Lot_multip - Lot multiplier.
  • All_profit_close_all - When Account Profit (Money) reaches this value, all open trades will be closed.
  • use_close_eye_ord_if_no_master_ord - If true, when Master order is closed the Slave order is also closed.
  • Slippage - Slippage.
  • Toaster_Lot - lot used in Toaster.
  • Toaster_MA_period - Moving average period to use in Toaster.
  • Toaster_TP - Take Profit used in Toaster.
  • Toaster_SL - Stop Loss used in Toaster.
  • Toaster_reverse - If true change BUY for SELL and vice versa.
  • Toaster_comment - Comment used in Toaster.
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