IQ Trade
- Experts
- Version: 1.9
- Updated: 13 January 2023
- Activations: 5
The Expert Advisor works according to the indicator signals. The adviser works according to the following principle, if the price went the wrong way when opening a deal, then the adviser will open an additional number of orders, to open orders, the adviser counts the number of bars through which to open an additional deal, the number of bars is set by the user in the adviser settings, the bars are counted on the chart period set by the user in the adviser settings. The volume of the subsequent transaction to be opened is also set by the user in the Adviser's settings and can be increased both by adding the current order to the coefficient and multiplying this parameter is also configured in the Adviser's settings. For a better display and understanding of the current state of the adviser, there is an information panel.
The main parameters of the adviser's work:
Volume – the volume of the initial opened transaction
Profit between closed and open trades (PBCOT) - % profit between open and closed trades. (When a situation occurs in which it is necessary to close the current unprofitable trades with accumulated profit, in order not to lose all the accumulated profit, and the current parameter is created)
Number of bars to skip (NBS) – the number of bars skipped after the last open trade to open an additional trade
Timeframe NBS (TNBS) – the period of the chart on which the bars are being counted
A sign for increasing the lot with the selected coefficient – choosing the action of increasing the volume of the subsequent opened transaction
Volume increase ratio – the coefficient for increasing the volume (when multiplying, you must not forget that the current volume will be multiplied by the current coefficient)
Trailing Activator – activation of the StopLoss movement in the wake of profit (when StopLoss=0, the EA itself activates and sets StopLoss, at the desired distance)
Trailing Stop – the distance in points from the current price to the open transaction at which the Stop Loss is transferred
Trailing Position – the distance in points from the current price in the direction of an open transaction to which the Stop Loss is transferred
Step Trailing – the step of the Stop Loss movement for the price in points
