This is a fully automated trading robot. Conqueror trades using pending orders, and modifies the pending orders following the market price movement. At the start, the Expert Advisor places two pending orders - BUY STOP and SELL STOP at a certain distance from the price equal to Distance, and then moves the orders following the price movement by modifying them every few seconds - MoveStopOrderSec. Also, in case of a strong movement, the EA places additional orders in the direction of the movement - DistanceAddOrder, each order has an individual trailing stop - SLTrailing. In order to avoid modification of pending orders on each pip, the EA uses MoveStopOrderStep - the minimal distance, below which orders will not be moved following the price.
Key Advantages of the EA:
- Does not use Martingale.
- No arbitrage.
- No Grid.
- Always uses stop loss to protect capital.
- User friendly.
- Works with any brokers that provide ECN accounts.
- It can work with a small deposit.
- Only pending orders.
- Can work with fixed lot and MM.
- The Expert Advisor can work on any pairs, recommended: GBPJPY and GBPUSD.
Requirements and Recommendations
- 5-digit quotes.
- Maximum allowed spread — 0 to 20 pips.
- Minimum deposit is 100$.
- Use VPS or hosting server with minimal network latency to the broker's server.
- 24/7 terminal operation.
- ECN broker with low commission and spread.
- Working timeframe M1
- Distance - the distance between the price and the pending orders
- DistanceAddOrder - the distance, at which additional pending orders should be placed after one of the initial orders triggers, while the second one is deleted.
- SLTrailing - the distance at which Trailing Stop shall trigger.
- TrailingStep - the step of the Trailing Stop.
- MM_Mode - lot calculation mode: as a percent or fixed lot.
- Vol - order volume.
- MoveStopOrderSec - time in seconds, after which the orders shall be moved following the price.
- MoveStopOrderStep - the minimum distance, below which orders will not be moved.
- Magic - the EA's magic number
- Slippage - allowable slippage
The EA checks if it is possible ti place the stop loss at the required level. If not,
it calculates the nearest possible level and send an order to place the stop loss at that level. If the server did not execute the order,
the EA repeats the calculation and the attempt to place the stop loss. So on until the stop loss is placed.
Naturally, all this is written to the log.