The EA will have you manually draw a zone for buys and sells and within the zone will layer trades for you using either market or pending orders within a pre-defined risk percentage and amount of orders.
when price reaches within the zone the EA will risk 1%(variable) total of your account and disperse it equally within the zone with the SL for all trades to be placed at the top or bottom of the zone and a option to add a certain number of pips to the SL. So there should be a box called add SL and u should be able to add a variable number to the SL . So a Add_SL + 1 will have the SL at the top of the zone or bottom and add this amount of pips to the SL.
Each red line is 1 order so with a 1% risk and 5 max positions, the EA will open a 0.2% risk trade on each of the red lines with the same SL but variable TP's ( EG- 1:4,1:5,1:10) and percentage of a trade to be closed out when hit the TP's so when TP1 is hit close 33.3% of total orders so if 1 lot it will close 0.33 lots and leave the remaining 0.67 lots open , when it hits TP2 close another 33.3% so close out another 0.33 lots and leave last 0.34 lots open to hit final TP.
max orders will always be dispersed equally within the zone so a 10 pip zone with 5 max orders will have 1 pending trade every 2 pips starting with the very bottom of the zone for sells and tops for buys.
Each order will represent 0.2% risk of account
please refer to the video linked to see details and explanations. Please make everything look presentable
The other EA i showed is called runwiseFX on MQL marketplace under tools.
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