It is intended to work on ECN account only and only on EURUSD.
The idea is simple: there is a buy limit order on a certain distance from the current price, and the order is modified under certain conditions. Modification is performed by the fourth decimal place and after the time (in seconds) specified in the settings. During sharp downtrends, buy limit is triggered and closed by take profit almost immediately.
But the take profit might not trigger and the price will go lower.
The Expert Advisor cannot be tested in the strategy tester or used on a symbol that has a prefix or suffix.
I recommend that you use it 1-2 days after strong movements on the market. Also, it would be wise to disable it before significant news.
Weakness: a continuous movement without rollbacks when having a large position opened.
Be careful when using it!
- magik - magic number, used to run several EAs simultaneously.
- TPPercent - take profit as percentage of the current level of the order. By default, it is 1 point at the price of 1.38.
- Sleep_ - number of seconds, after which the EA modifies an order if necessary.
- Percent - distance from the current price as percentage. The EA changes this value depending on the current market situation. I recommend searching for the best value of this parameter on a demo account. Negative values are also allowed. If the buy limit order does not trigger on a fast market, you can decrease this value.
- L - volume of the order. One should not exceed value 0.01 if the deposit size is less than $1 000.