PriceActionAi Envelopes SPA

This EA is intended to assist with surveying and trading performance statistics with Envelopes indicator.

Only one order at a time can be opened, at the end of the order can the next order be opened

When candle price closed less than line LOWER value

In Reverse mode, the SELL command will be opened instead of the BUY command.

When candle price closed greater than the UPPER value

In Reverse mode the BUY command will be opened instead of the SELL command.

2. Configuration parameters

2.1. Basic parameter group

A. System Settings

• Day of week: Day of the week
• Trading Hours: Hours of the day
• Minute Min: From minutes
• Minute Max: Up to the minute
• Magic number: EA ID number   

B. Trading Settings

• Balance stop percent (0 = No Stop): Trade stop level. Once the profit / loss is loaded at this%, the EA will stop running.
• Reverse: Reverse
• Spread Limit (in points): The maximum spread when checked for entry
• Slippage Limit (in points): Maximum price slide when entering the order

C. Volume Settings

• Money management (LOT or RISK): Capital management
• In the case of choosing LOT: The value for money management: is quantity (eg: 0.01)
• In the case of choosing RISK: The value for money management: is a percentage (Example: 1)

D. SLTP Settings

• Stop Loss (in pips): Stop loss
• Take Profit (in pips): Take Profit

E. Trailing Stop Settings

• When the current bid / ask price is about 1 distance from the initial set SL point by Trailing Stop + Trailing Step, then drag SL 1 about Trailing Step, following the direction of trend development.
• Trailing Stop (in pips, 0 = No Trailing): Stop loss
• If Trailing Stop is 0, this function will not work
• If Trailing Stop is different from 0, then Trailing Step must be entered
• Trailing Step (in pips): The jump range of the SL

2.2. Parameter group characteristic

Envelopes Trading Setting 

Period: The average number of candles. Default value is 12 

Shift: Indicator parameter. Default value is 0 

Method: Type of average line applied. The default value is Smoothed 

Simple 

Exponential 

Smoothed 

Linear Weighted

Applied: Applied moving averages with candle prices. Default value is Median Price (HL / 2). 

Close

Open 

High 

Low 

Median Price (HL / 2) 

Typical Price (HLC / 3) 

Weighted Close (HLCC / 4) 

Deviation: Percentage of minimum price movement. Default value is 0.1%.