Logic:
- Order Management:
- Order Counting: Counts the number of open orders that match the current symbol and MagicNumber.
- Signal Generation: Uses Moving Averages (MA), Accelerator Oscillator (AC), and Momentum indicators to generate buy/sell signals.
- Order Sending: Places buy/sell orders based on the generated signals and calculates the appropriate lot size, stop loss, and take profit.
- Trailing Stop and Break-Even:
- Trailing Stop: Adjusts the stop loss to trail the price if the trade moves in favor.
- Break-Even: Moves the stop loss to break even after a certain profit is achieved to secure a no-loss position.
- Indicators Used:
- Bollinger Bands (BB): For volatility measurement.
- MACD: For trend identification.
- Moving Averages (MA): FastMA and SlowMA for trend determination.
- Momentum (Mom): For measuring the velocity of price movements.
- Accelerator Oscillator (AC): For confirming trade signals.
- Fractals: For support and resistance levels.
Description:
This EA is designed to trade based on the trend direction and momentum of the market. It employs various technical indicators to generate buy/sell signals. The EA manages trades dynamically with trailing stops and break-even adjustments to protect profits and minimize losses.
