If I have all the retracement levels selected, will the EA not open positions at all the retracement levels and just the one that is closest to the retracements?
prequest01 #: If I have all the retracement levels selected, will the EA not open positions at all the retracement levels and just the one that is closest to the retracements?
Correct. If all retracement levels are enabled (50%, 62%, 70.5%, and 79%), the EA will initiate a position at the level where the price crosses.
If all levels are enabled, a position will be opened at each level when the price crosses them. However, I don't recommend enabling all levels—it's up to you. You may test this EA on the demo version to see how it operates.
If I have all the retracement levels selected, will the EA not open positions at all the retracement levels and just the one that is closest to the retracements?