Level Harvester

     The robot places limit and stop orders at key price levels and closes orders , or the basket of orders  when the profit target is reached .If the profit target is not reached by the first opened order it makes use of the power of accumulation , it accumulates orders untill the profit target is reached . 

       Profit Factor is calculated using lot size , for 0.01 lots the profit should be 1$ if the Profit Factor is set to 1, 10$ for 0.1 lots ,100$ for 1 lot and so on .Profit Factor and Loss Factor are correlated with lot size .

     The EA also has a built in spread filter when closing orders , in order to avoid  widening spreads at midnight and a "Maximum Spread allowed" function when closing opened orders to avoid closing orders in widening spreads or fast movements in price , reducing the risk of closing orders in a loss instead of a profit . 

      The default set is made for GpUsd , H1 Timeframe . Lower or higher timeframes may lead to higher drawdown .

   A low latency broker is recommended and a relatively fast computer or VPS due to possible fast changes in market prices .

Recommended Pair GBP/USD ; Other pairs set files can e found in the "Comments" section .

Timeframe H1 ;

Risk - calculated correctly for accounts in USD ;

Profit Factor - calculated correctly for accounts in USD ;

Level - upper and lower levels from the last "X" candles in the chart ;

MaxSpread - Maximum Spread allowed when closing orders ;

Parameter description :

Lots-manual lot size

Auto_Lot-if set to true , 

         then manual lot size is not used , 

         but "Risk" parameter is used , if Risk is set

         to 1 on a 1000 $ account , then 0.01 lot size

         will be the computed lot size

KeepHighLot- if AutoLot is set to true and drawdown starts to increase

             then the computed lot will not go lower than the previous used lot size

LowOffSet-if different from zero, then the lowest trade level is not used , but it 

          is offset by the number of input points , it can take positive or negative 

           values , above or bellow the lowest price calculated 

HighOffSet- same as the lowoffset but the reference is the highest price 

          Highest and lowest price are computed from the "Level" parameter which is 

          preset to 50 ( 50 candles on chart)

Stochastic_Period- stochastic indicator is used to reset trade levels , when stochastic

                  passes above 50 , the lowest trade level is changed , when it 

                  passes bellow 50 , the highest trade level is changed

Profit_Factor-is dependent on lot size , if it is set to 1 and 0.01 lot size is 

              used then closed profit will be 1$ on an USD account ,or 1 EUR on an 

              EUR account , the EA is made for USD accounts , but works on any account

              the same if profit factor is ajusted to currency type .

Profit_On_Bar- closes the orders only at the end of the bar if it is set to true , 

               it may increase profit or miss profit .

Magic - expert ID , every EA has an ID number so it can identify its own orders .

Use_Safety_Stop - if se to true , it will close all orders if drawdown will increase

                  too much ( defined by safety stop percent parameter)

Max Spread - maximum spread allowed when closing orders - not when opening , but when

                    closing ( drawdown may increase to more than 50 % if high risk is used

                    and at midnight when large spreads occure the orders might be closed in loss, so 

                    in order to avoid that and hoping the price will return and drawdown 

                   goes lower than 50% , the orders will not be closed only after the 

                   spread comes back under the limit ).