Combination EA MT5
Combination EA MT5 is a simple Expert Advisor based on Combination Indicator MT5 ( The Indicator is incorporated in the EA.)
Combination Indicator MT5 is based on Stochastic Oscillator and Average True Range (ATR) and can be dowloaded for free from my product page.
Magic number : 124777 ( is the unique number assigned to the trades placed by the Expert Advisor )
Timeframe : M15 ( 15 minutes )
The parameters below can be set according to your trading rules.
- StopLoss : ( Stop Loss in pips )
- TakeProfit : ( Take Profit in pips )
- TradeSize : 1.0
- MaxOpenTrades=1 ( Maximum open trades per currency pair )
- Hedging=true ( Hedging mode, set to true )
Some clarification to remember :
For 5-digit brokers : 1 Point=0.00001 and 1 Pip=0.0001 => 10 Points=1 Pip
For 4-digit brokers : 1 Point=0.0001 and 1 Pip=0.0001 => 1Points=1Pip
If your account type is Netting then set Hedging mode to false.