Price Action Forex Trading Robot

This is a Price Action based EA. No martingale or hedging strategy is used here.

The EA is for EURUSD Only.

Entry Logic:

1. Support resistance to determine the area of buying and selling.
2. We don't enter market if its a ranging market.we filter ranging market with Bollinger band and ADX.
3. Also we check the market trend.only enter for buy if its an uptrend and sell if its a sell market.

Exit Logic:

Usually, we have a fixed stop loss which is very low according to the Take profit.

Also we have trailing stop function.

Money Management Logic:

We have used several effective money management logic here.

1. We use at least 1:2 Risk Reward ratio.
2. When a trade goes in profit at least 20%, we put a trailing stop there. your profit will be locked in 20% profit and the stop loss will move automatically after every 20%pips profit.
3. After getting in profit, your 50% position will be closed,so you are out of risk for that trade.because you booked 50% profit and locked your sl.
4. Your lot size will increase/decrease according to your balance and profit.