The robot places BuyStop/SellStop orders at a short distance from key price levels , trying to take advantage of the triggering of stops or pending orders accumulated at those levels . It is highly recommended to use a low slippage , low spread broker , fast computer or vps and low latency trading server for the robot to manage to work correctly .
Trades may be also managed by profit . Canceling TP , SL , TrailStop by setting them to 0 and BE by setting the parameter to false , using just profit to manage the trades .The EA closes all open orders when profit in currency or maximum loss in currency is reached.
A free version of the product may be found HERE . The free version is limited in lot size and magic number .
Recommended pairs : Forex Majors .
Timeframe : H1 .
Lots - Lot size if lot size used is fixed and no auto lot management is used ;
Manage_Lot - true/false - if true , lot size will be automatically calculated by the EA ; if false , fixed lot size will be used;
Risk Percent - is used in the auto lot management , if set to 1 , with Manage Lot set to true , it will open 0.01 lot size for every 100$ of the account equity .
Smart Lot - true/false ; if true , the EA will decrease lot size based on the following parameters , DecreaseOnLosses and DecreaseOnWins and reset lot size after series of losses or wins ends .
DecreaseOnLosses - coeficient for lot size decrease in a series of losses if SmartLot is set to true,calculated as lot/DecreaseOnLosses ;
DecreaseOnWins - coeficient for lot decrease in a win series if SmartLot is set to true , calculated as lot-lot*wins/DecreaseOnWins;
Hard Stop - is a normal stoploss ,set in points , based on the pending order placement or on the virtual trade level , if virtual pending orders are used ; if it is set to 0 it is not used ;
Virtual Stop - closes the open order if it was triggered at worse price than initially requested , so that the loss is not larger than it should be ; it is set in points and is not used if it set to 0;
Take Profit - normal takeprofit , set in points , based on the pending order placement or on the virtual trade level , not used if set to 0;
SellOffSet - offsets the pending orders (SellStop or BuyLimit) with the value input in points . If the input value is positive the EA will place the order above the lowest level by the number of points input by user .If the input value is negative , the EA will place the order bellow the lowest level by the number of points input by user;
BuyOffSet - offsets the pending orders (BuyStop or SellLimit) with the value input in points . If the input value is positive the EA will place the order bellow the highest level by the number of points input by user .If the input value is negative , the EA will place the order above the highest level by the number of points input by user;
TrailingStop - set in points , not used if set to 0 ;
TrailStep - the step in points the TrailStop will move ;
StartTrailAfter - starts the TrailStop only after the points in profit are achieved ;
BreakEven - true/false ; if true , BreakEvenAfterPoints will move SL to BreakEvenPoints in profit;
StochasticPeriod - stochastic is used to change or reset trade levels;
Level - the number of candles used to calculate the high and the low level;
VirtualPendingOrders - true/false ; if true , market orders are used istead of pending orders
MaxSpreadPoints - maximum spread allowed if working with market orders , set in points;
MaxSlippagePips - Applies only for old style brokers(dealing desk) , 1pip=10points ;
ReverseStrategy - if set to true , places SellLimit instead of BuyStop and BuyLimit instead of SellStop.
UseProfitTarget - if set to true , profit and loss in account currency is used for closing orders or basket of orders .
ProfitTarget - the profit goal in account currency that will be used .
MaximumLoss - all orders will be closed if the input loss in currency is achieved .
Working Time For Sending Orders : StartTime and EndTime .
DeletePending - true/false - if true , deletes pending orders outside the time interval established in Working Time .
Corrected profit target function to calculate the entire profit .