Cool EA MT5
Cool EA MT5 is a simple Expert Advisor based on Cool Indicator MT5 ( The Indicator is incorporated in the EA. )
Cool Indicator MT5 is based on Williams' Percent Range (%R) and Average True Range (ATR) and can be dowloaded for free from my product page.
Magic number : 966125 ( is a the unique number assigned to the trades placed by the Expert Advisor )
Timeframe : M5 ( 5 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 ( Trade size )
- 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.