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ZigoZago

This robot is based on grid logic but with flat lot size increment and limiting the opening trade frequency to avoid big risk due to this logic.

The positions are opened in both direction without setting Take Profit and Stop Loss.

Stop Loss is set only in case of running positive trades and these positions will be trailed.

Partial closure of opened positions is done by robot to allow trailing mechanism.

Suggested period is M1, but it also works with others.

Can be used on all pairs using default parameter as suggestion with a minimal capital of 1000 EUR.

Verify the spread and commission applied to your broker to adjust the specific parameter:

- position not opened if spread is> allowedSpread

- position profit is reduced by commissionFactor*POSITION_VOLUME

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The EA waits for a spike according to a specific logic and opens a position in spike direction setting stop loss and take profit. When positions are in profit they are managed with smart trailing mechanism based also on elapsed time from opened position. It works with 5-digit and 4-digit broker. Must be used on M1 chart. Does not need historical data. It does not use : Martingale. Grid. Hedge. Parameters spikeFilter - value to decide opening positions takeProfit - take profit in points stopLos
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Version 5.0 2022.02.24
small fix
Version 4.0 2022.02.22
Fix on logic
Version 3.0 2022.02.21
Added pause after order opening to avoid order duplication due to network delay
Version 2.0 2022.02.21
Fixed issue trading multiple markets